More than half of the liquidations ever recorded on Aave v3, the top DeFi lending market, took place over the past 24 hours amid a violent crypto market crash.
On July 5, $253.4 million worth of positions were liquidated on Aave v3, bringing the cumulative value of margin calls executed on the protocol to $428.9 million, according to Blockanalitica. As such, 59% of all recorded Aave v3 liquidations occurred within 24 hours.
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#undefined [Source: TheDefiant]