Altcoin Season Incoming? $BTC Bitcoin Dominance Falls as Ethereum, $SOL Solana, and DeFi Tokens Surge

Bitcoin dominance is slipping—dropping from 65% to 63.89%—signaling a possible shift toward altcoin momentum. This trend, often seen as a precursor to an "altcoin season," is already gaining traction in the broader crypto market.

$ETH Ethereum has led the charge with a 40% surge in recent weeks, reinvigorating interest in the altcoin sector. DeFi protocols such as AAVE, HYPE, and PENDLE are attracting attention for their strong fundamentals and growing user bases.

Stablecoins are also experiencing a major upswing. Active wallets have skyrocketed by 53%, rising from 19.6 million in February 2024 to over 30 million in February 2025. This growth is accompanied by surging transaction volumes for USDT and $USDC, highlighting increasing adoption across various platforms.

Solana continues to hold its position as a key player in the crypto space. Ongoing development and the popularity of memecoins on its network have fueled further interest. Notably, the rivalry between Pump.fun and Bonk.fun over $GLONK tokens has sparked significant community engagement and trading activity.