According to BlockBeats, on September 4, the total liquidation amount of the Ethereum on-chain lending market in August reached US$436 million, of which Aave accounted for US$289 million, or about 66% of the total liquidation amount.
This is the second-highest monthly Ethereum on-chain lending market liquidation amount in history, only lower than May 2021, when the liquidation amount was approximately US$671 million.
The reason for these unusually high on-chain loan liquidations is obvious: the price of ETH fell 22% month-on-month in August, and even fell 35% month-on-month at its lowest point in the month. (The Block)
