Ethereum Dominance Hits 10% for First Time Since 2020

Ethereum has made a significant comeback in the crypto market, with its dominance surpassing 10%—a milestone it hasn’t hit in an upward trend since March 2020. This marks a notable shift in investor sentiment and could indicate that Ethereum is regaining its place as a leading force in the blockchain ecosystem.

Market dominance is a metric that measures the share of total crypto market capitalization that a particular coin holds. For Ethereum, crossing the 10% mark is a sign that more capital is flowing into ETH relative to the broader market.

This uptick suggests that investors are not just holding Bitcoin but are also diversifying into Ethereum, possibly due to its growing relevance in decentralized finance (DeFi), NFTs, and upcoming protocol upgrades.