Liquidation wave · Closed
$18.6M on-chain liquidation wave, 25 Mar 2026
Magnitude
M 4.3
on-chain, scale v1
Liquidated
$18.6M
USD at the block
Liquidations on GMX v2 (Arbitrum) totalled $18.6M between 05:05 and 05:10 UTC on 25 Mar 2026. 5 positions were liquidated.
Timeline
All covered venues, with an hour before and after the wave for comparison.
Facts
- Started
- 25 Mar 2026, 05:05 UTC
- Peak
- 5 minutes from 25 Mar 2026, 05:05 UTC
- Ended
- 25 Mar 2026, 05:10 UTC
- Duration
- 5 min
- Positions liquidated
- 5 (5 liquidation events)
- Normal level
- Median hourly total $10K, 95th percentile $466K, over the 30 days before the day it started
- Coverage
- On-chain DeFi venues only; verified automatically from the blockchain
| Valued | Share | |
|---|---|---|
| GMX v2 | $18.6M | 100% |
| Valued | Share | |
|---|---|---|
| Arbitrum | $18.6M | 100% |
| Valued | Share | |
|---|---|---|
| Bitcoin | $18.6M | 100% |
| Other | $2K | <1% |
Sources
| Transaction | Venue | Value |
|---|---|---|
| 0xfa1e565e…d16058 | GMX v2 (Arbitrum) | $18.6M |
| 0xd66557d3…cf97ac | GMX v2 (Arbitrum) | $970 |
| 0x2c40cb5b…bd7c7a | GMX v2 (Arbitrum) | $705 |
| 0xc9f77dd4…91a56e | GMX v2 (Arbitrum) | $466 |
| 0x0f0f5bac…1c4912 | GMX v2 (Arbitrum) | $222 |
Values are in USD at the block of each liquidation, from on-chain prices. On-chain liquidation magnitudes measure DeFi venues only and are not yet comparable with hack or depeg magnitudes. Methodology · The magnitude scale