Liquidation wave · Closed
$6.5M on-chain liquidation wave, 10 Sep 2026
Magnitude
M 3.8
on-chain, scale v1
Liquidated
$6.5M
USD at the block
Liquidations on GMX v2, Morpho Blue and Aave v3 (Arbitrum, Base and Ethereum) totalled $6.5M between 12:30 and 12:50 UTC on 10 Sep 2026. 59 positions were liquidated.
Timeline
All covered venues, with an hour before and after the wave for comparison.
Facts
- Started
- 10 Sep 2026, 12:30 UTC
- Peak
- 5 minutes from 10 Sep 2026, 12:35 UTC
- Ended
- 10 Sep 2026, 12:50 UTC
- Duration
- 20 min
- Positions liquidated
- 59 (59 liquidation events)
- Normal level
- Median hourly total $11K, 95th percentile $374K, over the 30 days before the day it started
- Coverage
- On-chain DeFi venues only; verified automatically from the blockchain
| Valued | Share | |
|---|---|---|
| GMX v2 | $6.5M | 100% |
| Morpho Blue | $4K | <1% |
| Aave v3 | $4K | <1% |
| Valued | Share | |
|---|---|---|
| Arbitrum | $6.5M | 100% |
| Base | $6K | <1% |
| Ethereum | $14 | <1% |
| Valued | Share | |
|---|---|---|
| Ethereum | $4.0M | 61% |
| Bitcoin | $2.3M | 35% |
| Other | $225K | 3% |
Sources
| Transaction | Venue | Value |
|---|---|---|
| 0xe9d56c37…69229c | GMX v2 (Arbitrum) | $3.9M |
| 0x93964117…4237e6 | GMX v2 (Arbitrum) | $2.0M |
| 0x726b607a…86bad4 | GMX v2 (Arbitrum) | $113K |
| 0x9717e004…9f07e1 | GMX v2 (Arbitrum) | $90K |
| 0xd03d824c…3cc24e | GMX v2 (Arbitrum) | $81K |
| 0x57051885…fdfd09 | GMX v2 (Arbitrum) | $36K |
| 0xe3f6748f…52db84 | GMX v2 (Arbitrum) | $29K |
| 0x8149ef3d…608451 | GMX v2 (Arbitrum) | $29K |
| 0x13d34dd3…734808 | GMX v2 (Arbitrum) | $24K |
| 0x71944e73…b08c7c | GMX v2 (Arbitrum) | $23K |
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