Seismograph by Cryptograph Club

Liquidation wave · Closed

$59.6M on-chain liquidation wave, 3 Jun 2026

Magnitude M 4.8 on-chain, scale v1
Liquidated $59.6M USD at the block
Busiest hour $33.5M to 4 Jun 2026, 01:25 UTC

Liquidations on Morpho Blue, Aave v3, GMX v2, Sky, Compound v3, Aave v4 and Spark (Base, Ethereum and Arbitrum) totalled $59.6M between 23:35 UTC on 3 Jun and 03:05 UTC on 4 Jun 2026. The busiest hour saw $33.5M. 2,028 positions were liquidated. 3 liquidations could not be valued and are not included.

Timeline

$0$5.0M$10.0M$15.0M$20.0M3 Jun 22:35–22:40 UTC: $022:353 Jun 22:40–22:45 UTC: $16K3 Jun 22:45–22:50 UTC: $11K3 Jun 22:50–22:55 UTC: $03 Jun 22:55–23:00 UTC: $52K3 Jun 23:00–23:05 UTC: $1.8M3 Jun 23:05–23:10 UTC: $28K3 Jun 23:10–23:15 UTC: $3K3 Jun 23:15–23:20 UTC: $69K23:153 Jun 23:20–23:25 UTC: $65K3 Jun 23:25–23:30 UTC: $03 Jun 23:30–23:35 UTC: $03 Jun 23:35–23:40 UTC: $91K3 Jun 23:40–23:45 UTC: $33K3 Jun 23:45–23:50 UTC: $5463 Jun 23:50–23:55 UTC: $389K3 Jun 23:55–00:00 UTC: $1.7M23:554 Jun 00:00–00:05 UTC: $2114 Jun 00:05–00:10 UTC: $04 Jun 00:10–00:15 UTC: $04 Jun 00:15–00:20 UTC: $04 Jun 00:20–00:25 UTC: $13K4 Jun 00:25–00:30 UTC: $2.1M4 Jun 00:30–00:35 UTC: $13.1M4 Jun 00:35–00:40 UTC: $7.6M00:354 Jun 00:40–00:45 UTC: $271K4 Jun 00:45–00:50 UTC: $44 Jun 00:50–00:55 UTC: $12K4 Jun 00:55–01:00 UTC: $170K4 Jun 01:00–01:05 UTC: $04 Jun 01:05–01:10 UTC: $04 Jun 01:10–01:15 UTC: $44 Jun 01:15–01:20 UTC: $8.7M01:154 Jun 01:20–01:25 UTC: $1.6M4 Jun 01:25–01:30 UTC: $52K4 Jun 01:30–01:35 UTC: $3K4 Jun 01:35–01:40 UTC: $14K4 Jun 01:40–01:45 UTC: $144 Jun 01:45–01:50 UTC: $2.0M4 Jun 01:50–01:55 UTC: $2.7M4 Jun 01:55–02:00 UTC: $2.7M01:554 Jun 02:00–02:05 UTC: $15.1M4 Jun 02:05–02:10 UTC: $254K4 Jun 02:10–02:15 UTC: $3914 Jun 02:15–02:20 UTC: $37K4 Jun 02:20–02:25 UTC: $12K4 Jun 02:25–02:30 UTC: $84 Jun 02:30–02:35 UTC: $34K4 Jun 02:35–02:40 UTC: $20902:354 Jun 02:40–02:45 UTC: $7K4 Jun 02:45–02:50 UTC: $2K4 Jun 02:50–02:55 UTC: $10K4 Jun 02:55–03:00 UTC: $9704 Jun 03:00–03:05 UTC: $932K4 Jun 03:05–03:10 UTC: $2284 Jun 03:10–03:15 UTC: $04 Jun 03:15–03:20 UTC: $1K03:154 Jun 03:20–03:25 UTC: $04 Jun 03:25–03:30 UTC: $04 Jun 03:30–03:35 UTC: $5K4 Jun 03:35–03:40 UTC: $5114 Jun 03:40–03:45 UTC: $6544 Jun 03:45–03:50 UTC: $04 Jun 03:50–03:55 UTC: $04 Jun 03:55–04:00 UTC: $003:554 Jun 04:00–04:05 UTC: $4K

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

Facts

Started
3 Jun 2026, 23:35 UTC
Peak
5 minutes from 4 Jun 2026, 02:00 UTC
Ended
4 Jun 2026, 03:05 UTC
Duration
3 h 30 min
Positions liquidated
2,028 (2,030 liquidation events)
Normal level
Median hourly total $21K, 95th percentile $726K, 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$32.0M54%
Aave v3$19.7M33%
GMX v2$6.8M11%
Sky$798K1%
Compound v3$262K<1%
Aave v4$34K<1%
Spark$10K<1%
By chain
ValuedShare
Base$31.4M53%
Ethereum$20.8M35%
Arbitrum$7.3M12%
By asset
ValuedShare
Bitcoin$43.5M73%
Ethereum$13.2M22%
Other$2.9M5%
Stablecoins$11K<1%

Sources

The largest transactions in the wave, on the chain's block explorer
TransactionVenueValue
0x6699d3f7…2a885d Aave v3 (Ethereum) $6.3M
0x07f2c85e…2078a9 Aave v3 (Ethereum) $5.9M
0x02f693ea…e123bd Morpho Blue (Base) $3.9M
0x033b501a…667c11 GMX v2 (Arbitrum) $2.9M
0xa48124bb…c36707 Morpho Blue (Base) $2.1M
0x913e07a4…5b0dfc Morpho Blue (Base) $2.0M
0x315960a3…ee1c07 Morpho Blue (Base) $1.7M
0xe8aa007a…966347 Morpho Blue (Base) $1.7M
0x3797ba05…125ba3 Morpho Blue (Base) $1.4M
0x7cf4d035…207f23 Aave v3 (Ethereum) $1.4M

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