was one of the few networks that gained massive popularity over the last few months. However, one space where Solana was observed to be facing challenges was the lending sector.MarginFi, a lending platform on the Solana blockchain, experienced a record-breaking day of withdrawals. In a single day, lenders pulled out a staggering $80 million, signaling a potential loss of confidence.
This could be due to recent leadership changes at MarginFi. Edgar Pavlovsky, the CEO of the company behind the crypto borrow-and-lend platform MarginFi, resigned on 10th April as internal conflicts within the prominent Solana DeFi project became public.
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