Stress-Tested and Validated: How Fireblocks and Solana Handled Crypto's Largest Liquidation Event
On October 10, 2025, crypto markets experienced their largest liquidation event in history. A whopping $19.5 billion was liquidated across all markets with approximately $1 trillion in total market cap wiped out. Binance halted trading. Ethereum Layer 2s lagged. Arbitrum fees spiked above $500, with median fees jumping to $116. The entire ecosystem was under unprecedented stress. This was the ultimate real-world test of mission-critical infrastructure.