{"id":12556,"date":"2024-04-15T12:32:00","date_gmt":"2024-04-15T09:32:00","guid":{"rendered":"https:\/\/forklog.com\/en\/ethereum-lending-protocol-liquidations-surpass-127-million\/"},"modified":"2024-04-15T12:32:00","modified_gmt":"2024-04-15T09:32:00","slug":"ethereum-lending-protocol-liquidations-surpass-127-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ethereum-lending-protocol-liquidations-surpass-127-million\/","title":{"rendered":"Ethereum Lending Protocol Liquidations Surpass $127 Million"},"content":{"rendered":"<p>In the first two weeks of April, the volume of liquidated positions in Ethereum&#8217;s lending markets reached $127.8 million, exceeding monthly figures not seen since at least June 2022, according to <a href=\"https:\/\/www.theblock.co\/post\/288212\/aprils-first-two-weeks-saw-more-ethereum-loans-liquidated-than-any-month-since-june-2022\">The Block<\/a>.<\/p>\n<p>The dramatic events of summer 2022 were driven by investors&#8217; reactions to the collapse of Terra. <\/p>\n<p>The publication noted that the surge in liquidations was triggered by a cryptocurrency price crash on April 12\u201313. <\/p>\n<p>The vast majority of liquidations were attributed to the Aave protocol ($79.4 million) and Compound (~$48.3 million).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-987.webp\" alt=\"1-987\" class=\"wp-image-230533\"\/><figcaption class=\"wp-element-caption\">Data: The Block.<\/figcaption><\/figure>\n<p>The price drop of Curve (CRV) also threatened the loan of the project&#8217;s founder, Mikhail Egorov. The entrepreneur managed to avoid a negative outcome and stated his intention to reduce his risks, according to The Block.<\/p>\n<p>According to <a href=\"https:\/\/www.coinglass.com\/ru\/LiquidationData\">Coinglass<\/a>, from April 12\u201314, the volume of liquidations in the crypto derivatives market amounted to nearly $2.1 billion. <\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"245\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-763-1024x245.png\" alt=\"2-763\" class=\"wp-image-230534\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/2-763-1024x245.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/2-763-300x72.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/2-763-768x184.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/2-763.png 1399w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: Coinglass.<\/figcaption><\/figure>\n<p>Former BitMEX CEO Arthur Hayes suggested that Bitcoin could fall before and after the halving, while also calling the event a bullish catalyst for the market in the medium term.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the first two weeks of April, the volume of liquidated positions in Ethereum&#8217;s lending markets reached $127.8 million, exceeding monthly figures not seen since at least June 2022, according to The Block. The dramatic events of summer 2022 were driven by investors&#8217; reactions to the collapse of Terra. The publication noted that the surge [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12555,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1212,1494,1426,1093,46,1145],"class_list":["post-12556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-aave","tag-compound-comp","tag-curve-crv","tag-defi","tag-ethereum","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=12556"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12556\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/12555"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=12556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=12556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=12556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}