0xRooter, the anonymous founder of Solend, showed on X how deposits had increased over the past 24 hours after criticizing competitor MarginFi, whose founder announced his departure yesterday. Meanwhile, Solend’s token rose as much as 44% on Thursday, according to The Block’s price page, before retreating slightly to $1.57 as of 2:45 p.m. ET.
“Saw a big surge in activity on solend yesterday,” 0xRooter wrote in the post. The Solana-based lending and borrowing DeFi protocol saw deposits rise to $18.6 million on Thursday, the highest daily inflow since 2022, according to DefiLlama data. Over the past 24 hours, 0xRooter has made a number of disparaging comments about MarginFi, seemingly in retaliation.