Solana has recorded the highest daily net inflows among major blockchains, outperforming Sui, Base, Arbitrum, and Ethereum. On December 15, the Solana network achieved net inflows totaling $12 million.

As per the data from Artemix.XYZ, Solana (SOL) topped the chart for daily net inflows among the leading 20 blockchains on December 15, with its $12 million inflow exceeding the combined totals of the next two contenders, Arbitrum (ARB) and Sui (SUI).

Solana reclaimed its leading position a month after previously holding it on November 17, when it garnered $17.6 million. On December 15, it surpassed Arbitrum, which held the second position with $5.9 million in daily net inflows.

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

Sui ranked third with a daily net inflow of $5.3 million, followed by OP Mainnet, which reported $2.2 million, and Base at $2.1 million. Ethereum (ETH) ended up at the bottom with a net outflow of $25.4 million.

The recent increase in Solana’s revenue is typically correlated with a rise in the meme coin market, particularly via pump.fun, a launchpad for Solana-centric meme coins. However, that is not the case this time.

According to Dune analytics, the revenue from pump.fun decreased slightly by 6%, falling from $2.67 million on December 14 to $2.51 million on December 15. Despite peaking on November 23 at $14.3 million, pump.fun’s revenue has struggled to exceed the $5 million threshold since then.

Solana’s End-of-Year Sprint

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

In November, Solana’s monthly decentralized exchange trading volume hit $109.73 billion, crossing the $100 billion mark for the first time in cryptocurrency history. This spike in trading volume followed Solana’s price reaching over $200 for the first time in seven months, following an 8.69% increase. The token later soared to an all-time high of $263.21 on November 23.

As of this writing, Solana is trading at $220.76, representing nearly a 2% increase in the last 24 hours, according to crypto.news. Solana currently boasts a market cap of approximately $105 billion, with a fully diluted valuation exceeding $130 billion.