Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Ethereum on-chain liquidation amount hits second highest level in history in August

CointimeCointime2024/09/04 03:30
By:Cointime

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.

0

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.

PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!