Liquidation wave · Live
$6.6M on-chain liquidation wave, 10 Nov 2026
Magnitude
M 3.8
on-chain, scale v1
Liquidated
$6.6M
USD at the block
Liquidations on Morpho Blue, Aave v3, GMX v2, Aave v4 and Spark (Base, Ethereum and Arbitrum) have totalled $6.6M since 15:30 UTC on 10 Nov 2026. The wave is ongoing. 811 positions were liquidated.
Timeline
All covered venues, with an hour before and after the wave for comparison.
Facts
- Started
- 10 Nov 2026, 15:30 UTC
- Peak
- 5 minutes from 10 Nov 2026, 15:40 UTC
- Ended
- Still going
- Duration
- Going on
- Positions liquidated
- 811 (811 liquidation events)
- Normal level
- Median hourly total $8K, 95th percentile $443K, over the 30 days before the day it started
- Coverage
- On-chain DeFi venues only; verified automatically from the blockchain
| Valued | Share | |
|---|---|---|
| Morpho Blue | $3.4M | 52% |
| Aave v3 | $2.4M | 37% |
| GMX v2 | $740K | 11% |
| Aave v4 | $3K | <1% |
| Spark | $2K | <1% |
| Valued | Share | |
|---|---|---|
| Base | $3.4M | 52% |
| Ethereum | $2.2M | 34% |
| Arbitrum | $896K | 14% |
| Valued | Share | |
|---|---|---|
| Ethereum | $3.6M | 54% |
| Bitcoin | $1.6M | 24% |
| Other | $1.5M | 22% |
| Stablecoins | $2 | <1% |
Sources
| Transaction | Venue | Value |
|---|---|---|
| 0xc5d9552b…ee5bb4 | Aave v3 (Ethereum) | $1.5M |
| 0x700798fa…8f2726 | Morpho Blue (Base) | $688K |
| 0xbafbcea2…aaa7e4 | Aave v3 (Ethereum) | $486K |
| 0xb9bb5917…f21615 | Morpho Blue (Base) | $468K |
| 0x716686e8…0bd907 | Morpho Blue (Base) | $356K |
| 0x60f818f7…2139da | Morpho Blue (Base) | $306K |
| 0x20159a22…16ef4b | Morpho Blue (Base) | $245K |
| 0xbbc73812…9c6006 | Morpho Blue (Base) | $228K |
| 0x3a68bdfb…5cedd3 | Morpho Blue (Base) | $208K |
| 0xc17c89ce…80faef | GMX v2 (Arbitrum) | $204K |
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