Seismograph by Cryptograph Club

Liquidation wave · Closed

$24.3M on-chain liquidation wave, 25 Jun 2026

Magnitude M 4.4 on-chain, scale v1
Liquidated $24.3M USD at the block

Liquidations on Morpho Blue, Aave v3, GMX v2, Compound v3, Spark and Aave v4 (Base, Ethereum and Arbitrum) totalled $24.3M between 13:45 and 14:35 UTC on 25 Jun 2026. 714 positions were liquidated. 7 liquidations could not be valued and are not included.

Timeline

$0$5.0M$10.0M$15.0M25 Jun 12:45–12:50 UTC: $012:4525 Jun 12:50–12:55 UTC: $025 Jun 12:55–13:00 UTC: $025 Jun 13:00–13:05 UTC: $17425 Jun 13:05–13:10 UTC: $013:0525 Jun 13:10–13:15 UTC: $025 Jun 13:15–13:20 UTC: $1K25 Jun 13:20–13:25 UTC: $025 Jun 13:25–13:30 UTC: $013:2525 Jun 13:30–13:35 UTC: $13825 Jun 13:35–13:40 UTC: $1K25 Jun 13:40–13:45 UTC: $35K25 Jun 13:45–13:50 UTC: $144K13:4525 Jun 13:50–13:55 UTC: $9.2M25 Jun 13:55–14:00 UTC: $14.4M25 Jun 14:00–14:05 UTC: $197K25 Jun 14:05–14:10 UTC: $9K14:0525 Jun 14:10–14:15 UTC: $395K25 Jun 14:15–14:20 UTC: $2K25 Jun 14:20–14:25 UTC: $7125 Jun 14:25–14:30 UTC: $2514:2525 Jun 14:30–14:35 UTC: $44K25 Jun 14:35–14:40 UTC: $2K25 Jun 14:40–14:45 UTC: $025 Jun 14:45–14:50 UTC: $11K14:4525 Jun 14:50–14:55 UTC: $025 Jun 14:55–15:00 UTC: $025 Jun 15:00–15:05 UTC: $4K25 Jun 15:05–15:10 UTC: $015:0525 Jun 15:10–15:15 UTC: $025 Jun 15:15–15:20 UTC: $4K25 Jun 15:20–15:25 UTC: $025 Jun 15:25–15:30 UTC: $015:2525 Jun 15:30–15:35 UTC: $2K

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

Facts

Started
25 Jun 2026, 13:45 UTC
Peak
5 minutes from 25 Jun 2026, 13:55 UTC
Ended
25 Jun 2026, 14:35 UTC
Duration
50 min
Positions liquidated
714 (716 liquidation events)
Normal level
Median hourly total $18K, 95th percentile $1.3M, over the 30 days before the day it started
Not valued
7 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$11.9M49%
Aave v3$6.7M28%
GMX v2$3.3M14%
Compound v3$2.2M9%
Spark$75K<1%
Aave v4$50K<1%
By chain
ValuedShare
Base$10.6M44%
Ethereum$10.2M42%
Arbitrum$3.5M14%
By asset
ValuedShare
Bitcoin$17.5M72%
Ethereum$4.6M19%
Other$2.2M9%
Stablecoins$6K<1%

Sources

The largest transactions in the wave, on the chain's block explorer
TransactionVenueValue
0x1f700401…131e58 Aave v3 (Ethereum) $3.7M
0xf280ae87…696ddc Morpho Blue (Base) $2.6M
0x3a0a4b5e…16e5a1 Compound v3 (Ethereum) $2.1M
0x766e7991…3c0bb6 GMX v2 (Arbitrum) $1.6M
0x259f3c26…c0f62d Morpho Blue (Ethereum) $1.0M
0x005e8095…c39e31 Morpho Blue (Base) $827K
0x3cd143f7…b0e874 Morpho Blue (Base) $777K
0x49e33d23…20aefb Morpho Blue (Base) $711K
0xda454b26…de65a4 Morpho Blue (Base) $706K
0x79b8d43b…a65c67 Aave v3 (Ethereum) $703K

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