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On-chain “flash liquidation” contract trading across the entire network saw liquidation amounts in just 1 hour that were only less than BTC and ETH.

2026-07-28 16:37:15

Mars Finance reported that on July 28, according to Coinglass data, the Shandi (SNDK) contract trading across the entire network saw total liquidations of $12.8337 million within 1 hour, including $11.7405 million liquidated from long positions and $1.0932 million liquidated from short positions. The liquidation amount was only lower than the liquidation amounts of BTC and ETH.

SNDK-11.88%

BTC-1.93%

ETH-1.70%

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