In a recent turn of events, Solana’s daily net inflows have surpassed all other major blockchains, including Sui, Base, Arbitrum, and Ethereum, according to data from Artemix.XYZ. On December 15, the Solana network managed to accumulate net inflows of a whopping $12 million.
Solana (SOL) has recorded the highest number of daily net inflows among the top 20 major blockchains. The net inflow of $12 million surpassed the combined inflow of the other two blockchains in the top three, namely Arbitrum (ARB) and Sui (SUI).
This marks a significant resurgence for Solana, which reclaimed the top spot a month after it last held it on November 17 with net inflows of $17.6 million. On December 15, Solana outpaced Arbitrum, the erstwhile champion, which managed to secure the second spot with a daily net inflow of $5.9 million.
In the third spot, Sui garnered a daily net inflow of $5.3 million. It was followed by OP Mainnet with $2.2 million and Base with $2.1 million. However, at the bottom of the list was Ethereum (ETH) with a net outflow of $25.4 million.
While Solana’s revenue surge is often associated with a similar surge in the meme coin sector, specifically from pump.fun, a launchpad site for Solana-based meme coins, that correlation did not hold this time. Data from Dune Analytics indicated that pump.fun’s daily revenue dipped slightly by 6%, from $2.67 million on December 14 to $2.51 million on December 15.
Over the past few months, Solana has been on an impressive growth trajectory. As reported by crypto.news on December 13, Solana was named the fastest-growing blockchain, boasting an annual growth of up to 83%, even overtaking the largest blockchain globally, Ethereum.
In November, Solana’s monthly decentralized exchange trading volume hit a record $109.73 billion, crossing the $100 billion threshold for the first time in crypto history. This surge in trading volume came shortly after Solana’s price exceeded $200 for the first time in seven months of trading after a 8.69% rise. Later, the token reached an all-time high of $263.21 on November 23.
As of the time of writing, Solana is trading at $220.76, reflecting a nearly 2% increase over the past 24 hours. Solana boasts a market cap of around $105 billion and a fully diluted valuation of more than $130 billion. As the year draws to a close, Solana’s end-of-year sprint truly underscores its status as a major player in the blockchain space.
