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Ethereum on-chain liquidation amount hits second highest level in history in August
2024-09-04 01:58
Odaily News The total liquidation of the Ethereum on-chain lending market in August reached US$436 million, of which Aave accounted for US$289 million, or about 66% of the total liquidation. This is the second-highest monthly liquidation amount in Ethereum on-chain lending market in history, only lower than May 2021, when the liquidation amount was about US$671 million. The reason for these abnormally high on-chain loan liquidations is obvious: the price of ETH fell 22% month-on-month in August, and even fell 35% month-on-month at its monthly low. (TheBlock)
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