Solana (SOL) dominance history up to September 25, 2024

Published by
Raynor de Best,
Sep 25, 2024
The dominance of Solana (SOL) almost tripled between July and August 2021, and continued to grow in the following months. Within the crypto world, this so-called "dominance" ratio is one of the oldest and most investigated metrics available. It measures the coin's market cap relative to the overall crypto market - for instance, it shows how strong Bitcoin is compared to all the other cryptocurrencies that are not BTC, called "altcoins". In the case of Solana, the dominance somewhat reveals how often it is used for smart contracts and whether it is a popular blockchain for Decentralized Finance (DeFi) applications.

Solana (SOL) market dominance - its market cap relative to the market cap of all other cryptocurrencies in the world - from April 2020 to September 25, 2024

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Release date

September 2024

Region

Worldwide

Survey time period

April 2020 to September 25, 2024

Supplementary notes

Monthly figures are as of the end of that particular month.

Figures have been rounded.

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StablecoinCrypto marketBlockchainDecentralized Finance (DeFI)Terra (LUNA) and TerraUSD (UST)
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