Decentralized finance (DeFi) lending platforms are seeing record-shattering volumes of liquidations. In the past 24 hours, DeFi liquidations have surpassed $39.25 million according to data from OKLink, a multi-chain blockchain explorer. DeFi lending protocol Aave has seen the most loan liquidations among lending platforms.
DeFi liquidations in the last 24 hours nearing alarming multi-month high levels
According to data from OKLink, DeFi lending liquidations in the last 24 hours have reached levels last seen in December last year. There have been over $39 million in DeFi liquidations across DeFi lending protocols. Ethereum based lending protocol, Aave has been the single biggest contributor to the metric having seen over $25 million worth of liquidations (over 60% of the total).
The daily move in liquidation has surpassed the total DeFi liquidations recorded in October and November which recorded $32.48 million and $33.77 million respectively according to data from The Block. However, t
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