Defi platforms see over $5.4m in liquidations as Ethereum decl | DeFi Updates
Defi platforms see over $5.4m in liquidations as Ethereum declines
Ethereum took the most brutal hit, accounting for $4.2 million of the total liquidations. According to data from Parsec, a further threat of destabilization if ETH drops to $3,008 could trigger an additional $24 million in liquidations. On-chain derivatives exchanges such as GMX, Kwenta, and Polynomial have been at the center of these liquidations, which cumulatively triggered over $52 million in the past day alone.
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