Seismograph by Cryptograph Club

Liquidation wave · Closed

$14.5M on-chain liquidation wave, 2 Jun 2026

Magnitude M 4.2 on-chain, scale v1
Liquidated $14.5M USD at the block
Busiest hour $8.4M to 2 Jun 2026, 14:35 UTC

Liquidations on Morpho Blue, GMX v2, Aave v3, Compound v3, Aave v4 and Spark (Base, Arbitrum and Ethereum) totalled $14.5M between 13:35 and 15:40 UTC on 2 Jun 2026. The busiest hour saw $8.4M. 1,127 positions were liquidated. 3 liquidations could not be valued and are not included.

Timeline

$0$1.0M$2.0M$3.0M$4.0M2 Jun 12:35–12:40 UTC: $143K12:352 Jun 12:40–12:45 UTC: $02 Jun 12:45–12:50 UTC: $02 Jun 12:50–12:55 UTC: $02 Jun 12:55–13:00 UTC: $1.1M2 Jun 13:00–13:05 UTC: $132K2 Jun 13:05–13:10 UTC: $35K13:052 Jun 13:10–13:15 UTC: $6K2 Jun 13:15–13:20 UTC: $227K2 Jun 13:20–13:25 UTC: $02 Jun 13:25–13:30 UTC: $12 Jun 13:30–13:35 UTC: $14K2 Jun 13:35–13:40 UTC: $59K13:352 Jun 13:40–13:45 UTC: $221K2 Jun 13:45–13:50 UTC: $12K2 Jun 13:50–13:55 UTC: $2K2 Jun 13:55–14:00 UTC: $51K2 Jun 14:00–14:05 UTC: $369K2 Jun 14:05–14:10 UTC: $75K14:052 Jun 14:10–14:15 UTC: $2.5M2 Jun 14:15–14:20 UTC: $2K2 Jun 14:20–14:25 UTC: $3.2M2 Jun 14:25–14:30 UTC: $2.0M2 Jun 14:30–14:35 UTC: $3K2 Jun 14:35–14:40 UTC: $47K14:352 Jun 14:40–14:45 UTC: $1K2 Jun 14:45–14:50 UTC: $10K2 Jun 14:50–14:55 UTC: $12 Jun 14:55–15:00 UTC: $12 Jun 15:00–15:05 UTC: $39K2 Jun 15:05–15:10 UTC: $015:052 Jun 15:10–15:15 UTC: $02 Jun 15:15–15:20 UTC: $1.2M2 Jun 15:20–15:25 UTC: $255K2 Jun 15:25–15:30 UTC: $1.4M2 Jun 15:30–15:35 UTC: $2.1M2 Jun 15:35–15:40 UTC: $999K15:352 Jun 15:40–15:45 UTC: $32 Jun 15:45–15:50 UTC: $02 Jun 15:50–15:55 UTC: $02 Jun 15:55–16:00 UTC: $02 Jun 16:00–16:05 UTC: $4K2 Jun 16:05–16:10 UTC: $016:052 Jun 16:10–16:15 UTC: $25K2 Jun 16:15–16:20 UTC: $02 Jun 16:20–16:25 UTC: $02 Jun 16:25–16:30 UTC: $2312 Jun 16:30–16:35 UTC: $02 Jun 16:35–16:40 UTC: $016:35

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

Facts

Started
2 Jun 2026, 13:35 UTC
Peak
5 minutes from 2 Jun 2026, 14:20 UTC
Ended
2 Jun 2026, 15:40 UTC
Duration
2 h 5 min
Positions liquidated
1,127 (1,127 liquidation events)
Normal level
Median hourly total $18K, 95th percentile $419K, over the 30 days before the day it started
Not valued
3 liquidations could not be valued and are not included
Coverage
On-chain DeFi venues only; verified automatically from the blockchain
By venue
ValuedShare
Morpho Blue$7.0M49%
GMX v2$5.5M38%
Aave v3$1.7M12%
Compound v3$192K1%
Aave v4$81K<1%
Spark$7K<1%
By chain
ValuedShare
Base$7.1M49%
Arbitrum$5.5M38%
Ethereum$1.9M13%
By asset
ValuedShare
Bitcoin$8.9M61%
Ethereum$4.4M30%
Other$1.3M9%
Stablecoins$5<1%

Sources

The largest transactions in the wave, on the chain's block explorer
TransactionVenueValue
0x7e027f9a…2a97c6 GMX v2 (Arbitrum) $1.2M
0xfe3cfc44…0fd420 Morpho Blue (Base) $1.0M
0xb30d12b0…804c43 GMX v2 (Arbitrum) $1.0M
0xc340de61…e87799 GMX v2 (Arbitrum) $857K
0xc9eca64f…a196f4 Morpho Blue (Base) $815K
0xfb353cdc…0ff3b4 Morpho Blue (Base) $598K
0x9ddcaa9e…5d8576 Morpho Blue (Base) $503K
0x4fe3f4eb…28bed7 Morpho Blue (Base) $449K
0x56bd01d5…9fe0f6 GMX v2 (Arbitrum) $438K
0xb0d8d293…2b6b8c Aave v3 (Ethereum) $428K

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