Ethereum on-chain liquidation amount hits second highest level in history in August
The total liquidation amount of Ethereum-based lending markets in August reached $436 million, with Aave accounting for $289 million, or about 66% of the total liquidation amount. This is the second-highest monthly liquidation amount in the history of Ethereum-based lending markets, second only to May 2021, when the liquidation amount was approximately $671 million. The reason for these unusually high on-chain loan liquidations is obvious: the price of ETH fell by 22% month-on-month in August, and even fell by 35% at the monthly low point.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Can Bitcoin price overcome the $60K 'double breakout' zone?
Internet Computer (ICP) Struggles To Challenge New Gambling ICO For Best ROI