What does Solana dominance show?
Solana (SOL) dominance shows SOL’s share of total cryptocurrency market capitalization. Traders often use this metric in technical analysis to identify the asset’s market cycle.
Solana dominance chart (SOL.D)
The SOL.D chart shows SOL’s share of the cryptocurrency market.
How is Solana dominance calculated (SOL.D formula)?
The SOL dominance formula contains two variables: SOL.D = MarketCap.SOL / , where:MarketCap.Total * 100
- MarketCap.Total is the total capitalization of the entire cryptocurrency market (the calculation uses 125 coins from the top-100).
- MarketCap.SOL is Solana’s total market capitalization, equal to the SOL price multiplied by the total number of SOL coins available on the market at a given time.
Solana market capitalization chart (MarketCap.SOL)
The MarketCap.SOL chart shows the combined value of all SOL available on the market.
All-time Solana dominance history
The SOL.D (Market Cap SOL Dominance) chart dates back to 10 April 2020, when it was launched by TradingView, an analytics service providing charts for various markets, including cryptocurrencies.
| Year | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| 2025 | 2.86% | n/a | n/a | n/a | n/a |
| 2024 | 2.72% | 2.85% | 3.83% | 2.23% | +4.67% |
| 2023 | 0.48% | 2.72% | 3.26% | 0.47% | +462.21% |
| 2022 | 2.4% | 0.48% | 2.46% | 0.39% | -79.9% |
| 2021 | 0.01% | 2.41% | 2.88% | 0.01% | +25864.26% |
| 2020 | 0% | 0.01% | 0.04% | 0% |
Frequently Asked Questions (FAQ)
➤ What is Solana dominance in simple terms?
The dominance of a cryptocurrency asset, including Solana (SOL), is the ratio of its own market capitalization to total cryptocurrency market capitalization. The chart shows this percentage in real time.
➤ Why do analysts monitor asset dominance?
SOL dominance, like that of other crypto assets, is a metric used in technical analysis. Financial analysts use the chart to identify market cycles and asset trends.
