News

DeFi Liquidations Eclipse $75M in 24 Hours, Breaking Records!

Key Points:

  • Parsec Finance reports record-breaking DeFi liquidation volume, surpassing $75 million in the past 24 hours.
  • Ethereum’s potential fall to $1,480 might lead to approximately $268 million in collateral liquidation.
  • Parsec’s real-time analytics provide insights into DeFi trends, liquidations, and market dynamics.
Parsec Finance has reported an unprecedented surge in DeFi liquidation volume over the last 24 hours.

According to data from Parsec, the liquidation volume in the DeFi space soared past an astounding $75 million, marking the highest point in liquidations witnessed throughout the year.

The surge in liquidation activity has garnered attention across the financial and cryptocurrency communities. DeFi platforms have been witnessing heightened volatility recently, prompting an increased number of liquidations as traders’ positions are automatically closed to manage risk. Parsec Finance, a leading player in the DeFi analytics and tracking sector, has been closely monitoring these developments.

Furthermore, Parsec’s data has also revealed another potential milestone on the horizon. If Ethereum (ETH), the second-largest cryptocurrency by market capitalization, experiences a dip and falls to approximately $1,480, an estimated $268 million worth of collateral could face liquidation. ETH’s price has been a focal point of discussion, as its fluctuations have far-reaching implications for the broader cryptocurrency market.

Traders, investors, and stakeholders are advised to keep a close watch on these developments and consider the potential impacts on their portfolios. Parsec Finance offers real-time insights into DeFi trends, liquidation activities, and market dynamics through its dashboard, making it an invaluable tool for staying informed in the fast-paced world of cryptocurrencies.

DeFi sector continues to evolve and gain prominence, occurrences like these shed light on the importance of risk management and the need for comprehensive analytics platforms. The current market landscape serves as a reminder of the inherent volatility within the cryptocurrency realm and the necessity of staying informed to make well-informed decisions.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

32 minutes ago

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

1 hour ago

Book of Meme Old News? This Best Meme Coin to Invest in 2024 Is Multiplying Gains Like a Champ

Over the years, meme coins have evolved from inside jokes into serious investment opportunities.

2 hours ago

Time’s Ticking on BlockDAG’s 5-Tier Bonus- Few Days Left to Grab It While Cardano Whales Take Action, Aave Rallies Strong

Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…

3 hours ago

Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution

Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…

3 hours ago

Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing Returns 

Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…

5 hours ago

This website uses cookies.