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Ethereum On-Chain Lending Markets Face $436M in Liquidations for August, Second-Largest in History

Ethereum On-Chain Lending Markets Face $436M in Liquidations for August, Second-Largest in History


Bitcoin World
2024-09-04 03:46:34

Ethereum on-chain lending markets liquidations August reached a staggering $436 million, marking the second-largest liquidation volume in history, as reported by The Block. This significant surge in liquidations came as the price of ETH dropped by 22% over the course of the month. Decentralized lending protocol Aave bore the brunt of the liquidations, accounting for


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