Liquidation wave · Closed
$8.5M on-chain liquidation wave, 27 Mar 2026
Magnitude
M 3.9
on-chain, scale v1
Liquidated
$8.5M
USD at the block
Liquidations on Aave v3, GMX v2, Morpho Blue, Compound v3 and Spark (Ethereum, Arbitrum and Base) totalled $8.5M between 10:35 and 11:20 UTC on 27 Mar 2026. 181 positions were liquidated.
Timeline
All covered venues, with an hour before and after the wave for comparison.
Facts
- Started
- 27 Mar 2026, 10:35 UTC
- Peak
- 5 minutes from 27 Mar 2026, 10:35 UTC
- Ended
- 27 Mar 2026, 11:20 UTC
- Duration
- 45 min
- Positions liquidated
- 181 (181 liquidation events)
- Normal level
- Median hourly total $10K, 95th percentile $451K, over the 30 days before the day it started
- Coverage
- On-chain DeFi venues only; verified automatically from the blockchain
| Valued | Share | |
|---|---|---|
| Aave v3 | $6.6M | 78% |
| GMX v2 | $1.4M | 17% |
| Morpho Blue | $456K | 5% |
| Compound v3 | $33K | <1% |
| Spark | $7 | <1% |
| Valued | Share | |
|---|---|---|
| Ethereum | $6.6M | 78% |
| Arbitrum | $1.4M | 17% |
| Base | $457K | 5% |
| Valued | Share | |
|---|---|---|
| Other | $6.7M | 79% |
| Bitcoin | $1.4M | 17% |
| Ethereum | $376K | 4% |
Sources
| Transaction | Venue | Value |
|---|---|---|
| 0x46dd5159…f9c6ca | Aave v3 (Ethereum) | $6.5M |
| 0x6c43c84e…ec4648 | GMX v2 (Arbitrum) | $224K |
| 0x87c676bc…7fbb2f | GMX v2 (Arbitrum) | $211K |
| 0x8844b20f…80207f | GMX v2 (Arbitrum) | $186K |
| 0x6cf88449…627c40 | Morpho Blue (Base) | $163K |
| 0x80faf6ff…a1d7b0 | GMX v2 (Arbitrum) | $159K |
| 0xd10ae98b…318a09 | GMX v2 (Arbitrum) | $150K |
| 0x2b9815ee…c05f33 | Morpho Blue (Base) | $67K |
| 0xef9e3e03…a50076 | GMX v2 (Arbitrum) | $55K |
| 0xb9ca2021…de219e | Morpho Blue (Base) | $53K |
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