Ethereum and various alternative cryptocurrencies account for a substantial 85% of future trading, with Bitcoin's share of the market experiencing a noticeable decline.
In the dynamic world of cryptocurrencies, a notable shift has been observed in the futures trading volume. Altcoins have seen a significant increase in dominance, suggesting a surge in speculative interest in these digital assets. This development has resulted in a decrease in Bitcoin's dominance, which has gone below 15% in the total futures trading volume.
The on-chain analytics firm Santiment has shared an update on the Development Activity of various cryptocurrency projects, highlighting that Ethereum, Polkadot, Solana, Cardano, and Cosmos are currently leading the pack. These projects consistently show high levels of commits, pull requests, and contributions, reflecting active development and upgrades.
Interestingly, Ethereum is currently ranked 10th in terms of 30-day Development Activity, despite its market cap being second only to Bitcoin. The digital asset project with the highest 30-day Development Activity is Internet Computer (ICP), with a value nearly three times that of Ethereum's.
The trend of increased dominance for Ethereum and altcoins in futures trading volume has historically been a bad omen for Bitcoin and the market as a whole. This trend can be observed in the chart during both the late 2024 and Summer 2025 price tops. However, it's important to note that Ethereum's futures trading volume dominance is still significantly down compared to its earlier highs, but it has nonetheless also experienced an uptick.
The CryptoQuant community analyst Maartunn has discussed this trend, referring to the amount of involvement in futures-related trades on derivatives exchanges for Ethereum and altcoins. This increase in trading activity could indicate growing confidence in these digital assets, although it's crucial to remember that market trends can be influenced by various factors.
As for Bitcoin, its price has faced a pullback and is currently at $4,450, after recovering above $4,750 earlier. Meanwhile, Forward Industries has made headlines with a $1.58 billion purchase of Solana Treasury, although this fact is not directly related to the main topic of the article.
In conclusion, the cryptocurrency market is witnessing a shift in dominance, with Ethereum and altcoins gaining traction in the futures trading volume. This trend, while potentially indicative of a changing market landscape, should be viewed in the context of ongoing development activities and market dynamics.
