Ethereum (ETH) Loses All Gains From 2024 in First Quarter of 2025 As Solana DEXs Dominate: CoinGecko Report
In a newly up to date 2025 Quarter 1 (Q1) report, CoinGecko says Solana (SOL) is outpacing Ethereum (ETH) in a number of methods.
In response to their Q1 Crypto Trade Report, CoinGecko says that Ethereum lost all gains from final 12 months, whereas the remainder of the crypto market cap solely fell 18.6% within the first few months of 2025.
“ETH closed 2025 Q1 at $1,805, representing a -45.3% lower throughout the quarter, having fallen from $3,336. It has erased its positive factors from 2024, returning to ranges final seen in 2023. It has severely underperformed majors resembling BTC, SOL, XRP, and BNB, all of which declined to a a lot lesser diploma.
Buying and selling quantity dropped in Q1 as nicely, from a day by day common of $30.0 billion in 2024 This autumn to $24.4 billion within the newest quarter. Days through which quantity spiked noticed the value of ETH plummet.”
CoinGecko additionally discovered that Solana has continued its dominance of the decentralized alternate (DEX) house.
“Persevering with the pattern from end-2024, Solana continued to dominate DEX trades, hitting 52% dominance in January 2025; newcomers Sonic & Bera make their mark.
Solana was the dominant chain for DEX buying and selling in 2025 Q1, with its market share hitting 39.6% for the quarter. It grew +35.3%, from $217.0 billion in This autumn to $293.7B in Q1.
In January, Solana accounted for 52% of on-chain trades amongst the highest 12 blockchains, pushed by the ‘political memecoin’ frenzy led by TRUMP. It recorded over $184.8 billion in buying and selling quantity, an all-time excessive for the chain. This induced Ethereum’s market share to drop under 20% for the primary time.
Nevertheless, because the meme coin pattern receded, Ethereum managed to reclaim the highest spot in March, with a 30.1% market share in comparison with Solana’s 23.4%.
Optimism and Polygon had been edged out of the highest 10 in March by newcomers Sonic and Berachain. Nevertheless, over the whole quarter, each chains stayed forward.”
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