Seismograph by Cryptograph Club

Liquidation wave · Closed

$20.0M on-chain liquidation wave, 22 Aug 2026

Magnitude M 4.3 on-chain, scale v1
Liquidated $20.0M USD at the block
Busiest hour $19.9M to 22 Aug 2026, 06:05 UTC

Liquidations on GMX v2, Morpho Blue, Aave v3, Aave v4 and Spark (Arbitrum, Base and Ethereum) totalled $20.0M between 05:05 and 06:10 UTC on 22 Aug 2026. The busiest hour saw $19.9M. 226 positions were liquidated.

Timeline

$0$5.0M$10.0M$15.0M$20.0M22 Aug 04:05–04:10 UTC: $17K04:0522 Aug 04:10–04:15 UTC: $022 Aug 04:15–04:20 UTC: $16K22 Aug 04:20–04:25 UTC: $022 Aug 04:25–04:30 UTC: $33K22 Aug 04:30–04:35 UTC: $19K04:3022 Aug 04:35–04:40 UTC: $19K22 Aug 04:40–04:45 UTC: $1K22 Aug 04:45–04:50 UTC: $4K22 Aug 04:50–04:55 UTC: $18K22 Aug 04:55–05:00 UTC: $7K04:5522 Aug 05:00–05:05 UTC: $89022 Aug 05:05–05:10 UTC: $170K22 Aug 05:10–05:15 UTC: $19.1M22 Aug 05:15–05:20 UTC: $528K22 Aug 05:20–05:25 UTC: $4K05:2022 Aug 05:25–05:30 UTC: $1K22 Aug 05:30–05:35 UTC: $12K22 Aug 05:35–05:40 UTC: $8K22 Aug 05:40–05:45 UTC: $63K22 Aug 05:45–05:50 UTC: $2K05:4522 Aug 05:50–05:55 UTC: $29K22 Aug 05:55–06:00 UTC: $022 Aug 06:00–06:05 UTC: $022 Aug 06:05–06:10 UTC: $61K22 Aug 06:10–06:15 UTC: $16K06:1022 Aug 06:15–06:20 UTC: $022 Aug 06:20–06:25 UTC: $2K22 Aug 06:25–06:30 UTC: $022 Aug 06:30–06:35 UTC: $6K22 Aug 06:35–06:40 UTC: $92406:3522 Aug 06:40–06:45 UTC: $1K22 Aug 06:45–06:50 UTC: $5K22 Aug 06:50–06:55 UTC: $022 Aug 06:55–07:00 UTC: $022 Aug 07:00–07:05 UTC: $007:0022 Aug 07:05–07:10 UTC: $1K

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

Facts

Started
22 Aug 2026, 05:05 UTC
Peak
5 minutes from 22 Aug 2026, 05:10 UTC
Ended
22 Aug 2026, 06:10 UTC
Duration
1 h 5 min
Positions liquidated
226 (226 liquidation events)
Normal level
Median hourly total $4K, 95th percentile $255K, over the 30 days before the day it started
Coverage
On-chain DeFi venues only; verified automatically from the blockchain
By venue
ValuedShare
GMX v2$19.3M96%
Morpho Blue$654K3%
Aave v3$35K<1%
Aave v4$17K<1%
Spark$182<1%
By chain
ValuedShare
Arbitrum$19.3M97%
Base$650K3%
Ethereum$43K<1%
By asset
ValuedShare
Ethereum$17.9M89%
Other$2.1M11%
Bitcoin$4K<1%
Stablecoins$182<1%

Sources

The largest transactions in the wave, on the chain's block explorer
TransactionVenueValue
0x60b14ac3…86514e GMX v2 (Arbitrum) $17.3M
0x726c7c2d…13c24e GMX v2 (Arbitrum) $498K
0x45825359…a865f0 GMX v2 (Arbitrum) $461K
0x8bdcbc5b…fcdb79 Morpho Blue (Base) $114K
0x6f65d36e…1e8abb Morpho Blue (Base) $82K
0x74fcb65b…7accab GMX v2 (Arbitrum) $82K
0xab3a3880…fead27 Morpho Blue (Base) $62K
0x355f72ab…c6dbf5 Morpho Blue (Base) $58K
0xfdc3119b…54f2d5 GMX v2 (Arbitrum) $43K
0x62164d37…9bc87a GMX v2 (Arbitrum) $38K

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