CoinGecko Q1 Crypto Report Indicates Strong Market Performance Despite Volatility

CoinGecko , a leading autonomous crypto data aggregating platform, has recently released the latest report covering this year’s 1st quarter. CoinGecko’s 2025 Q1 Crypto Industry Report signifies a resilient performance throughout the first quarter amid the heightened volatility driven by political developments and macroeconomic factors. However, the cumulative drop in the total crypto market cap accounted for 18.6% in 2025’s 1st quarter, after the year-to-date high spot of $3.8T.

In addition to the Q1 report, CoinGecko teased the next installment of its new monthly series, Bobby’s Crypto Aggregate, penned by industry expert Bobby. The upcoming article, set to release in early May, will dive into Bobby’s perspectives on current market conditions and future outlooks.

Bitcoin Sees Meteoric Rise to $108,786 Apart from a 4.6% Upsurge in Market Dominance

Bitcoin ($BTC) saw noteworthy fluctuations throughout 2025’s 1st quarter, led by the United States political environment. Donald Trump’s inauguration as the country’s 47th president triggered a significant reaction in Bitcoin’s price as it reached its latest all-time high of $108,786. Nonetheless, the market witnessed corrections, with the Bitcoin price settling above $100,000 for the rest of the quarter. Concurrently, Bitcoin secured a 4.6% increase in its market dominance, reaching 59.1% by the end of the quarter.

Ethereum Records 3.9% Dip in Market Dominance

In addition to this, Ethereum ($ETH) kept attracting the investor attention, especially in restaking operations. Platforms such as Eigenlayer reported growing participation, denoting an increasing trend to expand $ETH yields via restaking mechanisms. Nonetheless, Ethereum’s market dominance dipped by 3.9% during 2025 Q1 to reach 7.9%, which is the lowest level since 2019’s end.

$TRUMP Secures 2nd Top Spot among Meme Coins with Market Cap Reaching $14.5B

The quarter also recorded a spike in the activities surrounding meme coins, specifically with the release of $MELANIA and $TRUMP. $TRUMP’s market capitalization touched $14.5B just after the release thereof as it gained the top 2nd spot among meme coins. Contrarily, $MELANIA incurred huge losses based on criticism targeting its tokenomics, as up to 89% of the token supply was held in one wallet. Additionally, another notable player, Pump.fun, beheld a sheer 56.3% dip from January to March 2025. This indicates the meme coins’ speculative nature and susceptibility to wider market sentiment.

CEX-Based Crypto Spot Trading Volume Declines by 16.3%

Simultaneously, crypto spot trading declined by 16.3% on centralized exchanges during the same period. Binance dropped to $588.7B in volume in March, following touching $1T in December. HTX plunged 34.0% to $371.0B in 2025’s 1st quarter after reaching $561.9B in 2024’s 4th quarter. Apart from that, Bybit, with the biggest month-on-month dip, slumped by 52.4% to $178.2B, following touching $84.7B. This occurred due to Bybit’s massive hack in February.

Solana Dominance Rises to 39.6% on Spot Decentralized Exchange Trades

Along with that, Solana ($SOL) kept dominating on-chain spot decentralized exchanges. In January, it hit 52% dominance. Additionally, throughout the 2025 Q1, it stayed at the forefront of DEX trading, with its market dominance touching 52%. This shows a 35.3% increase at $293.7B, in comparison with $217.0B seen in the 2024 Q4. Moreover, the Multichain DeFi sector experienced the extraction of a total of $48.9B in TVL. This slump underscores a 27.5% dip in 2025 Q1 in comparison with 2024’s end.

Despite facing notable volatility and a decline in overall market capitalization, CoinGecko’s Q1 2025 report reflects a resilient and active crypto market. With Bitcoin hitting new highs, meme coins sparking investor interest, and Solana leading decentralized trading, the industry continues to evolve amid shifting political and economic dynamics. While trading volumes on centralized exchanges dropped and DeFi TVL saw contraction, the broader ecosystem showed signs of innovation and adaptation—setting the stage for an eventful rest of the year.