Seismograph by Cryptograph Club

Liquidation wave · Closed

$11.2M on-chain liquidation wave, 24 Jun 2026

Magnitude M 4.1 on-chain, scale v1
Liquidated $11.2M USD at the block
Busiest hour $11.0M to 24 Jun 2026, 17:50 UTC

Liquidations on Morpho Blue, GMX v2, Aave v3, Aave v4, Spark and Compound v3 (Base, Ethereum and Arbitrum) totalled $11.2M between 16:45 and 17:55 UTC on 24 Jun 2026. The busiest hour saw $11.0M. 458 positions were liquidated. 2 liquidations could not be valued and are not included.

Timeline

$0$2.0M$4.0M$6.0M24 Jun 15:45–15:50 UTC: $107K15:4524 Jun 15:50–15:55 UTC: $024 Jun 15:55–16:00 UTC: $49K24 Jun 16:00–16:05 UTC: $2K24 Jun 16:05–16:10 UTC: $10K24 Jun 16:10–16:15 UTC: $18K16:1024 Jun 16:15–16:20 UTC: $29824 Jun 16:20–16:25 UTC: $9K24 Jun 16:25–16:30 UTC: $324 Jun 16:30–16:35 UTC: $024 Jun 16:35–16:40 UTC: $2K16:3524 Jun 16:40–16:45 UTC: $3K24 Jun 16:45–16:50 UTC: $70K24 Jun 16:50–16:55 UTC: $3.1M24 Jun 16:55–17:00 UTC: $26K24 Jun 17:00–17:05 UTC: $7K17:0024 Jun 17:05–17:10 UTC: $6224 Jun 17:10–17:15 UTC: $2K24 Jun 17:15–17:20 UTC: $347K24 Jun 17:20–17:25 UTC: $3.1M24 Jun 17:25–17:30 UTC: $24K17:2524 Jun 17:30–17:35 UTC: $8K24 Jun 17:35–17:40 UTC: $2324 Jun 17:40–17:45 UTC: $25K24 Jun 17:45–17:50 UTC: $4.4M24 Jun 17:50–17:55 UTC: $152K17:5024 Jun 17:55–18:00 UTC: $1124 Jun 18:00–18:05 UTC: $11824 Jun 18:05–18:10 UTC: $024 Jun 18:10–18:15 UTC: $2K24 Jun 18:15–18:20 UTC: $3K18:1524 Jun 18:20–18:25 UTC: $2K24 Jun 18:25–18:30 UTC: $99124 Jun 18:30–18:35 UTC: $024 Jun 18:35–18:40 UTC: $024 Jun 18:40–18:45 UTC: $1K18:4024 Jun 18:45–18:50 UTC: $8K24 Jun 18:50–18:55 UTC: $0

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

Facts

Started
24 Jun 2026, 16:45 UTC
Peak
5 minutes from 24 Jun 2026, 17:45 UTC
Ended
24 Jun 2026, 17:55 UTC
Duration
1 h 10 min
Positions liquidated
458 (458 liquidation events)
Normal level
Median hourly total $18K, 95th percentile $1.2M, over the 30 days before the day it started
Not valued
2 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$7.0M62%
GMX v2$2.1M19%
Aave v3$1.5M14%
Aave v4$642K6%
Spark$8K<1%
Compound v3$163<1%
By chain
ValuedShare
Base$6.7M60%
Ethereum$2.4M21%
Arbitrum$2.1M19%
By asset
ValuedShare
Bitcoin$8.2M73%
Ethereum$2.0M18%
Other$1.0M9%
Stablecoins$15K<1%

Sources

The largest transactions in the wave, on the chain's block explorer
TransactionVenueValue
0x99c98b89…840575 Morpho Blue (Base) $2.7M
0x603829b1…0c1076 Morpho Blue (Base) $1.9M
0x6ac12fdc…2bb1ee Morpho Blue (Base) $1.3M
0xba4272c0…0c86de GMX v2 (Arbitrum) $642K
0x1a9e73e4…05396e Aave v4 (Ethereum) $641K
0x158a6412…cd0b36 Aave v3 (Ethereum) $468K
0x5f1d2b5e…bc46c8 GMX v2 (Arbitrum) $357K
0x005654e6…41e596 Morpho Blue (Ethereum) $342K
0xe581b523…730dd0 Aave v3 (Ethereum) $222K
0x0bc029a6…3876b1 GMX v2 (Arbitrum) $192K

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