2 Altcoins Outperforming Ethereum and Solana, According to Glassnode
Despite the ongoing struggles in the cryptocurrency market, Glassnode, an on-chain analytics platform, recently published a report revealing some striking insights on altcoin profitability.
The data shows that while popular altcoins like Tron (TRX) and XRP continue to generate significant unrealized gains for their investors, larger altcoins such as Ethereum (ETH) and Solana (SOL) have suffered sharp declines in investor profitability this year.
Top Performers: Tron and XRP
According to Glassnode’s findings, Tron leads the list, with an impressive 84.6% of its total supply still in profit. Close behind is XRP, with 81.6% of its circulating supply remaining profitable. This means that a substantial majority of holders of these altcoins are in profit, even amidst the broader market challenges.
Struggling Altcoins: Ethereum and Solana
In contrast, Ethereum and Solana have faced significant downturns in profitability. As of the latest data, only 44.9% of Ethereum’s supply is currently in profit, marking a sharp 39.9% decline since the start of the year. Solana is in an even worse position, with just 31.6% of its supply in profit, which represents a staggering 46.8% drop from the beginning of 2025.
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Bitcoin and Other Altcoins: Moderate Decline
Bitcoin (BTC) sits in the middle of the pack, with 76.8% of its supply in profit, a notable but smaller decrease compared to some altcoins. Toncoin (TON), ONDO, and Dogecoin (DOGE) also see moderate profitability, with rates ranging between 50.8% and 74.3%.
Despite the recent declines, Glassnode’s analysis reveals that some altcoins still hold the vast majority of their supply in profit, underscoring the varying degrees of market performance across different tokens.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
