As of September 26, Solana has the most positive net flows, beating all other chains. The net flows of Solana currently stand at $1.0B over 3 months. Solana had the third-highest inflow ($1.5B) and the seventh-highest outflow ($458.5M) to achieve an overall positive net flow.
The data aggregator Artemis.xyz shows that while Solana is at the top of net flows, Ethereum is at the bottom with a negative net flow of $ -871.0M. Ethereum is at the top with a total inflow of $7.3B. However, Ethereum also has the highest outflows, reaching $8.2B, resulting in a net negative. Conversely, Solana ranks 3rd with an inflow of $1.5B and 7th with an outflow of $458.5M, placing Solana at the top.
Solana outperforms rivals with record-breaking net flows
Data from Artemis revealed that Solana had risen to the top of the net flows list on (at least) seven different days over the last three months, with the highest net flow amounting to $655.1 million, which was recorded on September 12. The altcoin topped the net flows list thrice in July and twice in August, and it matched August’s performance in September, which has so far shattered the billion-dollar ceiling.
The data also revealed that Ethereum was the worst-performing chain despite leading both inflows and outflows lists in terms of volumes. Arbitrum, which had risen to the top a few times over the last three months, was the second worst-performing chain with a net flow of -$492.7 million. Arbitrum ranked second in inflows ($3B) and outflows ($3.5B) and second from last in net flows.
Bitcoin and Binance join Ethereum in poor performance
Artemis charts showed that leading chains Bitcoin (BTC) and Binance (BNB) faired poorly in almost all categories. Bitcoin was ranked 10th in inflows with $96.7 million followed by Binance in 11th with $96 million. The data revealed that Bitcoin was 11th in outflows with $208.5 million, while Binance came in at 14th with a total outflow of $77.2 million.
Binance, however, outperformed Bitcoin in terms of net flows, hitting a positive net flow of $18.7 million in 9th position against Bitcoin’s negative net flow of—$111.8 million in position ten.
A further interpretation of Artemis data revealed that the Bitcoin chain had only come close to the top once in the last three months when it recorded the second-highest (positive) net flow of $6.6 million on August 24. Binance, on the contrary, had average results at best, according to the data.
Sui, OP Mainnet, and Base also topped the (positive) net flows list several times within the last three months.
Additional reporting by Noor Bazmi
