In February, the Ethereum lending market experienced its most serious liquidation event in 12 months, with nearly $500 million in collateral liquidated. This is the second-highest monthly liquidation amount in DeFi history, second only to the liquidation amount during the market crash in May 2021. Most of these liquidations occurred on Aave and Compound, the two largest lending platforms, which handled most of February’s liquidations.(TheBlock)
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