Solana Leads Daily Net Inflows with $12M, Outpacing All Other Blockchains.

Solana has seen daily net inflows that have outpaced all other leading blockchains, including Sui, Base, Arbitrum, and Ethereum. On December 15, the Solana network reaped net inflows totaling $12 million.

Data from Artemix.XYZ shows that Solana (SOL) achieved the highest daily net inflows among the top 20 blockchains on December 15. Solana’s net inflow of $12 million exceeded the combined total of the next two blockchains in the top three, Arbitrum (ARB) and Sui (SUI).

Solana reclaimed its leading position a month after it last held the top spot on November 17 with $17.6 million. On December 15, it surpassed Arbitrum, the previous day’s leader, which secured the number two position with daily net inflows of $5.9 million.

Solana gains top spot in daily net inflows with $12M, beating all other blockchains - 1
Data from Artemis.XYZ indicated that Solana secured the top position for daily net inflows on December 16, 2024 | Source: Artemis.XYZ

Sui came in third with a daily net inflow of $5.3 million, followed by OP Mainnet with $2.2 million and Base with $2.1 million. Ethereum (ETH) trailed at the bottom with a net outflow of $25.4 million.

The recent increase in Solana’s revenue is often associated with a surge in the meme coin sector, particularly from pump.fun, a launchpad for Solana-based meme coins. However, this time it’s a different scenario.

As per data from Dune analytics, pump.fun experienced a slight decline in daily revenue of 6%, dropping from $2.67 million on December 14 to $2.51 million on December 15. Notably, pump.fun’s revenue peaked at $14.3 million on November 23 but has struggled to exceed the $5 million mark since then.

Solana’s end-of-year sprint

In recent months, Solana has reached several significant milestones as the year draws to a close. As previously reported by crypto.news on December 13, Solana was recognized as the fastest-growing blockchain, boasting an annual growth rate of up to 83%, even surpassing the largest blockchain, Ethereum.

In November, Solana’s monthly trading volume on decentralized exchanges hit $109.73 billion, breaking the $100 billion mark for the first time in cryptocurrency history. This surge in trading volume followed Solana’s price breaching $200 for the first time in seven months, thanks to an 8.69% increase, reaching an all-time high of $263.21 on November 23.

As of this writing, Solana is trading at $220.76, marking a nearly 2% rise in the past 24 hours, according to data from crypto.news. Solana holds a market capitalization of approximately $105 billion, with a fully diluted valuation exceeding $130 billion.

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