The amount of Ethereum chain liquidation in August reached the second highest in history

The total liquidation amount of the Ethereum chain lending market in August reached $436 million, with Aave accounting for $289 million, or about 66% of the total liquidation. This is the second-highest monthly on-chain lending market liquidation amount in Ethereum's history, only lower than May 2021 when the liquidation amount was approximately $671 million. The reasons for these unusually high on-chain loan liquidations are obvious: ETH's price fell by 22% month-on-month in August and even dropped by 35% at its lowest point during the month.