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

According to data from Artemix.XYZSolana (GROUND) recorded the highest number of daily net inflows among the top 20 blockchains on December 15. Solana’s net inflow of $12 million was higher than the other two blockchains in the top 3, Arbitrum (ARA) and Sui (ISU), combined.

Solana regained first place a month after the blockchain last held it on November 17 with $17.6 million. On December 15, Solana dethroned Arbitrum, yesterday’s reigning champion, who was in second place with a daily net income 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 Ethereum (ETH) blockchain with a net outflow of $25.4 million.

A recent increase in Solana revenue is often linked to a similar increase in the meme coin sector, particularly from Pump.fun, a launch site for Solana-based meme coins. But that’s not the case this time.

According to data According to Dune Analytics, Pump.fun saw its daily revenue decrease slightly by 6%, from $2.67 million on December 14 to $2.51 million on December 15. Pump.fun’s revenue peaked on November 23 with $14.3 million, but failed to surpass the milestone. Since then, the $5 million mark.

Solana’s end-of-year sprint

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

In November, the monthly volume of Solana decentralized exchanges reached $109.73 billion, surpassing the $100 billion threshold for the first time in crypto history. The increase in Solana trading volume came a few days after the Solana price hike. beyond $200 for the first time in seven months of trading after an 8.69% rise. The token then reached an all-time high of $263.21 on November 23.

At the time of writing, Solana is currently trading at $220.76, having risen almost 2% in the last 24 hours of trading, according to data on crypto.news. Solana has a market capitalization of approximately $105 billion and a fully diluted valuation of more than $130 billion.