Ethereum (CRYPTO: ETH) has seen a significant setback, erasing all its gains from 2024 in the first quarter of 2025, while Solana (CRYPTO: SOL) continues to lead in the decentralized exchange (DEX) space. What Happened: CoinGecko's Q1 Crypto Industry Report indicates that Ethereum's value took a steep dive by 45.3%, closing Q1 at $1,805.

The cryptocurrency landscape in 2025 brims with opportunities as innovative projects like Sui, Bittensor, and CartelFi capture investor attention. Sui's robust Layer-1 blockchain, bolstered by strategic partnerships, signals strong growth potential, while Bittensor's fusion of AI and blockchain offers a unique value proposition despite market volatility.

In the latest cryptocurrency market update, Bitcoin (CRYPTO: BTC), Solana (CRYPTO: SOL) and Pepe (CRYPTO: PEPE) are all demonstrating potential signs of a bullish reversal, indicating a possible recovery from recent bearish trends. What Happened: According to data, Bitcoin is testing a key technical formation that could reverse its recent bearish trends.

The crypto market registered a marginal uptick over the past 24 hours, entering a period of relative calmness after witnessing considerable movement over the past week. The market cap dropped to $2.5 trillion before rising to $2.71 trillion and then correcting to the $2.65 trillion zone.

Galaxy Research proposes a new voting mechanism to adjust the inflation of SOL on the Solana blockchain. This innovative system aims to surpass the limitations of binary voting by introducing a more representative decision-making method, thereby strengthening the decentralized governance of the Solana crypto ecosystem.

This week, we examine Ethereum, Ripple, Cardano, Solana, and Hype in greater detail. Ethereum (ETH) It was a quiet week for Ethereum that only managed a small 1% price increase.

Galaxy Research has proposed a new Solana voting system proposal called Multiple Election Stake-Weight Aggregation (MESA) to reduce SOL's inflation rate.

Solana's inflation remains a key issue as market players formulate acceptable solutions.

After weeks of consolidation, Solana (SOL) recovery is in progress, but the Fartcoin price is ready to rally and is preparing to revisit $1. Will FARTCOIN, a Solana meme token, lead while SOL remains rangebound?

TL;DR Introducing MESA: Galaxy Research proposes a novel voting system called MESA that lets Solana validators vote on a range of deflation rate options instead of simple yes/no decisions.

Solana is showing signs of life after weeks of quiet trading. With price creeping toward a key resistance level, traders are wondering if a big breakout is just around the corner.

Galaxy proposed a wider array of options for voters in choosing deflation rates for Solana, with decision made from weighted average.

Are leveraged players front-running a broader structural rotation into SOL?

Solana apps still dominated other chains, with 46% of all on-chain app revenues.

Solana rallies 20% in a week, breaks $130 resistance as Canada launches first SOL ETF and staking deposits surge by $270 million.

Coinbase SOL Updates:- In a good news for the crypto users and investors, Coinbase has announced the much anticipated upgrade in its Solana infrastructure. These updates are particularly soothing to the users who had faced significant struggles on Coinbase exchange and its wallet during January.

Solana (SOL) is showing strong signs of a bullish trend reversal, supported by technical indicators and price action. Recently, SOL broke above its 50-day Exponential Moving Average (EMA), a historically significant resistance level that often marks the start of sustained rallies.

Solana is back in the spotlight. After a downturn marked by a massive outflow of capital, the network has recorded an unexpected return of funds.

Canadian retail investors now have a third option on their spot crypto exchange-traded fund (ETF) menu, but one analyst says it may not be as big of a deal.

Bitcoin and Solana have emerged as dominant players in the crypto market during an especially turbulent first quarter of 2025. According to the Q1 Crypto Industry Report recently released by CoinGecko, the broader market experienced a major downturn.

So, who's got the ultimate lead?

Crypto research firm Galaxy Research has made a proposal to adjust the voting system that decides the outcome of future Solana inflation following the failure to come to a consensus in a previous vote.On April 17, Galaxy introduced a Solana proposal called “Multiple Election Stake-Weight Aggregation” (MESA) to reduce the inflation rate of its native token, SOL (SOL). The researchers described the proposal as a “more market-based approach to agreeing on the rate of future SOL emissions.

Solana saw increased demand in the $120 accumulation zone, and a bullish trend could follow behind.

Solana's DEX trading volume soars to over $15 billion.

Coinbase has upgraded its infrastructure after receiving user complaints to support the Solana ecosystem better.

