Ethereum vs Solana, cuộc chiến tiền điện tử 630 tỷ USD tranh ngôi dẫn đầu Q3

The altcoin market is witnessing a capital influx of $630 billion, while Bitcoin's dominance has dropped significantly from the 66% mark. Ethereum and Solana are the two leading coins in this shift, with Ethereum displaying superior strength in Q2.

Large capital inflows into altcoins alongside Bitcoin losing its position indicate a positive trend in the cryptocurrency market, making Ethereum stand out more than Solana in investment performance, reflecting a change in the market narrative.

MAIN CONTENT

  • The capital flow of $630 billion into altcoins has significantly reduced Bitcoin dominance, the last time this happened was in 2021.

  • Ethereum outperformed Solana with Q2 profit margins of 36.48% and 20%, respectively.

  • The trend of SOL/ETH volatility indicates Solana's recovery potential, but it is still under pressure from Ethereum.

What does large capital inflow into altcoins and the decline in Bitcoin dominance signify?

Latest data from cryptocurrency funds shows that approximately $630 billion has been pumped into altcoins just in the past week, while Bitcoin dominance (BTC.D) has significantly decreased from the resistance level of 66%, equivalent to the high seen in 2021. The CEO of research firm Glassnode confirms this is a sign that capital is shifting strongly from Bitcoin to other cryptocurrencies.

This has sparked expectations for a recovery and growth in the altcoin market, as many major currency pairs such as SOL/BTC and ETH/BTC have surged back from several months of support zones. Specifically, Solana and Ethereum have emerged as two key players in this new wave of capital.

Why is the SOL/ETH ratio important in evaluating the altcoin market in Q2?

The SOL/ETH ratio clearly reflects the volatility of relative strength between the two leading cryptocurrencies. According to a report from TradingView, this ratio began Q2 with a 30% increase, peaking at 0.088 in mid-April, showcasing Solana's strong growth momentum at that time.

However, this ratio then dropped sharply to 0.056 by the end of June, marking the second lowest point of the year and indicating that market strength is shifting back towards Ethereum. Ethereum ended the quarter with a profit of 36.48%, while Solana only achieved 20%, demonstrating the shift in capital flow and investor sentiment favoring ETH during this period.

Ethereum is solidifying its leading position in the altcoin market, despite competitive pressure from Solana and other projects.

Michael Le Vu, CIO at Blockware Solutions, July 2025

Can Solana reverse the advantage trend against Ethereum in Q3?

According to Glassnode, last week Solana attracted a new capital inflow of $8.3 billion, surpassing Ethereum with $6.2 billion. However, price movements indicate the opposite trend as ETH rose nearly 7%, breaking through the resistance level of $2,600, while SOL only increased slightly by 2.6% and is in a consolidation phase after failing to break the $160 zone.

In particular, the SOL/ETH ratio also fell below the resistance level of 0.06, leading many experts to assert that capital is gradually returning to Ethereum in the early stage of Q3. Technical data shows that Solana has decreased by 24% from the Q2 peak of $187 before hitting a low of $141, while Ethereum only dropped slightly by 3% and quickly regained the $2,878 mark – the highest of the quarter, demonstrating solid foundational strength and investor confidence.

Ethereum continues to maintain superior strength, even though new capital is flowing into Solana more in the short term.

Austin Arnold, Blockchain Market Analyst, July 2025

Q2 Performance Comparison: Ethereum and Solana

Criteria Ethereum (ETH) Solana (SOL) New capital flow last week $6.2 billion $8.3 billion Q2 profit 36.48% 20% Q2 peak price $2,878 $187 Q2 low price $2,787 (down 3%) $141 (down 24%)

Frequently Asked Questions

  • How does capital flow into altcoins affect Bitcoin dominance?
    Large capital inflows into altcoins reduce Bitcoin's market share, indicating portfolio diversification and growing confidence in other cryptocurrencies. (Source: Glassnode, 2025)

  • What advantages does Ethereum have over Solana in the past Q2?
    Ethereum recorded a profit of 36.48%, far exceeding Solana's 20%, while the ETH platform demonstrated sustainable price recovery despite market pressures.

  • What does the SOL/ETH ratio reflect about market trends?
    This ratio reflects the relative power shift and capital flow between the two coins, thereby predicting the dominant trend in the short term.

  • Can Solana surpass Ethereum in Q3?
    Although new capital is flowing into Solana abundantly, the price advantage and market strength of Ethereum still dominate, meaning SOL needs additional support to reverse the trend.

  • How to track capital shifts in the cryptocurrency market?
    Tools and reports from Glassnode, TradingView, or on-chain analysis platforms help provide real-time updates on cash flow and market fluctuations.

Source: https://tintucbitcoin.com/ethereum-va-solana-tranh-ngoi-q3/

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