Bitcoin Dominance Reaches 64% High as Ethereum Falls to 7.18%, Solana TVL Up 172%

Bitcoin's market capitalization dominance has reached its highest level since early 2021, with several sources reporting a surge to approximately 63.7% to 64%. In Q1 2025, Bitcoin dominance jumped 4.6 percentage points to reach 59.1%.
The increase in Bitcoin dominance reflects a shift among investors toward Bitcoin amid global economic uncertainty, as it is perceived as a more stable asset compared to other cryptocurrencies.
In contrast, Ethereum's market share has declined to near all-time lows. As of April 2025, Ethereum's market dominance dropped to 7.18%, just above its record low of 7.09% from September 2019. The decline is attributed to weak institutional demand, negative ETF flows, and increased competition from other layer-1 blockchains such as Solana and BNB Chain.
Solana's dominance in total value locked (TVL) has increased by 172%, while Ethereum's TVL dominance stands at 51.7%, down from 61.2% in February 2024. XRP's dominance has risen by 200% and BNB's by 40% since 2023. The Solana/ETH ratio is also near an all-time high.
Ethereum's price could face further downward pressure, with some projections suggesting a potential drop to $1,100 if bearish trends continue.
This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.
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