MarginFi Turmoil Triggers $200M Crypto Exit, Rivals Solend and Kamino Capitalize on User Exodus

Chaos at MarginFi causes $200M crypto capital exodus; competitors Solend and Kamino are biggest winners
Solend sees $17M deposits in 24 hrs, token rallies 37% after leader offers airdrop for deposits moved from MarginFi
Kamino gets $81M new deposits, becoming Solana's largest borrow-and-lend platform
MarginFi remains Solana's 2nd largest borrow-and-lend platform and 5th largest DeFi protocol despite 31% deposit drop
MarginFi CEO Pavlovsky's resignation over internal dispute leaves leadership uncertain