Top chain by DEX volume (2020-2026):
$ETH dominated for 54 straight months
$SOL now leading 24 of last 25 months
But here's the real story: market share of the #1 chain crashed from 95% → 24%
The crown is getting lighter because liquidity is fragmenting hard across chains. Multi-chain era is real, not a meme anymore.
This isn't just rotation — it's full market dilution. Every new chain launch splits the pie thinner.
If you're still chain-maxi in 2025, you're playing last cycle's game.
$ETH dominated for 54 straight months
$SOL now leading 24 of last 25 months
But here's the real story: market share of the #1 chain crashed from 95% → 24%
The crown is getting lighter because liquidity is fragmenting hard across chains. Multi-chain era is real, not a meme anymore.
This isn't just rotation — it's full market dilution. Every new chain launch splits the pie thinner.
If you're still chain-maxi in 2025, you're playing last cycle's game.