Seismograph by Cryptograph Club

Liquidation wave · Closed

$49.3M on-chain liquidation wave, 6 Jun 2026

Magnitude M 4.7 on-chain, scale v1
Liquidated $49.3M USD at the block
Busiest hour $49.1M to 6 Jun 2026, 05:05 UTC

Liquidations on Aave v3, Spark, Morpho Blue, Compound v3, GMX v2 and Aave v4 (Ethereum, Arbitrum and Base) totalled $49.3M between 04:05 and 06:00 UTC on 6 Jun 2026. The busiest hour saw $49.1M. 696 positions were liquidated. 3 liquidations could not be valued and are not included.

Timeline

$0$10.0M$20.0M$30.0M6 Jun 03:05–03:10 UTC: $003:056 Jun 03:10–03:15 UTC: $8K6 Jun 03:15–03:20 UTC: $06 Jun 03:20–03:25 UTC: $5K6 Jun 03:25–03:30 UTC: $2K6 Jun 03:30–03:35 UTC: $36 Jun 03:35–03:40 UTC: $3K03:356 Jun 03:40–03:45 UTC: $1K6 Jun 03:45–03:50 UTC: $06 Jun 03:50–03:55 UTC: $8836 Jun 03:55–04:00 UTC: $06 Jun 04:00–04:05 UTC: $06 Jun 04:05–04:10 UTC: $79K04:056 Jun 04:10–04:15 UTC: $1.9M6 Jun 04:15–04:20 UTC: $72K6 Jun 04:20–04:25 UTC: $18K6 Jun 04:25–04:30 UTC: $1.1M6 Jun 04:30–04:35 UTC: $20.9M6 Jun 04:35–04:40 UTC: $2.3M04:356 Jun 04:40–04:45 UTC: $16 Jun 04:45–04:50 UTC: $3K6 Jun 04:50–04:55 UTC: $36 Jun 04:55–05:00 UTC: $16 Jun 05:00–05:05 UTC: $22.8M6 Jun 05:05–05:10 UTC: $005:056 Jun 05:10–05:15 UTC: $06 Jun 05:15–05:20 UTC: $56 Jun 05:20–05:25 UTC: $3116 Jun 05:25–05:30 UTC: $06 Jun 05:30–05:35 UTC: $06 Jun 05:35–05:40 UTC: $005:356 Jun 05:40–05:45 UTC: $06 Jun 05:45–05:50 UTC: $42K6 Jun 05:50–05:55 UTC: $06 Jun 05:55–06:00 UTC: $103K6 Jun 06:00–06:05 UTC: $536 Jun 06:05–06:10 UTC: $27K06:056 Jun 06:10–06:15 UTC: $12K6 Jun 06:15–06:20 UTC: $06 Jun 06:20–06:25 UTC: $2K6 Jun 06:25–06:30 UTC: $06 Jun 06:30–06:35 UTC: $06 Jun 06:35–06:40 UTC: $006:356 Jun 06:40–06:45 UTC: $06 Jun 06:45–06:50 UTC: $06 Jun 06:50–06:55 UTC: $46 Jun 06:55–07:00 UTC: $0

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

Facts

Started
6 Jun 2026, 04:05 UTC
Peak
5 minutes from 6 Jun 2026, 05:00 UTC
Ended
6 Jun 2026, 06:00 UTC
Duration
1 h 55 min
Positions liquidated
696 (698 liquidation events)
Normal level
Median hourly total $23K, 95th percentile $1.1M, 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
Aave v3$44.7M91%
Spark$2.3M5%
Morpho Blue$1.3M3%
Compound v3$544K1%
GMX v2$479K<1%
Aave v4$9K<1%
By chain
ValuedShare
Ethereum$46.3M94%
Arbitrum$1.6M3%
Base$1.3M3%
By asset
ValuedShare
Ethereum$48.3M98%
Other$873K2%
Bitcoin$123K<1%
Stablecoins$5K<1%

Sources

The largest transactions in the wave, on the chain's block explorer
TransactionVenueValue
0x4b5d9c33…a0721e Aave v3 (Ethereum) $21.4M
0x9061a9c1…795529 Aave v3 (Ethereum) $15.4M
0xe8cbf1b8…8dd82b Aave v3 (Ethereum) $3.1M
0x9c458f3c…5196d2 Spark (Ethereum) $1.6M
0x8d713ef3…d8615d Aave v3 (Ethereum) $1.5M
0xfe596c49…37f5c4 Morpho Blue (Base) $632K
0xd9d4904b…99d5a7 Aave v3 (Ethereum) $624K
0x62e6703c…f00df8 Spark (Ethereum) $483K
0x4130ba9f…9a25df Compound v3 (Arbitrum) $476K
0x92a67eef…63e592 Aave v3 (Ethereum) $265K

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