Solana (SOL) has emerged as the undisputed king of daily net inflows, surpassing all other major blockchains, including established players like Ethereum and rising stars like Sui and Base. This impressive feat highlights Solana’s growing momentum as the year draws to a close.
Solana Reigns Supreme with $12 Million Daily Inflow
Solana reigned supreme on December 15th, 2024, with a staggering net inflow of $12 million. This figure dwarfs the combined daily net inflows of Arbitrum ($5.9 million) and Sui ($5.3 million), solidifying Solana’s position at the top of the leaderboard.
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This isn’t the first time Solana has claimed the top spot. Back on November 17th, the network witnessed a $17.6 million daily net inflow, showcasing its consistent ability to attract investment. Interestingly, this recent surge isn’t driven by the meme coin sector, which has been linked to past spikes in Solana’s revenue. Data from Dune Analytics reveals a slight dip in daily revenue for pump.fun, a popular Solana-based meme coin launchpad.
Solana’s Stellar Year: Milestones and Achievements
SOL has capped off a remarkable year with a string of impressive accomplishments. As reported earlier on crypto.news, Solana was crowned the fastest-growing blockchain in 2024, boasting a staggering annual growth rate of 83%. This achievement even saw Solana surpass the mighty Ethereum in terms of growth.
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November witnessed another milestone for SOL, with its monthly decentralized exchange (DEX) trading volume exceeding $109.73 billion. This marked the first time in cryptocurrency history that a blockchain crossed the $100 billion DEX trading volume threshold. This impressive feat coincided with a surge in Solana’s price, reaching a seven-month high above $200. The token continued its upward trajectory, eventually peaking at an all-time high of $263.21 on November 23rd.
Solana’s Continued Growth Trajectory
At the time of writing, SOL is trading at $220.76, reflecting a near 2% increase in the past 24 hours. The network boasts a market cap of approximately $105 billion, with a fully diluted valuation exceeding $130 billion. These figures solidify Solana’s position as a major player in the blockchain landscape.
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Solana’s recent surge in daily net inflows is a testament to its growing popularity and potential. With a thriving DEX ecosystem, impressive growth, and a passionate community, Solana is poised for continued success in the years to come. While it’s too early to predict the future, this year-end surge might just be the beginning of an even more prosperous journey for Solana.
