Solana gains top spot in daily net inflows with $12M, beating all other blockchains

Solana’s daily net inflows have surpassed all other major blockchains, including Sui, Base, Arbitrum, and Ethereum. On December 15, the Solana network achieved net inflows of $12 million.

According to Artemix.XYZ data, Solana (SOL) recorded the highest daily net inflow among the top 20 major blockchains on December 15. Solana’s net inflow of $12 million was more than Arbitrum, the other two blockchains in the top 3. (ARB) and Sui (SUI) were merged.

Solana is back at the top a month after the blockchain was last at the top on November 17 with $17.6 million. On December 15, Solana dethroned yesterday’s champion Arbitrum, who was in second place with a daily net inflow of $5.9 million.

Data from Artemis.XYZ showed that Solana held the top spot for daily net inflows on December 16, 2024 | Source: Artemis.XYZ

In third place, Sui generated daily net inflows of $5.3 million, followed by OP Mainnet with $2.2 million and Base with $2.1 million. At the bottom of the list is the Ethereum (ETH) blockchain, with a net outflow of $25.4 million.

A recent increase in Solana’s revenue is generally due to a similar increase in the meme coin industry, specifically Pump.fun, a Solana-based launchpad site for meme coins. But this time this is not the case.

Pump.fun’s daily revenue fell slightly by 6%, from $2.67 million on Dec. 14 to $2.51 million on Dec. 15, according to data from Dune analytics. Pump.fun’s revenue peaked at $14.3 million on November 23 but has failed to surpass $5 million since then.

Solana’s year-end sprint

Over the past few months, Solana has achieved many milestones as we approach the end of the year. As previously reported by crypto.news on December 13, Solana was seen as the fastest growing blockchain, with annual growth of up to 83%. Solana has surpassed even Ethereum, the world’s largest blockchain.

In November, Solana’s monthly decentralized exchange trading volume reached $109.73 billion, surpassing the $100 billion threshold for the first time in crypto history. The jump in Solana’s trading volume comes just days after Solana’s price rose above $200 for the first time in seven months, following an 8.69% increase. The token later reached its all-time high of $263.21 on November 23.

At the time of writing, Solana is currently trading at $220.76, up nearly 2% in the last 24 hours of trading, according to data from Crypto.news. Solana’s market cap is around $105 billion and has a fully diluted valuation of over $130 billion.