Seismograph by Cryptograph Club

Liquidation wave · Closed

$31.5M on-chain liquidation wave, 8 Nov 2026

Magnitude M 4.5 on-chain, scale v1
Liquidated $31.5M USD at the block
Busiest hour $31.4M to 8 Nov 2026, 22:15 UTC

Liquidations on Morpho Blue, Aave v3, GMX v2, Compound v3 and Aave v4 (Base, Ethereum and Arbitrum) totalled $31.5M between 21:15 and 22:35 UTC on 8 Nov 2026. The busiest hour saw $31.4M. 1,811 positions were liquidated. 3 liquidations could not be valued and are not included.

Timeline

$0$10.0M$20.0M$30.0M8 Nov 20:15–20:20 UTC: $020:158 Nov 20:20–20:25 UTC: $08 Nov 20:25–20:30 UTC: $08 Nov 20:30–20:35 UTC: $08 Nov 20:35–20:40 UTC: $7K8 Nov 20:40–20:45 UTC: $020:408 Nov 20:45–20:50 UTC: $08 Nov 20:50–20:55 UTC: $08 Nov 20:55–21:00 UTC: $08 Nov 21:00–21:05 UTC: $08 Nov 21:05–21:10 UTC: $021:058 Nov 21:10–21:15 UTC: $08 Nov 21:15–21:20 UTC: $606K8 Nov 21:20–21:25 UTC: $08 Nov 21:25–21:30 UTC: $1948 Nov 21:30–21:35 UTC: $021:308 Nov 21:35–21:40 UTC: $08 Nov 21:40–21:45 UTC: $14K8 Nov 21:45–21:50 UTC: $528K8 Nov 21:50–21:55 UTC: $1.3M8 Nov 21:55–22:00 UTC: $28.7M21:558 Nov 22:00–22:05 UTC: $14K8 Nov 22:05–22:10 UTC: $196K8 Nov 22:10–22:15 UTC: $08 Nov 22:15–22:20 UTC: $08 Nov 22:20–22:25 UTC: $022:208 Nov 22:25–22:30 UTC: $08 Nov 22:30–22:35 UTC: $162K8 Nov 22:35–22:40 UTC: $39K8 Nov 22:40–22:45 UTC: $2K8 Nov 22:45–22:50 UTC: $022:458 Nov 22:50–22:55 UTC: $08 Nov 22:55–23:00 UTC: $08 Nov 23:00–23:05 UTC: $1K8 Nov 23:05–23:10 UTC: $87K8 Nov 23:10–23:15 UTC: $93423:108 Nov 23:15–23:20 UTC: $5K8 Nov 23:20–23:25 UTC: $08 Nov 23:25–23:30 UTC: $08 Nov 23:30–23:35 UTC: $0

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

Facts

Started
8 Nov 2026, 21:15 UTC
Peak
5 minutes from 8 Nov 2026, 21:55 UTC
Ended
8 Nov 2026, 22:35 UTC
Duration
1 h 20 min
Positions liquidated
1,811 (1,811 liquidation events)
Normal level
Median hourly total $7K, 95th percentile $365K, over the 30 days before the day it started
Not valued
3 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$19.0M60%
Aave v3$8.5M27%
GMX v2$2.0M6%
Compound v3$1.9M6%
Aave v4$216K<1%
By chain
ValuedShare
Base$16.7M53%
Ethereum$12.6M40%
Arbitrum$2.2M7%
By asset
ValuedShare
Ethereum$16.9M54%
Bitcoin$11.7M37%
Other$2.9M9%

Sources

The largest transactions in the wave, on the chain's block explorer
TransactionVenueValue
0x2d389963…d09be0 Morpho Blue (Base) $7.0M
0xd58942a2…b0136e Aave v3 (Ethereum) $2.8M
0xeb94c5e7…8af422 Aave v3 (Ethereum) $2.8M
0x7dea97bd…f07e63 Morpho Blue (Ethereum) $2.5M
0x4a5d0666…ffddb2 Morpho Blue (Base) $1.7M
0x672c9844…17364f Aave v3 (Ethereum) $1.5M
0xb092daab…605110 Compound v3 (Base) $1.1M
0x2e4f0553…706d5f Morpho Blue (Base) $867K
0xceb7f68d…ea88aa Compound v3 (Ethereum) $737K
0xed7a6f72…ade2ad Morpho Blue (Base) $478K

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