Seismograph by Cryptograph Club

Liquidation wave · Closed

$13.5M on-chain liquidation wave, 19 Aug 2026

Magnitude M 4.1 on-chain, scale v1
Liquidated $13.5M USD at the block
Busiest hour $8.1M to 19 Aug 2026, 21:10 UTC

Liquidations on GMX v2, Aave v3, Aave v4, Morpho Blue and Compound v3 (Arbitrum, Ethereum and Base) totalled $13.5M between 14:50 and 21:10 UTC on 19 Aug 2026. The busiest hour saw $8.1M. 379 positions were liquidated.

Timeline

$0$2.0M$4.0M$6.0M$8.0M19 Aug 13:50–13:55 UTC: $013:5019 Aug 13:55–14:00 UTC: $43119 Aug 14:00–14:05 UTC: $2K19 Aug 14:05–14:10 UTC: $37819 Aug 14:10–14:15 UTC: $619 Aug 14:15–14:20 UTC: $38K19 Aug 14:20–14:25 UTC: $019 Aug 14:25–14:30 UTC: $019 Aug 14:30–14:35 UTC: $019 Aug 14:35–14:40 UTC: $9419 Aug 14:40–14:45 UTC: $019 Aug 14:45–14:50 UTC: $14K19 Aug 14:50–14:55 UTC: $203K14:5019 Aug 14:55–15:00 UTC: $151K19 Aug 15:00–15:05 UTC: $16K19 Aug 15:05–15:10 UTC: $1.7M19 Aug 15:10–15:15 UTC: $44K19 Aug 15:15–15:20 UTC: $019 Aug 15:20–15:25 UTC: $196K19 Aug 15:25–15:30 UTC: $2.6M19 Aug 15:30–15:35 UTC: $019 Aug 15:35–15:40 UTC: $13K19 Aug 15:40–15:45 UTC: $49K19 Aug 15:45–15:50 UTC: $019 Aug 15:50–15:55 UTC: $015:5019 Aug 15:55–16:00 UTC: $2K19 Aug 16:00–16:05 UTC: $31K19 Aug 16:05–16:10 UTC: $019 Aug 16:10–16:15 UTC: $019 Aug 16:15–16:20 UTC: $3K19 Aug 16:20–16:25 UTC: $019 Aug 16:25–16:30 UTC: $019 Aug 16:30–16:35 UTC: $019 Aug 16:35–16:40 UTC: $18K19 Aug 16:40–16:45 UTC: $019 Aug 16:45–16:50 UTC: $019 Aug 16:50–16:55 UTC: $4K16:5019 Aug 16:55–17:00 UTC: $019 Aug 17:00–17:05 UTC: $8K19 Aug 17:05–17:10 UTC: $019 Aug 17:10–17:15 UTC: $019 Aug 17:15–17:20 UTC: $20119 Aug 17:20–17:25 UTC: $019 Aug 17:25–17:30 UTC: $019 Aug 17:30–17:35 UTC: $019 Aug 17:35–17:40 UTC: $019 Aug 17:40–17:45 UTC: $019 Aug 17:45–17:50 UTC: $9K19 Aug 17:50–17:55 UTC: $017:5019 Aug 17:55–18:00 UTC: $019 Aug 18:00–18:05 UTC: $019 Aug 18:05–18:10 UTC: $019 Aug 18:10–18:15 UTC: $019 Aug 18:15–18:20 UTC: $019 Aug 18:20–18:25 UTC: $019 Aug 18:25–18:30 UTC: $69119 Aug 18:30–18:35 UTC: $019 Aug 18:35–18:40 UTC: $019 Aug 18:40–18:45 UTC: $019 Aug 18:45–18:50 UTC: $019 Aug 18:50–18:55 UTC: $46K18:5019 Aug 18:55–19:00 UTC: $019 Aug 19:00–19:05 UTC: $019 Aug 19:05–19:10 UTC: $4K19 Aug 19:10–19:15 UTC: $93K19 Aug 19:15–19:20 UTC: $29K19 Aug 19:20–19:25 UTC: $4K19 Aug 19:25–19:30 UTC: $66K19 Aug 19:30–19:35 UTC: $15K19 Aug 19:35–19:40 UTC: $019 Aug 19:40–19:45 UTC: $019 Aug 19:45–19:50 UTC: $019 Aug 19:50–19:55 UTC: $019:5019 Aug 19:55–20:00 UTC: $019 Aug 20:00–20:05 UTC: $5K19 Aug 20:05–20:10 UTC: $106K19 Aug 20:10–20:15 UTC: $019 Aug 20:15–20:20 UTC: $019 Aug 20:20–20:25 UTC: $019 Aug 20:25–20:30 UTC: $30K19 Aug 20:30–20:35 UTC: $1419 Aug 20:35–20:40 UTC: $019 Aug 20:40–20:45 UTC: $019 Aug 20:45–20:50 UTC: $5K19 Aug 20:50–20:55 UTC: $1.4M20:5019 Aug 20:55–21:00 UTC: $11219 Aug 21:00–21:05 UTC: $156K19 Aug 21:05–21:10 UTC: $6.5M19 Aug 21:10–21:15 UTC: $16K19 Aug 21:15–21:20 UTC: $1K19 Aug 21:20–21:25 UTC: $6K19 Aug 21:25–21:30 UTC: $21K19 Aug 21:30–21:35 UTC: $5K19 Aug 21:35–21:40 UTC: $519 Aug 21:40–21:45 UTC: $019 Aug 21:45–21:50 UTC: $41K19 Aug 21:50–21:55 UTC: $021:5019 Aug 21:55–22:00 UTC: $4519 Aug 22:00–22:05 UTC: $38819 Aug 22:05–22:10 UTC: $1K

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

Facts

Started
19 Aug 2026, 14:50 UTC
Peak
5 minutes from 19 Aug 2026, 21:05 UTC
Ended
19 Aug 2026, 21:10 UTC
Duration
6 h 20 min
Positions liquidated
379 (380 liquidation events)
Normal level
Median hourly total $3K, 95th percentile $125K, over the 30 days before the day it started
Merged
1 later wave started less than 6 hours after this one ended and is counted here
Coverage
On-chain DeFi venues only; verified automatically from the blockchain
By venue
ValuedShare
GMX v2$7.5M56%
Aave v3$5.7M42%
Aave v4$184K1%
Morpho Blue$42K<1%
Compound v3$348<1%
By chain
ValuedShare
Arbitrum$7.6M56%
Ethereum$5.5M41%
Base$394K3%
By asset
ValuedShare
Stablecoins$5.2M39%
Bitcoin$4.1M30%
Ethereum$3.5M26%
Other$738K5%

Sources

The largest transactions in the wave, on the chain's block explorer
TransactionVenueValue
0xc779066b…c692c2 Aave v3 (Ethereum) $3.2M
0xbfe820b2…0fa6a7 GMX v2 (Arbitrum) $1.2M
0x873656cf…a3cec5 Aave v3 (Ethereum) $1.1M
0x26479799…6307e6 GMX v2 (Arbitrum) $1.1M
0xde32487f…1000be GMX v2 (Arbitrum) $942K
0x25552f9d…30f4ee Aave v3 (Ethereum) $271K
0xbe692943…1c1ac4 GMX v2 (Arbitrum) $259K
0x11ecf2b7…6ab52a GMX v2 (Arbitrum) $244K
0xf555867a…3d39d9 Aave v3 (Ethereum) $210K
0x1fa3bed5…d750c2 Aave v3 (Base) $180K

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