Liquidation volume

Overview

liquidation volume measures the total USD value of debt covered or positions force-closed in liquidations across lending and derivatives markets

Data sources

• Smart contract events capturing liquidation activity and loan state changes
• End-of-day price feeds for USD conversion
• Asset metadata for decimal normalization

Common calculation approaches

Liquidation event extraction

Specific liquidation events are extracted from lending pool contracts to identify the repayment of undercollateralized debt. For example, LiquidationCall events are captured from contracts associated with Aave, Fathom, and HyperLend to determine the total value of debt assets covered by external liquidators.

Loan settlement tracking

Liquidation activity is identified by monitoring loan lifecycle events from lending platforms. On projects such as Chainflip, events including LoanSettled and LoanRepaid are analyzed to distinguish debt settled through liquidation processes from standard user repayments, ensuring only force-closed positions are included in the volume.

Note: The calculation approaches and protocol examples above are representative patterns. Individual protocol implementations may vary.