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

Bitcoin Spot ETF Outflows Reach Second Highest in History

Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…

3 hours ago

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

5 hours ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

7 hours ago

Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…

8 hours ago

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

11 hours ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

14 hours ago

This website uses cookies.