Is $BTC still the king of crypto in 2025? What about $SOL? Let’s dive into the latest market report!

Despite a brutal Q1 2025 for crypto, Bitcoin and Solana retained their dominance amid a broader market downturn, according to CoinGecko’s Q1 Crypto Industry Report.

Key Takeaways:

Bitcoin hit a record $106,182 in January, before dropping 11.8% to close Q1 at $82,514. Still, its dominance rose to 59.1%, outperforming most altcoins.

Solana rode the memecoin wave early in Q1—accounting for 52% of DEX trades in January—but dropped to 23.4% by March as hype faded.

Ethereum struggled, ending the quarter at $1,805 with dominance down to 7.9%, its lowest since 2019.

Memecoin Craze Faded Fast:

The launch of TRUMP and MELANIA meme coins exploded activity on Pump.fun, hitting 72,000 tokens/day.

But the LIBRA rug pull crushed confidence—its market cap fell from $4.6B to $221M in hours, leading to a 56% drop in token launches.

Other Highlights:

Stablecoins gained ground: USDT rose to 5.2% market share, USDC climbed back to #7 in market cap, overtaking Dogecoin.

CEX volumes dropped 16.3% QoQ to $5.4T. Binance led with 40.7%, though its March volume fell to $588.7B.

DeFi TVL dropped 27.5%, driven by falling altcoin prices—from $177.4B to $128.6B.

Conclusion: Q1 2025 proved that market giants like Bitcoin and Solana can weather storms better than most, while hype cycles like memecoins remain unpredictable. Keep watching dominant players as they shape the market ahead.

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This post is for information purposes only and does not constitute financial advice. Research properly before making investment or financial decisions in crypto. Risk management is essential.