Ethereum News Today: Altcoin Season Unfolds as Bitcoin Dominance Slides Below 60%

The altcoin market is gaining momentum as Bitcoin dominance dips below 60%, signaling a shift in investor focus from Bitcoin to alternative cryptocurrencies. This seasonal liquidity rotation has triggered increased trading volume and investor interest, with altcoin searches reaching record highs. As the market distributes attention and capital across various coins, Ethereum (ETH), BNB, and Chainlink (LINK) have emerged as top performers based on dominance, volume, and utility metrics.

Ethereum, the second-largest cryptocurrency by market cap, has shown a sharp rise in dominance, increasing by 100% since its 12-month low in April 2025. ETH’s dominance currently stands above 13%, and its price surged above $4,700 in the last 24 hours—a level not seen since 2021. The 24-hour trading volume for ETH reached $63.5 billion, surpassing its peak during the Q4 2024 rally. The continued adoption of Ethereum’s Web3 infrastructure and institutional interest in its ecosystem have contributed to its strong performance.

BNB, the native token of Binance Smart Chain, has also gained traction during this altcoin season. Although its dominance of 2.9% is significantly lower than Ethereum’s, it has seen a 13% increase from its 12-month low. BNB’s price surged by 72% from its 2025 low, hitting a new all-time high in late July. The token’s lower circulating supply compared to Solana (SOL) may provide a structural advantage, and its role as the primary coin for Binance Smart Chain adds to its utility. However, its 24-hour trading volume remains lower than Ethereum’s, at $3.44 billion.

Chainlink’s LINK token has seen a 60% increase in dominance since its June 2025 low, making it one of the more notable performers this season. The token rallied by over 42% in the past week, with $2.3 billion in trading volume recorded in the last 24 hours. On-chain metrics also improved, with the total value secured through its network rising by over 90% year-over-year. The recent announcement of Chainlink’s reserve program has added to the token’s appeal and demonstrated renewed institutional interest.

Honorable mentions include Litecoin (LTC), which is benefiting from its status as one of the oldest and most battle-tested cryptocurrencies, and XRP, which is gaining attention following its legal victory against the SEC. XRP’s potential for broader adoption now that regulatory hurdles have been cleared could further boost its appeal. Additionally, HYPE has drawn investor interest due to its rapid price increase of over 360% in the last six months and its use in a derivatives platform attracting top crypto whales.

While these altcoins are currently outperforming, investors are advised to monitor volume, dominance trends, and on-chain activity to identify potential long-term winners. The current bull market favors projects with strong utility and network adoption, making Ethereum, BNB, and Chainlink particularly compelling candidates.

[1] Source: [1]title1.............................(https://coinmarketcap.com/community/articles/689daff116df2b56b14bb3b0/)