Solana has outperformed all other significant blockchains in terms of daily net inflows, including Sui, Base, Arbitrum, and Ethereum. On December 15, the Solana network achieved net inflows totaling $12 million.
As per data from Artemix.XYZ, Solana (SOL) recorded the highest daily net inflows among the top 20 blockchains on December 15. The net inflow of $12 million from Solana was greater than the combined inflows of both Arbitrum (ARB) and Sui (SUI), which ranked second and third, respectively.
Solana reclaimed its position at the top a month after last holding it on November 17 with $17.6 million. On December 15, Solana dethroned Arbitrum, which had been in the second spot with a daily net inflow of $5.9 million.
In third place, Sui recorded a daily net inflow of $5.3 million, followed by OP Mainnet at $2.2 million and Base at $2.1 million. At the bottom of the rankings is the Ethereum (ETH) blockchain, which faced a net outflow of $25.4 million.
A recent uptick in Solana’s revenue has often been associated with a rise in the meme coin market, particularly from pump.fun, a launchpad for Solana-based meme coins. However, this does not appear to be the case this time.
According to data from Dune Analytics, pump.fun experienced a slight decline in daily revenue, dropping by 6% from $2.67 million on December 14 to $2.51 million on December 15. Pump.fun’s revenue peaked at $14.3 million on November 23 but has not exceeded $5 million since then.
Solana’s End-of-Year Sprint
In recent months, Solana has reached several milestones as the year comes to a close. As previously reported by crypto.news on December 13, Solana was recognized as the fastest-growing blockchain, achieving an annual growth rate of up to 83%. Solana even outpaced Ethereum, the largest blockchain globally.
In November, Solana’s monthly decentralized exchange trading volume topped $109.73 billion, exceeding the $100 billion mark for the first time in crypto history. This surge in trading volume followed Solana’s price break above $200 for the first time in seven months after a rise of 8.69%. The token subsequently reached an all-time high of $263.21 on November 23.
At the time of this writing, Solana is trading at $220.76, having increased by nearly 2% in the last 24 hours, according to data from crypto.news. Solana’s market capitalization stands at around $105 billion, with a fully diluted valuation exceeding $130 billion.
