Polkadot, Solana Top Crypto For Weekly Price Gains

Only one top 20 crypto was in the red over the past week, with solana continuing its recovery after the FTX debacle

article-image

Source: Lucas Agr/Shutterstock modified by Blockworks

share

Polkadot (DOT) and solana (SOL) have outstripped top crypto assets over the past week as the digital asset market continues its attempted recovery.

DOT is up 17.6% while SOL has jumped 15.5%, as of 8:30 am, ET. Top two cryptocurrencies bitcoin (BTC) and ether (ETH) were up 10.9% and 7.5% on the week, respectively. 

Bitcoin recently reached its highest point since June last year; ether has returned to levels not seen since September. Solana is still about 30% away from reclaiming its price point recorded just before FTX collapsed.

Litecoin (LTC) was the only top 20 crypto in the red across the past seven days, having shed 2.45%. The total value of all cryptocurrencies now sits at around $1.18 trillion, per CoinGecko, up 12% across the same period. One year ago, crypto markets were worth $2 trillion.

Polygon’s native asset, MATIC, was the clear winner over the past month out of the top 20, surging more than 40%, far ahead of second-place DOT’s 17.8%.

Caroline Bowler, CEO of Australian crypto exchange BTC Markets, in a recent interview noted signs of growth in trading activity, alongside positive week-to-week deposits in Aussie dollars.

Bitcoin dominance — which measures how much of the crypto market is BTC — remains above 44%, up from 42% at the start of the year. It has stayed consistently in the low 40s since May 2021, just after BTC hit $60,000 for the first time.

In the early days of the last bull market, in Dec. 2021, bitcoin dominance was as high as 70%. Ether dominance is currently just shy of 20%, about where it was 18 months ago.

Regulatory crackdowns on centrally issued tokens and the relative clarity on bitcoin’s status as a commodity may be helping BTC.

“Bitcoin is often the first mover up from the trough in a drawdown and this cycle appears to be no different,” investment firm NYDIG said in a recent research note. 

“The fact that bitcoin has product-market fit as a non-sovereign issued store of value, puts it ahead of most of the rest of the cryptocurrency competition.”


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template (1).jpg

Research

As AI supercharges surveillance, privacy becomes a prerequisite and the winning stack will combine confidentiality with selective disclosure. Zcash’s Tachyon, composable standards on Ethereum/Solana, and compliance-aware pools aim to make private rails the new norm.

article-image

The state’s decision opens staking access to New Yorkers, signaling a regulatory shift toward broader crypto participation

by Blockworks /
article-image

The startup says it aims to rival Stripe and Worldpay by using stablecoins to speed merchant settlements from days to seconds

by Blockworks /
article-image

“S&P 500” for crypto comes as segment gains “established role in global markets,” S&P exec says

article-image

The S&P Digital Markets 50 Index combines 15 cryptocurrencies with 35 crypto-linked companies, offering investors hybrid exposure

by Blockworks /
article-image

Gnosis is betting that openness — not ownership — will define the future of onchain money

article-image

Crypto’s quest to imbue shareholder protections for tokens