Liquidation wave · Closed
$5.4M on-chain liquidation wave, 18 Aug 2026
Magnitude
M 3.7
on-chain, scale v1
Liquidated
$5.4M
USD at the block
Liquidations on GMX v2 and Morpho Blue (Arbitrum and Base) totalled $5.4M between 14:25 and 14:30 UTC on 18 Aug 2026. 7 positions were liquidated.
Timeline
All covered venues, with an hour before and after the wave for comparison.
Facts
- Started
- 18 Aug 2026, 14:25 UTC
- Peak
- 5 minutes from 18 Aug 2026, 14:25 UTC
- Ended
- 18 Aug 2026, 14:30 UTC
- Duration
- 5 min
- Positions liquidated
- 7 (7 liquidation events)
- Normal level
- Median hourly total $3K, 95th percentile $125K, over the 30 days before the day it started
- Coverage
- On-chain DeFi venues only; verified automatically from the blockchain
| Valued | Share | |
|---|---|---|
| GMX v2 | $5.4M | 100% |
| Morpho Blue | $6 | <1% |
| Valued | Share | |
|---|---|---|
| Arbitrum | $5.4M | 100% |
| Base | $6 | <1% |
| Valued | Share | |
|---|---|---|
| Bitcoin | $5.4M | 100% |
| Ethereum | $2K | <1% |
| Stablecoins | $6 | <1% |
Sources
| Transaction | Venue | Value |
|---|---|---|
| 0x244f5561…af1e4c | GMX v2 (Arbitrum) | $5.3M |
| 0x56838d0e…00af4e | GMX v2 (Arbitrum) | $39K |
| 0xab87a45f…5f80da | GMX v2 (Arbitrum) | $38K |
| 0x78297367…318496 | GMX v2 (Arbitrum) | $2K |
| 0x64819ff4…1e5205 | GMX v2 (Arbitrum) | $1K |
| 0x5639003c…15f163 | GMX v2 (Arbitrum) | $774 |
| 0x0dfd3b50…5e78a1 | Morpho Blue (Base) | $6 |
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