A look into MakerDAO's CDP liquidations

With the price of ETH falling nearly 25% in July, CDP liquidations on MakerDAO have been at the highest levels seen all year. In aggregate, nearly 25,000 Pooled ETH (PETH) in collateral was liquidated throughout July to pay off outstanding debt, up from the 9,000 PETH liquidated in June.

Despite this, the amount of PETH liquidated in July still paled in comparison to the levels experienced last year. The amount liquidated in November alone (133,700 PETH) was more than double the amount liquidated year to date (55,900 PETH).