Over the past week, there has been a notable 21% decrease in Solana's native token, SOL, which has reached its lowest value in almost six weeks. Given that SOL's price increase of 61% in March, investors may have been unduly enthusiastic. This decline has resulted in significant liquidations of leveraged long SOL futures contracts totaling $113 million since April 11.
Read MoreSolana is still making headlines, but this time it's because of a dispute over several chain-based projects. MarginFi, a Solana-based lending and borrowing protocol, has been "beefing" lately with SolBlaze, a liquid staking platform, and Solend, another lending protocol.
Read MoreEdgar Pavlovsky, the CEO of MarginFi, the company behind the cryptocurrency borrowing and lending platform, resigned on Wednesday as internal conflicts within the major Solana DeFi project became public.
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