Seismograph by Cryptograph Club

Liquidation wave · Closed

$26.8M on-chain liquidation wave, 2 Jun 2026

Magnitude M 4.4 on-chain, scale v1
Liquidated $26.8M USD at the block
Busiest hour $18.0M to 3 Jun 2026, 03:55 UTC

Liquidations on Aave v3, Morpho Blue, GMX v2, Sky, Aave v4, Compound v3 and Spark (Ethereum, Base and Arbitrum) totalled $26.8M between 22:45 UTC on 2 Jun and 03:55 UTC on 3 Jun 2026. The busiest hour saw $18.0M. 815 positions were liquidated. 5 liquidations could not be valued and are not included.

Timeline

$0$5.0M$10.0M2 Jun 21:45–21:50 UTC: $021:452 Jun 21:50–21:55 UTC: $02 Jun 21:55–22:00 UTC: $02 Jun 22:00–22:05 UTC: $12K2 Jun 22:05–22:10 UTC: $02 Jun 22:10–22:15 UTC: $4K2 Jun 22:15–22:20 UTC: $413K2 Jun 22:20–22:25 UTC: $32K2 Jun 22:25–22:30 UTC: $02 Jun 22:30–22:35 UTC: $02 Jun 22:35–22:40 UTC: $122:352 Jun 22:40–22:45 UTC: $13K2 Jun 22:45–22:50 UTC: $268K2 Jun 22:50–22:55 UTC: $421K2 Jun 22:55–23:00 UTC: $283K2 Jun 23:00–23:05 UTC: $548K2 Jun 23:05–23:10 UTC: $3022 Jun 23:10–23:15 UTC: $02 Jun 23:15–23:20 UTC: $5172 Jun 23:20–23:25 UTC: $148K2 Jun 23:25–23:30 UTC: $6.7M23:252 Jun 23:30–23:35 UTC: $20K2 Jun 23:35–23:40 UTC: $4K2 Jun 23:40–23:45 UTC: $52 Jun 23:45–23:50 UTC: $02 Jun 23:50–23:55 UTC: $02 Jun 23:55–00:00 UTC: $03 Jun 00:00–00:05 UTC: $396K3 Jun 00:05–00:10 UTC: $6K3 Jun 00:10–00:15 UTC: $10K3 Jun 00:15–00:20 UTC: $000:153 Jun 00:20–00:25 UTC: $03 Jun 00:25–00:30 UTC: $03 Jun 00:30–00:35 UTC: $203 Jun 00:35–00:40 UTC: $03 Jun 00:40–00:45 UTC: $03 Jun 00:45–00:50 UTC: $43 Jun 00:50–00:55 UTC: $03 Jun 00:55–01:00 UTC: $03 Jun 01:00–01:05 UTC: $03 Jun 01:05–01:10 UTC: $001:053 Jun 01:10–01:15 UTC: $03 Jun 01:15–01:20 UTC: $03 Jun 01:20–01:25 UTC: $03 Jun 01:25–01:30 UTC: $03 Jun 01:30–01:35 UTC: $03 Jun 01:35–01:40 UTC: $27K3 Jun 01:40–01:45 UTC: $18K3 Jun 01:45–01:50 UTC: $03 Jun 01:50–01:55 UTC: $03 Jun 01:55–02:00 UTC: $001:553 Jun 02:00–02:05 UTC: $03 Jun 02:05–02:10 UTC: $03 Jun 02:10–02:15 UTC: $03 Jun 02:15–02:20 UTC: $03 Jun 02:20–02:25 UTC: $03 Jun 02:25–02:30 UTC: $03 Jun 02:30–02:35 UTC: $03 Jun 02:35–02:40 UTC: $03 Jun 02:40–02:45 UTC: $4483 Jun 02:45–02:50 UTC: $002:453 Jun 02:50–02:55 UTC: $03 Jun 02:55–03:00 UTC: $03 Jun 03:00–03:05 UTC: $03 Jun 03:05–03:10 UTC: $4K3 Jun 03:10–03:15 UTC: $03 Jun 03:15–03:20 UTC: $40K3 Jun 03:20–03:25 UTC: $2K3 Jun 03:25–03:30 UTC: $3.6M3 Jun 03:30–03:35 UTC: $157K3 Jun 03:35–03:40 UTC: $8.1M03:353 Jun 03:40–03:45 UTC: $2.3M3 Jun 03:45–03:50 UTC: $2.5M3 Jun 03:50–03:55 UTC: $1.3M3 Jun 03:55–04:00 UTC: $03 Jun 04:00–04:05 UTC: $6K3 Jun 04:05–04:10 UTC: $03 Jun 04:10–04:15 UTC: $03 Jun 04:15–04:20 UTC: $103 Jun 04:20–04:25 UTC: $73 Jun 04:25–04:30 UTC: $004:253 Jun 04:30–04:35 UTC: $03 Jun 04:35–04:40 UTC: $03 Jun 04:40–04:45 UTC: $03 Jun 04:45–04:50 UTC: $03 Jun 04:50–04:55 UTC: $0

All covered venues, with an hour before and after the wave for comparison.

Facts

Started
2 Jun 2026, 22:45 UTC
Peak
5 minutes from 3 Jun 2026, 03:35 UTC
Ended
3 Jun 2026, 03:55 UTC
Duration
5 h 10 min
Positions liquidated
815 (816 liquidation events)
Normal level
Median hourly total $18K, 95th percentile $419K, over the 30 days before the day it started
Merged
1 later wave started less than 6 hours after this one ended and is counted here
Not valued
5 liquidations could not be valued and are not included
Coverage
On-chain DeFi venues only; verified automatically from the blockchain
By venue
ValuedShare
Aave v3$14.2M53%
Morpho Blue$8.6M32%
GMX v2$3.6M13%
Sky$396K1%
Aave v4$56K<1%
Compound v3$8K<1%
Spark$528<1%
By chain
ValuedShare
Ethereum$14.5M54%
Base$8.7M32%
Arbitrum$3.7M14%
By asset
ValuedShare
Ethereum$18.1M67%
Bitcoin$7.7M29%
Other$1.1M4%
Stablecoins$73<1%

Sources

The largest transactions in the wave, on the chain's block explorer
TransactionVenueValue
0x78500ca9…81d551 Aave v3 (Ethereum) $7.6M
0xe83339cd…c836c5 Aave v3 (Ethereum) $5.0M
0x2f9c1c43…5b50fe Morpho Blue (Base) $3.4M
0xf60fab11…8f777a Morpho Blue (Base) $1.9M
0x01a2a33c…90387d GMX v2 (Arbitrum) $1.4M
0x6071d125…1d6ff7 GMX v2 (Arbitrum) $1.3M
0x80c8da43…268c1b Morpho Blue (Base) $612K
0x87d81a11…ea8482 Morpho Blue (Base) $508K
0xc0cea711…23afe3 Morpho Blue (Base) $476K
0x651ff34a…cffdfb Aave v3 (Ethereum) $407K

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