In a newly updated report of 2025 Kwart 1 (Q1), Coingecko says that Solana (SOL) exceeds Ethereum (ETH) in various ways.
According to their Q1 Crypto Industry Report, Coetecko says that Ethereum lost all profit Last year, while the rest of the crypto market capitalization only fell 18.6% in the first few months of 2025.
“ETH Sloot 2025 Q1 at $ 1,805, which represents a decrease of -45.3% within the quarter, after $ 3,336. It erased its profit from 2024, recurring to levels that were last seen in 2023. It seriously suppressed Majors such as BTC, Sol, XRP and BNB, to a tot until a much tot.
The trade volume also fell in Q1, from an average average of $ 30.0 billion in 2024 Q4 to $ 24.4 billion in the last quarter. Days in which the volume spiked saw the price of ETH. “
Coetecko also discovered that Solana has continued its dominance of the decentralized Exchange (DEX) space.
“Continue the trend of the end-2024, continued to dominate Solana Dex transactions and reached 52% dominance in January 2025; newcomers Sonic & Bera leave their mark.
Solana was the dominant chain for DEX trade in 2025 Q1, with its market share that reached 39.6% for the quarter. It grew +35.3%, from $ 217.0 billion in Q4 to $ 293.7 billion in Q1.
In January, Solana accounted for 52% of the chains in the top 12 block chains, powered by the ‘political memecoin’ frenzy led by Trump. It registered more than $ 184.8 billion in trade volume, a record high for the chain. This ensured that the market share of Ethereum fell below 20% for the first time.
As the trend of Meme Coin withdrew, Ethereum succeeded in recovering the first place in March, with a market share of 30.1% compared to 23.4% of Solana.
Optimism and polygoon were from the top 10 of newcomers Sonic and Berachain in March. In the entire quarter, however, both necklaces stayed first. “
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