The post Ethereum’s Market Dominance Declines as Investors Reassess the Asset Amid Price Surge appeared on BitcoinEthereumNews.com.

Ethereum (ETH), the cryptocurrency with the second-greatest market valuation, has seen a substantial change recently in how it stands within the larger crypto market. Once a main force in driving the market’s narrative, Ethereum’s dominance has slipped to just 7.4%. That’s a far cry from where it was in 2021. Ethereum’s declining dominance clearly reflects what’s happening in the larger crypto market. Investors increasingly look to other assets for narratives—e.g., Solana (SOL)—or they’re re-embracing old solutions with new spins, viz. Bitcoin (BTC). Why is this decline in dominance happening? Ethereum’s Declining Market Position In 2021, Ethereum had a robust trading ratio compared to Bitcoin, with 1 ETH equaling 0.08 BTC. This trading ratio was a sign of Ethereum’s growth and its relevance in decentralized finance (DeFi) and the space of decentralized smart contracts. By 2023, however, the trading ratio had decreased again, this time in favor of Solana (SOL). In 2023, the ratio of 1 ETH to SOL was 111, indicating that not only is Solana growing in development, but it is also growing in the trading space and is now far more popular than Ethereum. Ethereum dominance nears 2020 levels#ETH market dominance drops to just 7.4%. Back in 2021, 1 $ETH = 0.08 $BTCIn 2023, 1 $ETH = 111 $SOLToday, 1 $ETH = 0.018 $BTC and 11.5 $SOL 4 times less #BTC and 10 times less #SOL. pic.twitter.com/hyUMyaoJT2 — CryptoRank.io (@CryptoRank_io) April 25, 2025 The current trading ratio of HY (ETH) to BTC is a stunning decrease in ratio from the 2021 highs, dropping from 0.08 BTC worth per ETH to just 0.018 BTC worth per ETH. On the flip side, ratios of Altcoins to Ethereum are also dropping. In 2023, the trading ratio of SOL to ETH is 11.5. What’s obvious from this situation is that either one…

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Filed under: News - @ April 26, 2025 7:24 am