$25 Million in DeFi Loans Liquidated as Ethereum Price Falls

Decentralized finance (DeFi) lending platforms liquidated some $25 million in assets Monday as the price of ether plummeted as much as 15% to $1,655 before rebounding, according to the CoinDesk 20. That’s the highest amount in three months since Nov. 25 saw $93 million in liquidations.