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.
Advertisement
Advertisement
Solana (SOL) market dominance - its market cap relative to the market cap of all other cryptocurrencies in the world - from April 2020 to January 27, 2025
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statista, & CoinGecko. (January 27, 2025). Solana (SOL) market dominance - its market cap relative to the market cap of all other cryptocurrencies in the world - from April 2020 to January 27, 2025 [Graph]. In Statista. Retrieved July 11, 2025, from https://www.statista.com/statistics/1280081/solana-dominance-historical-development/
Statista, und CoinGecko. "Solana (SOL) market dominance - its market cap relative to the market cap of all other cryptocurrencies in the world - from April 2020 to January 27, 2025." Chart. January 27, 2025. Statista. Accessed July 11, 2025. https://www.statista.com/statistics/1280081/solana-dominance-historical-development/
Statista, CoinGecko. (2025). Solana (SOL) market dominance - its market cap relative to the market cap of all other cryptocurrencies in the world - from April 2020 to January 27, 2025. Statista. Statista Inc.. Accessed: July 11, 2025. https://www.statista.com/statistics/1280081/solana-dominance-historical-development/
Statista, and CoinGecko. "Solana (Sol) Market Dominance - Its Market Cap Relative to The Market Cap of All Other Cryptocurrencies in The World - from April 2020 to January 27, 2025." Statista, Statista Inc., 27 Jan 2025, https://www.statista.com/statistics/1280081/solana-dominance-historical-development/
Statista & CoinGecko, Solana (SOL) market dominance - its market cap relative to the market cap of all other cryptocurrencies in the world - from April 2020 to January 27, 2025 Statista, https://www.statista.com/statistics/1280081/solana-dominance-historical-development/ (last visited July 11, 2025)
Solana (SOL) market dominance - its market cap relative to the market cap of all other cryptocurrencies in the world - from April 2020 to January 27, 2025 [Graph], Statista, & CoinGecko, January 27, 2025. [Online]. Available: https://www.statista.com/statistics/1280081/solana-dominance-historical-development/