Performance Metrics - Drift protocol 处理了 70 million 美元的清算，仅有 18 thousand 美元的社会化损失，损失率仅为 0.026% [1] - 保险基金为用户赚取了 600 thousand 美元的保护费用 [1] - Drift 协议的年化费用收入为 56 million 美元，市值 193 million 美元 [1] Competitive Landscape - Hyperliquid 触发了两年来的首次 ADL (Auto Deleveraging 自动减仓) [1] - Hyperliquid 的交易量超过 10 billion 美元 [1] - Drift 和 Hyperliquid 在每 TVL (Total Value Locked 总锁定价值) 美元的收入方面表现相似 [1] - Drift 的估值倍数是 Hyperliquid 的 52 倍 [1]

LIVE NOW - How Lighter's Ethereum L2 Perp DEX Handled Liquidations10 days after @Lighter_xyz mainnet, a $19B liquidation wave slammed crypto.We asked the founder. @vnovakovski, how Lighter, a ZK L2 Perp DEX on Ethereum was capable of handling the crash.We dig into:- ADL vs. LLP.- trader-first design.- why verifiability (not vibes) should govern order matching and liquidations.- why Lighter chose custom ZK circuits over a generalized ZKVM.- L1 vs L2 tradeoffs.- what’s next: Spot, universal cross-margin, and ...

RT Leonidas 🧡 $DOG (@LeonidasNFT)CT: "Binance caused the liquidations"Binance: "No we didn't"CT: "Here is proof that you did"Binance: "We are announcing a $400M recovery fund"CT: "Binance has been extorting billions of dollars via listing fees"Binance: "No we didn't"CT: "Here is proof that you did"Binance: "We are announcing that we charge listing fees to protect users and we will sue anyone who breaks their NDA with our listing team" ...

Explaining the Bitcoin Crash: What Are Liquidations and Leverage?► https://t.co/8UQrzhgbd6 https://t.co/8UQrzhgbd6 ...

🚨 CMC News: Market Crash Lacks Long-Term Impact Despite $20B Liquidations🔗 https://t.co/dt2pSLNYPn https://t.co/BGvPKNX9q5 ...

Incident Overview - Approximately $60-90 million of $USDe was dumped on Binance, alongside $wBETH and $BNSOL, exploiting a pricing flaw [1][3] - This localized depeg triggered $500 million - $1 billion in forced liquidations, cascading into over $19 billion globally [2] - Attackers profited about $192 million via $1.1 billion in BTC/ETH shorts opened on Hyperliquid [2][4] Root Cause Analysis - Binance's Unified Account valued collateral using its own spot market instead of external oracles, creating a major vulnerability [3] - Binance announced a fix to move to oracle-based pricing on Oct 6, but the rollout wasn't until Oct 14, leaving an 8-day window for exploitation [3] - A coordinated manipulation of Binance's order books, amplified by a macro shock (Trump's tariffs) and systemic leverage, caused the crash [2] Responsibility and Aftermath - Binance's design flaw and delay in oracle rollout were the root cause of the incident [5] - Binance admitted "platform-related issues," promised compensation, and rolled out minimum price floors + oracle integration [6] - Ethena (USDe) was not at fault, as the protocol remained 1:1 collateralized, redemptions were normal, and the peg held everywhere else [6]

Yi He refuted three types of FUD related to recent market volatility: (1) Claims of a Binance outage — core futures, spot engines, and API remained stable throughout, with forced liquidations at a low, normal ratio, indicating the sell-off was market-driven; (2) Claims that depegs caused the crash — price declines preceded the depegs, and Binance has since compensated affected users with over $283 million within 24 hours; (3) Claims of liquidation via extreme price wicks — Binance uses a mark price mechanis ...

There’s all sorts of numbers being thrown around now.$400M for one fund, speculation on another market maker blowing up. Binance already paid nearly $300M back today.There will be more losses paid out and funds winding down. The big names like Wintermute and Paradigm likely took big hits but will survive.Over $20B in leveraged positions were liquidated in the last 72 hours, mostly longs.This isn’t just retail panic.It’s big desks and structured funds are getting forced out. The classic cascade when you borr ...

BoDoggos team marked safe from liquidations.- Nick, forgot he had a short open from January that finally was in the profit.- Pio, has only been buying stocks, notably open door, iren, and cipher, his spot bitcoin bags are tucked away on a trezor somewhere undisclosed- Clemente, already poor, can’t get much worse- Myself, I am 100% exposed to prediction markets which are denominated in stable coins, pure luck.Collectively we are down 0.42%.There is no second best.IcoBeast.eth🦇🔊 (@beast_ico):Think a pretty go ...

One thing I’ve always loved about NFT lending on sites like GondiYour loans can’t be calledNo liquidationsIt’s still a form of leverage but much more peace of mind and more controlburga (@0xburga):Total Liquidations on @gondixyz since yesterday: 0Yes, 0.Time-based liquidations is a feature. Maturities are spread across weeks or months.Can some loans default over the next few days? Yes, of course. But in all those situations, borrowers had time to adjust and even ...