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 Dec. 15, the Solana network accumulated net inflows of $12 million.

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

Solana regained the top spot a month after the blockchain last held it on Nov. 17 with $17.6 million. On Dec. 15, Solana dethroned Arbitrum, yesterday’s reigning champion, which held the number two spot with a daily net inflow of $5.9 million.

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

A recent surge in Solana revenue is often linked with a similar surge in the meme coin sector, specifically from pump.fun, a launchpad site for Solana-based meme coins. But that is not the case this time around.

According to data from Dune analytics, pump.fun saw its daily revenue dip slightly by 6% from $2.67 million on Dec. 14 to $2.51 million on Dec. 15. Pump.fun’s revenue peaked on Nov. 23 with $14.3 million, but has failed to pass the $5 million mark ever since.

Solana’s end-of-year sprint

In the past few months, Solana has achieved quite a few milestones as the year is nearing its end. As previously reported by crypto.news on Dec. 13, Solana was deemed the fastest-growing blockchain, with an annual growth of up to 83%. Solana even surpassed the largest blockchain in the world, Ethereum.

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 leap in Solana’s trading volume came a few days after Solana’s price went beyond $200 for the first time in seven months of trading after a 8.69% rise. The token later reached an all-time high of $263.21 on Nov. 23.

At the time of writing, Solana is currently trading hands at $220.76, having gone up by nearly 2% in the past 24 hours of trading, according to data on crypto.news. Solana has a market cap of around $105 billion and a fully diluted valuation which stands at more than $130 billion.