With Solana season in full effect, MarginFi, which has been around for over a year, has benefited greatly. The success of Aave and Compound in the DeFi ETH ecosystem during the last bull cycle paved the path for a similar project to shine on the SOL blockchain during the next run, and MarginFi seems poised to become the Aave and Compound of SOL.
According to the current data on DefiLlama, as of November 30, 2023, MarginFi ranks third in average daily active users behind TensorSwap and Shark Finance. However, it's growth curve is even more impressive, with DAU rising from under 200 in July to over 1500 currently. TVL growth is equally impressive: under $3m in July, currently around $120m.
Lastly, the UX is smooth and the UI is clean, as is the case with most Solana apps. I've parked some liquid in the protocol but haven't traded yet, but plan to try it out soon. Stay tuned. Show Less