Solana Dominates All Other Chains Via Highest Daily Net Flows

As of September 26th, Solana leads in positive net flows, surpassing all other chains with a total of $1.0 billion over the past three months. It recorded the third-highest inflow at $1.5 billion and the seventh-highest outflow at $458.5 million, resulting in an overall positive net flow.

Data aggregator Artemis.xyz indicates that while Solana excels in net flows, Ethereum has the worst performance, showing a negative net flow of $871 million.

Peak Net Flow

While Solana has topped the net flows list on at least seven occasions in the last three months, the peak net flow of $655.1 million occurred on September 12th. The altcoin led the list three times in July, twice in August, and matched its August performance in September, breaking the billion-dollar threshold.

The data further reveals that despite leading in both inflows and outflows, Ethereum underperformed overall. Arbitrum, which also reached the top a few times in the past three months, ranked second worst with a net flow of -$492.7 million, placing second in inflows ($3 billion) and outflows ($3.5 billion).

Still Struggling

Charts by Artemis illustrate that Bitcoin (BTC) and Binance (BNB) also struggled in various metrics. Bitcoin ranked tenth in inflows with $96.7 million, while Binance followed closely at eleventh with $96 million. In terms of outflows, Bitcoin held the eleventh position at $208.5 million, with Binance at fourteenth with $77.2 million.

Despite this, Binance slightly outperformed Bitcoin in net flows, achieving a positive net flow of $18.7 million in ninth place compared to Bitcoin&rsquos negative net flow of -$111.8 million in tenth. Further analysis of Artemis data indicates that Bitcoin managed to reach the top position only once in the last three months, recording a second-highest positive net flow of $6.6 million on August 24th.