Bitcoin is showing signs of recovery as it tests a crucial technical formation that has the potential to change the perception of its recent bearish trends. The market leader may be on the verge of invalidating the death cross, a bearish signal that occurs when the 50-day moving average crosses below the 200-day moving average following weeks of consolidation and erratic trading.

Solana is now at a critical juncture as it trades around a pivotal price level that could determine its short-term direction. After weeks of selling pressure and underwhelming price action, bulls are attempting to regain control—but success hinges on reclaiming higher resistance zones.

Solana surged 7% on Thursday, outperforming major tokens as Canada debuts the world's first Solana spot ETF on the Toronto Stock Exchange. Solana ETF Debut on Toronto Exchange Sparks Rally as SOL Surpasses Ethereum, Bitcoin Gains Solana (SOL) climbed more than 7% on Thursday retaking the $135 resistance level as it outpaced Bitcoin and Ethereum

The crypto market registered a substantial drop on Wednesday before recovering towards the end of the day after Federal Reserve Chair Jerome Powell flagged concerns about inflation and slowing growth due to tariffs. However, markets recovered as crypto remained strong in the face of adversity even though traditional stock markets took a beating.

Galaxy Research has submitted a new proposal to the Solana (SOL) community to reform the network's inflation governance discussion through a method called Multiple Election Stake-Weight Aggregation (MESA), according to a filing published on April 17. The mechanism seeks to introduce a market-driven process to refine the SOL emissions curve without relying on single-outcome votes.

Cryptocurrency trader and analyst Ali Martinez is leaning bearish on Solana (SOL) while updating his outlook on Bitcoin (BTC) and Ethereum (ETH).

Coinbase has been working to fix the issues some of its users had when trying to send transfers on the Solana network.

Solana is outpacing Bitcoin, Ethereum, XRP, and other major coins right now, rising to its highest price so far this month Thursday.

In a newly updated 2025 Quarter 1 (Q1) report, CoinGecko says Solana (SOL) is outpacing Ethereum (ETH) in several ways. According to their Q1 Crypto Industry Report, CoinGecko says that Ethereum lost all gains from last year, while the rest of the crypto market cap only fell 18.6% in the first few months of 2025.

Solana price has recovered recently, with the cryptocurrency experiencing a 40% increase in value over the past 10 days. The SOL price surge comes as 71% of traders with open positions on Binance are betting on Solana's upward movement.

In January, Coinbase vowed to improve its Solana transaction processing infrastructure after users experienced withdrawal and depositing issues.

Sui (SUI) has performed neutrally in the past day to stand at $2.10 while Hedera (HBAR) has experienced a 1.4% uptick and currently sits at $0.1600 during what has been a choppy session with a slight bearish tone.

Sui meme coins, not typically seen at the forefront of the sector, are surging in volume recently. Their market cap is far smaller than Solana meme coins, but it's also growing fast.

Global economic tensions and trade policy uncertainties continue to create volatility in the crypto market, with SOL navigating these challenges better than many alternatives.

Solana (SOL) and Raydium (RAY) have jumped in the past 24 hours after the decentralized exchange launched a new tool called LaunchLab that competes directly with its former partner, Pump.fun.In late March, Pump.fun launched an automated market maker (AMM) and broke up with Raydium after collaborating for many months. Introducing LaunchLab, Raydium's all-in-one token launchpad.

Coinbase exchange has made significant improvements to its Solana network infrastructure to enhance speed, resiliency, and scalability. The exchange further said that certain technical improvements have been implemented that have boosted performance numbers for Solana transactions on the exchange.

Galaxy Digital's research team has unveiled a proposal to reform how Solana adjusts its token inflation rate. Part of the proposal introduces a new voting mechanism called Multiple Election Stake-Weight Aggregation.

AAVE's ecosystem upgrade could mark the beginning of a new wave of liquidity inflows.

The overall cash inflows to Solana DeFi products have gradually grown in the past few weeks. SOL price has consolidated between $123 and $134 in the past three weeks amid a growing bullish outlook.

President Faustin-Archange Touadéra of the Central African Republic hints at a Solana meme coin-related law, prompting the CAR token to spike.

The crypto ecosystem on Solana is experiencing an unprecedented rivalry. Raydium, a giant in decentralized exchanges, unveils LaunchLab, a token creation platform designed to counter the meteoric rise of Pump.fun.

Solana price has risen by more than 10 percent in the last week and its momentum indicators and fundamentals align for further gains.

The investment universe for non-crypto native investors has largely revolved around Bitcoin and Ethereum ETFs. But that's changing fast with the introduction of a new Solana product on the Toronto Stock Exchange.