Solana (SOL) has shown a steady recovery in its market dominance after a challenging period in 2022. Data from Into The Cryptoverse (ITC) reveals that SOL's dominance peaked at nearly 4% during the 2021 bull run but declined significantly afterward. However, SOL has been making consistent improvements in its market share since mid-2023, with its market capitalization hovering around $80 billion. Despite extreme price volatility, SOL has rebounded impressively from its low point of below $10 billion in 2022. Currently, SOL's market dominance stands at 3.45% when stablecoin valuations are excluded. Moreover, the token's price has surged by 714% over the past year, reaching $156. Meanwhile, Bitcoin remains the largest cryptocurrency by dominance at 57.64% and experienced a 10.2% price increase in the past month.



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