Liquidation wave · Closed
$10.6M on-chain liquidation wave, 2 Jul 2026
Magnitude
M 4.0
on-chain, scale v1
Liquidated
$10.6M
USD at the block
Liquidations on GMX v2, Aave v3 and Compound v3 (Arbitrum and Base) totalled $10.6M between 12:30 and 13:20 UTC on 2 Jul 2026. 66 positions were liquidated.
Timeline
All covered venues, with an hour before and after the wave for comparison.
Facts
- Started
- 2 Jul 2026, 12:30 UTC
- Peak
- 5 minutes from 2 Jul 2026, 12:30 UTC
- Ended
- 2 Jul 2026, 13:20 UTC
- Duration
- 50 min
- Positions liquidated
- 66 (66 liquidation events)
- Normal level
- Median hourly total $15K, 95th percentile $1.2M, over the 30 days before the day it started
- Coverage
- On-chain DeFi venues only; verified automatically from the blockchain
| Valued | Share | |
|---|---|---|
| GMX v2 | $10.6M | 100% |
| Aave v3 | $2 | <1% |
| Compound v3 | $0 | <1% |
| Valued | Share | |
|---|---|---|
| Arbitrum | $10.6M | 100% |
| Base | $0 | <1% |
| Valued | Share | |
|---|---|---|
| Bitcoin | $10.5M | 99% |
| Ethereum | $146K | 1% |
| Other | $2K | <1% |
Sources
| Transaction | Venue | Value |
|---|---|---|
| 0xf6a78f50…22be44 | GMX v2 (Arbitrum) | $10.4M |
| 0xee9694b0…4307a7 | GMX v2 (Arbitrum) | $73K |
| 0x194f5ec4…b40ae2 | GMX v2 (Arbitrum) | $53K |
| 0xa96fa5e6…fdeb04 | GMX v2 (Arbitrum) | $17K |
| 0xd93de3b5…d5f851 | GMX v2 (Arbitrum) | $5K |
| 0xf0ec1f00…eb3806 | GMX v2 (Arbitrum) | $3K |
| 0x58624006…24fbeb | GMX v2 (Arbitrum) | $3K |
| 0xcb9af63b…7eefec | GMX v2 (Arbitrum) | $3K |
| 0xe92f0467…87beaa | GMX v2 (Arbitrum) | $2K |
| 0x7cb50eff…eab8a1 | Aave v3 (Arbitrum) | $0 |
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