Liquidation wave · Live
$6.5M on-chain liquidation wave, 12 Nov 2026
Magnitude
M 3.8
on-chain, scale v1
Liquidated
$6.5M
USD at the block
Liquidations on Morpho Blue, GMX v2, Aave v3 and Compound v3 (Base, Arbitrum and Ethereum) have totalled $6.5M since 14:10 UTC on 12 Nov 2026. The wave is ongoing. 702 positions were liquidated.
Timeline
All covered venues, with an hour before and after the wave for comparison.
Facts
- Started
- 12 Nov 2026, 14:10 UTC
- Peak
- 5 minutes from 12 Nov 2026, 14:25 UTC
- Ended
- Still going
- Duration
- Going on
- Positions liquidated
- 702 (703 liquidation events)
- Normal level
- Median hourly total $8K, 95th percentile $456K, over the 30 days before the day it started
- Coverage
- On-chain DeFi venues only; verified automatically from the blockchain
| Valued | Share | |
|---|---|---|
| Morpho Blue | $6.2M | 95% |
| GMX v2 | $273K | 4% |
| Aave v3 | $81K | 1% |
| Compound v3 | $5K | <1% |
| Valued | Share | |
|---|---|---|
| Base | $6.2M | 95% |
| Arbitrum | $275K | 4% |
| Ethereum | $32K | <1% |
| Valued | Share | |
|---|---|---|
| Bitcoin | $6.2M | 94% |
| Other | $256K | 4% |
| Ethereum | $112K | 2% |
Sources
| Transaction | Venue | Value |
|---|---|---|
| 0xdb814109…b870e5 | Morpho Blue (Base) | $1.3M |
| 0x973a5355…73d75b | Morpho Blue (Base) | $1.3M |
| 0x95afa922…da731e | Morpho Blue (Base) | $852K |
| 0x13ed0e71…b76a6c | Morpho Blue (Base) | $755K |
| 0x6e0fcea2…36c22e | Morpho Blue (Base) | $638K |
| 0xd7de29b6…d02880 | Morpho Blue (Base) | $393K |
| 0xb495738d…a81fcb | Morpho Blue (Base) | $384K |
| 0x464b3ca5…e93fc5 | Morpho Blue (Base) | $201K |
| 0xc22b71c8…1c5fb4 | Morpho Blue (Base) | $145K |
| 0x3714d07b…a9cadb | GMX v2 (Arbitrum) | $76K |
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