Seismograph by Cryptograph Club

Liquidation wave · Closed

$9.1M on-chain liquidation wave, 8 Oct 2026

Magnitude M 4.0 on-chain, scale v1
Liquidated $9.1M USD at the block
Busiest hour $5.9M to 8 Oct 2026, 16:10 UTC

Liquidations on Morpho Blue, GMX v2, Aave v3, Aave v4, Spark and Compound v3 (Base, Arbitrum and Ethereum) totalled $9.1M between 15:00 and 18:35 UTC on 8 Oct 2026. The busiest hour saw $5.9M. 1,669 positions were liquidated. 2 liquidations could not be valued and are not included.

Timeline

$0$1.0M$2.0M$3.0M8 Oct 14:00–14:05 UTC: $2K14:008 Oct 14:05–14:10 UTC: $08 Oct 14:10–14:15 UTC: $08 Oct 14:15–14:20 UTC: $08 Oct 14:20–14:25 UTC: $08 Oct 14:25–14:30 UTC: $08 Oct 14:30–14:35 UTC: $08 Oct 14:35–14:40 UTC: $1448 Oct 14:40–14:45 UTC: $19814:408 Oct 14:45–14:50 UTC: $4908 Oct 14:50–14:55 UTC: $13K8 Oct 14:55–15:00 UTC: $08 Oct 15:00–15:05 UTC: $90K8 Oct 15:05–15:10 UTC: $35K8 Oct 15:10–15:15 UTC: $853K8 Oct 15:15–15:20 UTC: $713K8 Oct 15:20–15:25 UTC: $2.2M15:208 Oct 15:25–15:30 UTC: $11K8 Oct 15:30–15:35 UTC: $217K8 Oct 15:35–15:40 UTC: $1.4M8 Oct 15:40–15:45 UTC: $558 Oct 15:45–15:50 UTC: $23K8 Oct 15:50–15:55 UTC: $65K8 Oct 15:55–16:00 UTC: $57K8 Oct 16:00–16:05 UTC: $202K16:008 Oct 16:05–16:10 UTC: $156K8 Oct 16:10–16:15 UTC: $18 Oct 16:15–16:20 UTC: $157K8 Oct 16:20–16:25 UTC: $11K8 Oct 16:25–16:30 UTC: $818 Oct 16:30–16:35 UTC: $11K8 Oct 16:35–16:40 UTC: $08 Oct 16:40–16:45 UTC: $016:408 Oct 16:45–16:50 UTC: $38K8 Oct 16:50–16:55 UTC: $376K8 Oct 16:55–17:00 UTC: $153K8 Oct 17:00–17:05 UTC: $621K8 Oct 17:05–17:10 UTC: $211K8 Oct 17:10–17:15 UTC: $82K8 Oct 17:15–17:20 UTC: $6638 Oct 17:20–17:25 UTC: $268K17:208 Oct 17:25–17:30 UTC: $324K8 Oct 17:30–17:35 UTC: $8K8 Oct 17:35–17:40 UTC: $08 Oct 17:40–17:45 UTC: $08 Oct 17:45–17:50 UTC: $10K8 Oct 17:50–17:55 UTC: $5K8 Oct 17:55–18:00 UTC: $5K8 Oct 18:00–18:05 UTC: $018:008 Oct 18:05–18:10 UTC: $3K8 Oct 18:10–18:15 UTC: $08 Oct 18:15–18:20 UTC: $08 Oct 18:20–18:25 UTC: $10K8 Oct 18:25–18:30 UTC: $08 Oct 18:30–18:35 UTC: $791K8 Oct 18:35–18:40 UTC: $08 Oct 18:40–18:45 UTC: $018:408 Oct 18:45–18:50 UTC: $38 Oct 18:50–18:55 UTC: $08 Oct 18:55–19:00 UTC: $08 Oct 19:00–19:05 UTC: $7K8 Oct 19:05–19:10 UTC: $2K8 Oct 19:10–19:15 UTC: $08 Oct 19:15–19:20 UTC: $2K8 Oct 19:20–19:25 UTC: $019:208 Oct 19:25–19:30 UTC: $08 Oct 19:30–19:35 UTC: $9K

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

Facts

Started
8 Oct 2026, 15:00 UTC
Peak
5 minutes from 8 Oct 2026, 15:20 UTC
Ended
8 Oct 2026, 18:35 UTC
Duration
3 h 35 min
Positions liquidated
1,669 (1,672 liquidation events)
Normal level
Median hourly total $14K, 95th percentile $365K, over the 30 days before the day it started
Not valued
2 liquidations could not be valued and are not included
Coverage
On-chain DeFi venues only; verified automatically from the blockchain
By venue
ValuedShare
Morpho Blue$4.1M46%
GMX v2$3.1M35%
Aave v3$868K10%
Aave v4$498K5%
Spark$371K4%
Compound v3$75K<1%
By chain
ValuedShare
Base$4.2M46%
Arbitrum$3.2M35%
Ethereum$1.7M19%
By asset
ValuedShare
Other$3.7M40%
Ethereum$3.5M38%
Bitcoin$2.0M22%
Stablecoins$9K<1%

Sources

The largest transactions in the wave, on the chain's block explorer
TransactionVenueValue
0xcbf6121f…e6a92e GMX v2 (Arbitrum) $530K
0x5cad6deb…d67aa0 Morpho Blue (Base) $508K
0xe55e36ba…ba80d0 GMX v2 (Arbitrum) $499K
0xab217ed6…87bf6e Aave v3 (Ethereum) $482K
0x02b50dd6…c9b9a6 Aave v4 (Ethereum) $460K
0x95480e22…9bc140 Spark (Ethereum) $371K
0x623d6da7…40607b Morpho Blue (Base) $299K
0x7d033a7d…06533d Morpho Blue (Base) $269K
0xc842f6b0…5aa143 GMX v2 (Arbitrum) $262K
0x58d129b2…27e779 Aave v3 (Ethereum) $187K

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