Share this article
On-Chain Liquidations Beckon as Ether Slumps to 2-Month Low
A total of $119 million in on-chain positions are at risk of being liquidated if ether slides by another 20%.
Updated Mar 10, 2023, 8:36 p.m. Published Mar 10, 2023, 2:28 p.m.
Several on-chain positions are at risk of being liquidated following ether's (ETH) plunge to a two-month low of $1,373.
A $9.2 million position on MakerDAO will get liquidated at $1,367, while a $29.6 million position on decentralized-finance (DeFi) lender Compound will get liquidated by the protocol's smart contract at $1,241, according to DefiLlama data.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
On-chain liquidations occur when the value of collateral added by a user borrowing an asset slumps, and the user is then required to add more margin to avoid the collateral being liquidated. Conversely, the user will also risk liquidation if the value of the borrowed asset rises beyond borrowing capacity.
CoinDesk reported on Thursday that $300 million in derivatives positions on centralized exchanges had been liquidated and that number has now increased to $400 million according to Coinglass.
On decentralized exchanges and lending protocols, meanwhile, a total of $119.3 million is at risk of liquidation if the price of ether slumps by another 20%.
Ether is trading 18% lower than its February high of $1,745 and 71% lower than its record high of $4,876 in November 2021.
A slide in stocks, coupled with a regulatory clampdown on crypto, has sent the price of crypto assets spiraling. Bitcoin was down by 7.4% in the past 24 hours, trading at $20,050, according to CoinDesk data, as fears that the down market will continue intensify.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
DOT Sinks 2% After Breaking Key Support
The Polkadot token erased earlier gains amid elevated volume, falling from a high of $2.09 to $1.97.
What to know:
- DOT collapsed through ascending trendline support around the $2.05 level on a massive 284% volume surge.
- The token broke decisively below the support level to trade 2% lower over the last 24 hours.
Top Stories
