Liquidation wave · Closed
$51.3M on-chain liquidation wave, 13 Nov 2026
Magnitude
M 4.7
on-chain, scale v1
Liquidated
$51.3M
USD at the block
Busiest hour
$36.1M
to 13 Nov 2026, 04:05 UTC
Liquidations on Morpho Blue, Aave v3, GMX v2, Compound v3, Aave v4 and Spark (Base, Ethereum and Arbitrum) totalled $51.3M between 02:10 and 06:00 UTC on 13 Nov 2026. The busiest hour saw $36.1M. 2,107 positions were liquidated. 4 liquidations could not be valued and are not included.
Timeline
All covered venues, with an hour before and after the wave for comparison.
Facts
- Started
- 13 Nov 2026, 02:10 UTC
- Peak
- 5 minutes from 13 Nov 2026, 03:50 UTC
- Ended
- 13 Nov 2026, 06:00 UTC
- Duration
- 3 h 50 min
- Positions liquidated
- 2,107 (2,107 liquidation events)
- Normal level
- Median hourly total $8K, 95th percentile $511K, over the 30 days before the day it started
- Not valued
- 4 liquidations could not be valued and are not included
- Coverage
- On-chain DeFi venues only; verified automatically from the blockchain
| Valued | Share | |
|---|---|---|
| Morpho Blue | $30.4M | 59% |
| Aave v3 | $17.7M | 35% |
| GMX v2 | $2.6M | 5% |
| Compound v3 | $377K | <1% |
| Aave v4 | $228K | <1% |
| Spark | $3K | <1% |
| Valued | Share | |
|---|---|---|
| Base | $28.9M | 56% |
| Ethereum | $19.6M | 38% |
| Arbitrum | $2.8M | 5% |
| Valued | Share | |
|---|---|---|
| Bitcoin | $28.0M | 55% |
| Ethereum | $21.7M | 42% |
| Other | $1.1M | 2% |
| Stablecoins | $405K | <1% |
Sources
| Transaction | Venue | Value |
|---|---|---|
| 0xaa45423b…cc2a37 | Aave v3 (Ethereum) | $12.5M |
| 0x230477e1…9b6c30 | Morpho Blue (Base) | $4.5M |
| 0x6e5f49b9…ca3656 | Morpho Blue (Base) | $4.4M |
| 0x178252e9…0f4033 | Morpho Blue (Base) | $3.0M |
| 0xac593264…b05721 | Morpho Blue (Base) | $2.2M |
| 0x56734a74…ef83a5 | Morpho Blue (Ethereum) | $2.2M |
| 0x82ed4478…be9ce2 | Morpho Blue (Base) | $2.1M |
| 0x41844623…d7bf40 | Morpho Blue (Base) | $1.7M |
| 0xd8d4f61f…83f1f8 | Morpho Blue (Base) | $1.5M |
| 0x423b11a6…4822f2 | Aave v3 (Ethereum) | $1.4M |
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