Ethereum’s 2024 Gains Erased In Q1 2025 as Solana Reigns Supreme in DEX Space: Report
Posted On April 18, 2025
Ethereum (CRYPTO: ETH) has seen a significant setback, erasing all its gains from 2024 in the first quarter of 2025, while Solana (CRYPTO: SOL) continues to lead in the decentralized exchange (DEX) space.
What Happened: CoinGecko’s Q1 Crypto Industry Report indicates that Ethereum’s value took a steep dive by 45.3%, closing Q1 at $1,805.
This drastic drop wipes out all the gains Ethereum accumulated in 2024, reverting it back to its 2023 levels. On the other hand, the overall crypto market cap experienced a lesser fall …
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