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The Defiant 2025-02-04 11:27:17

DeFi Lenders Processed Nearly $300 Million of Liquidations on Feb. 3

As crypto markets plunged on Monday, DeFi lenders, including Aave, Compound, and Sky, each liquidated $207.84 million, $78 million, and $7.61 million, respectively, for a total of $293 million. ETH liquidations on Compound and Aave were around $140.78 million on Feb. 3. This was followed by wBTC with $45 million liquidated on Compound and Aave. This marks the largest daily liquidations ever on Compound, and the second largest on Aave V3 after August 2024. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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