The blockchain achieved a major milestone for the Solana environment as it registered the highest daily net inflows among major networks, reeling in $12M on December 15. According to data from Artemix, XYZ, the figure outperformed leading blockchains, including Ethereum, Sui, Base, and Arbitrum.
After falling to fourth place on November 17 when solana had $17.6 million in inflows, this is its first time topping the chart since November 14 ($19 million in inflows). With $12 million on December 15, Solana was far ahead of its nearest rivals, with Arbitrum and Sui recording $5.9 million and $5.3 million, respectively.
OP Mainnet and Base pumped $2.2 million and $2.1 million in daily net inflows each, with other blockchains behind. Ethereum also had a net outflow of $25.4 million, once again underlining Solana’s dominance for the day.
Previously, a rise in Solana’s revenue has historically been accompanied by increases in its meme coin affiliate area, especially from platforms like pump.fun, a launchpad for Solana meme coins. But the inflows on December 15 seem to break with this trend.
Solana’s Record Growth and Rising Blockchain Market Dominance
According to Dune Analytics data, pump.fun’s daily revenue slightly dipped from $2.67 million on December 14 to $2.51 million a day later. Solana’s latest surge isn’t propelled by any single marketing segment, as this is a far cry from that platform’s peak revenue of $14.3 million on November 23.
Solana’s latest spike caps off a record year for the project already, but that’s still not accounting for it. The blockchain was named the fastest-growing crypto space, with an annual growth of 83 percent, well ahead of Ethereum.
For the month of November, Solana’s monthly decentralized exchange (DEX) volume hit $100 billion for the first time, totaling $109.73 billion. The price soared above $200 for the first time in seven months and Solana’s token reached this milestone. Highest on November 23 the coin soared to $263.21.
Solana is currently at $220.76, a nearly 2% boost in the past 24 hours. Its market capitalization is around $105 billion, and its fully diluted valuation exceeds $130 billion, and it’s showing no signs of disappearing just yet.
Strong market presence, combined with the network’s sustained growth, suggests a Strong prospect of Solana outperforming in the new year and becoming one of the top blockchain ecosystems.
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