Ethereum On-Chain Lending Markets Face $436M in Liquidations for August, Second-Largest in History

Quick Summary:

Ethereum on-chain lending markets liquidations August reached a staggering $436 million, marking the second-largest liquidation volume in history, as reported by The Block.

This significant surge in liquidations came as the price of ETH dropped by 22% over the course of the month.

To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Ethereum on-chain lending Latest News

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-04 @ 03:46:34 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 235 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22362926

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 26 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

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