According to OKLink data, DeFi lending liquidations have surpassed levels last seen in December in the recent 24 hours. DeFi liquidations totaled more than $39 million throughout the DeFi and Aave lending processes. The greatest liquidations reported on DeFi platforms occurred in May of last year, when $1.33 billion was liquidated. Users can utilise DeFi lending facilities to deposit their Cryptocurrency as collateral and borrow against it.