Seismograph by Cryptograph Club

Liquidation wave · Closed

$25.0M on-chain liquidation wave, 4 Nov 2026

Magnitude M 4.4 on-chain, scale v1
Liquidated $25.0M USD at the block

Liquidations on Aave v3, GMX v2, Morpho Blue and Compound v3 (Ethereum, Arbitrum and Base) totalled $25.0M between 14:45 and 15:20 UTC on 4 Nov 2026. 36 positions were liquidated.

Timeline

$0$10.0M$20.0M$30.0M4 Nov 13:45–13:50 UTC: $013:454 Nov 13:50–13:55 UTC: $04 Nov 13:55–14:00 UTC: $04 Nov 14:00–14:05 UTC: $5K4 Nov 14:05–14:10 UTC: $014:054 Nov 14:10–14:15 UTC: $04 Nov 14:15–14:20 UTC: $64 Nov 14:20–14:25 UTC: $04 Nov 14:25–14:30 UTC: $014:254 Nov 14:30–14:35 UTC: $04 Nov 14:35–14:40 UTC: $04 Nov 14:40–14:45 UTC: $25K4 Nov 14:45–14:50 UTC: $24.4M14:454 Nov 14:50–14:55 UTC: $1234 Nov 14:55–15:00 UTC: $1K4 Nov 15:00–15:05 UTC: $150K4 Nov 15:05–15:10 UTC: $11K15:054 Nov 15:10–15:15 UTC: $10K4 Nov 15:15–15:20 UTC: $393K4 Nov 15:20–15:25 UTC: $04 Nov 15:25–15:30 UTC: $4K15:254 Nov 15:30–15:35 UTC: $04 Nov 15:35–15:40 UTC: $04 Nov 15:40–15:45 UTC: $8K4 Nov 15:45–15:50 UTC: $015:454 Nov 15:50–15:55 UTC: $1064 Nov 15:55–16:00 UTC: $2K4 Nov 16:00–16:05 UTC: $9K4 Nov 16:05–16:10 UTC: $15616:054 Nov 16:10–16:15 UTC: $6K4 Nov 16:15–16:20 UTC: $0

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

Facts

Started
4 Nov 2026, 14:45 UTC
Peak
5 minutes from 4 Nov 2026, 14:45 UTC
Ended
4 Nov 2026, 15:20 UTC
Duration
35 min
Positions liquidated
36 (36 liquidation events)
Normal level
Median hourly total $8K, 95th percentile $364K, over the 30 days before the day it started
Coverage
On-chain DeFi venues only; verified automatically from the blockchain
By venue
ValuedShare
Aave v3$24.3M97%
GMX v2$663K3%
Morpho Blue$315<1%
Compound v3$114<1%
By chain
ValuedShare
Ethereum$24.3M97%
Arbitrum$663K3%
Base$315<1%
By asset
ValuedShare
Stablecoins$24.3M97%
Bitcoin$449K2%
Ethereum$121K<1%
Other$93K<1%

Sources

The largest transactions in the wave, on the chain's block explorer
TransactionVenueValue
0xf5ff0c71…34a3eb Aave v3 (Ethereum) $24.3M
0xa099aea3…360c7a GMX v2 (Arbitrum) $393K
0x4c9a7372…c01ef2 GMX v2 (Arbitrum) $75K
0x1facb463…4dc512 GMX v2 (Arbitrum) $59K
0xbcbf8d45…4f89ed GMX v2 (Arbitrum) $40K
0xdb118bf5…e88fb1 GMX v2 (Arbitrum) $18K
0x940df7f3…9ae62d GMX v2 (Arbitrum) $10K
0x7d2cb6c1…ddf401 GMX v2 (Arbitrum) $7K
0x68209cec…38caf0 GMX v2 (Arbitrum) $6K
0x7dddaca0…daaa81 GMX v2 (Arbitrum) $6K

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