Solana Market Share Climbs to Multi-Year Highs as Dominance Hits 4%

⬤ Solana’s slice of the crypto pie is expanding fast. After bouncing from the 2% support zone—a level that’s held through multiple cycles—SOL dominance is now trending toward 4%. The weekly chart shows a sharp, sustained climb with minimal pullbacks, suggesting genuine conviction behind the move rather than a temporary spike.

⬤ Looking at the bigger picture, Solana dominance has historically moved in waves—rallying to peaks before cooling back to that same 2% base zone. This time, the rebound from support looks particularly strong. Week after week, the candles are stacking higher, creating a steep uptrend that stands out against earlier sideways action. It’s a clear sign that traders and investors are rotating capital into SOL relative to the rest of the market.

⬤ The current levels are approaching the upper range where Solana previously showed its best price performance. That 4% area has acted as a ceiling in past cycles, and now SOL is knocking on that door again. The shift from months of declining and flat dominance to this sharp climb shows how quickly market leadership can change hands in crypto.

⬤ Why does this matter? Market dominance tells you where the smart money is flowing. When SOL’s share grows, it means capital is moving out of other assets and into Solana’s ecosystem. This shift can influence everything from trading momentum to developer activity and broader sentiment around layer-1 platforms. If the trend holds, Solana could cement itself as the standout performer of this cycle. But if dominance stalls or reverses at these levels, it’ll be a reminder that crypto’s competitive landscape remains as fierce as ever.