Liquidation wave · Closed
$6.0M on-chain liquidation wave, 23 Jun 2026
Magnitude
M 3.8
on-chain, scale v1
Liquidated
$6.0M
USD at the block
Liquidations on Aave v3, GMX v2 and Morpho Blue (Ethereum, Arbitrum and Base) totalled $6.0M between 08:15 and 08:25 UTC on 23 Jun 2026. 59 positions were liquidated.
Timeline
All covered venues, with an hour before and after the wave for comparison.
Facts
- Started
- 23 Jun 2026, 08:15 UTC
- Peak
- 5 minutes from 23 Jun 2026, 08:20 UTC
- Ended
- 23 Jun 2026, 08:25 UTC
- Duration
- 10 min
- Positions liquidated
- 59 (59 liquidation events)
- Normal level
- Median hourly total $19K, 95th percentile $1.1M, over the 30 days before the day it started
- Coverage
- On-chain DeFi venues only; verified automatically from the blockchain
| Valued | Share | |
|---|---|---|
| Aave v3 | $5.8M | 97% |
| GMX v2 | $174K | 3% |
| Morpho Blue | $20K | <1% |
| Valued | Share | |
|---|---|---|
| Ethereum | $5.8M | 97% |
| Arbitrum | $179K | 3% |
| Base | $22K | <1% |
| Valued | Share | |
|---|---|---|
| Ethereum | $5.9M | 99% |
| Other | $73K | 1% |
| Bitcoin | $125 | <1% |
Sources
| Transaction | Venue | Value |
|---|---|---|
| 0xcba9f7b7…153c54 | Aave v3 (Ethereum) | $5.8M |
| 0xc4569578…417d25 | GMX v2 (Arbitrum) | $52K |
| 0x97ed08a3…7524b4 | GMX v2 (Arbitrum) | $42K |
| 0x9eed41af…2ef7d4 | GMX v2 (Arbitrum) | $30K |
| 0x4c875b3e…45f451 | GMX v2 (Arbitrum) | $15K |
| 0x2d3f94b6…37eb6c | GMX v2 (Arbitrum) | $9K |
| 0x98ab9c87…18686f | Morpho Blue (Base) | $7K |
| 0xb0a376c4…8bb4c9 | Morpho Blue (Base) | $7K |
| 0xe038cc0d…c668da | GMX v2 (Arbitrum) | $6K |
| 0x3702981f…bfa392 | GMX v2 (Arbitrum) | $6K |
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