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October 17, 2026

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Ethereum Leads Crypto Liquidation Flush as Market Sells Off

A crypto selloff near Oct 9, 2026 drove over $1B in 24-hour liquidations, with Ethereum leading single-asset losses as Bitcoin fell below $81,000.

Sarah Williams
Sarah Williams
Blockchain Editor · 8 hours ago · 5 mins read
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By the Numbers

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Elena Petrova
Elena Petrova
Regulation Correspondent

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Sarah Williams
Sarah Williams
Blockchain Editor

Sarah Williams is STnews's Blockchain Editor, leading coverage of blockchain technology, DeFi investigations, exchange…

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Ethereum Leads Crypto Liquidation Flush as Market Sells Off
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DeFi & Web3 Lead

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James Nakamoto
Markets Reporter

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U
USDT
Tether
Cadence
Quarterly
Last
Q1 2026 · Apr 30
Next
Q2 2026 · Jul 31

Cash + T-Bills 84% · Other 16%

U
USDC
Circle
Cadence
Monthly
Last
Apr 2026 · May 14
Next
May 2026 · Jun 14

T-Bills + Cash 100%

U
USDP
Paxos
Cadence
Monthly
Last
Apr 2026 · May 10
Next
May 2026 · Jun 10

Cash + T-Bills 100%

D
DAI
Sky (MKR)
Cadence
On-chain
Last
Real-time
Next
Continuous

RWA 38% · USDC 22% · ETH 18% · Other 22%

F
FRAX
Frax
Cadence
On-chain
Last
Real-time
Next
Continuous

USDC + sFRAX backed

Tokenized Treasuries

Top RWA products by AUM · on-chain US Treasuries & MMF

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# Product Issuer AUM Yield Chains
1 BUIDL BlackRock + Securitize $2.34B 4.92% Ethereum, Polygon, Arbitrum
2 OUSG Ondo Finance $680M 4.81% Ethereum, Solana, Sui
3 FOBXX Franklin Templeton $540M 4.75% Stellar, Polygon, Avalanche
4 USDY Ondo Finance $510M 4.85% Ethereum, Solana, Mantle
5 BENJI Franklin Templeton $420M 4.78% Stellar, Base
6 TBILL OpenEden $210M 4.90% Ethereum, XRPL
7 USTB Superstate $180M 4.88% Ethereum
8 JTRSY Backed Finance $95M 4.65% Ethereum, Base, Arbitrum
9 TFUND Hashnote $78M 4.83% Ethereum
10 USYC Hashnote $55M 4.92% Ethereum, Canton

AUM and yield figures curated weekly. Sources: rwa.xyz, DefiLlama, issuer disclosures.

Stablecoin Market

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