How this tool works
Sector Dominance: how big is each sector in the altcoin market?
By Menno van Ravels - 13 years in crypto, 3 bear markets survived, zero paid promotions
Last reviewed:
7 min readFree to read
Sector Dominance shows what share of the altcoin market is made up of a sector such as memecoins, AI, DeFi, perpetuals or Layer 1. It takes the largest coins by market cap (the top 125 or the top 300), removes Bitcoin, Ethereum, stablecoins, wrapped copies and tokenized real-world assets, and divides the sector's market cap by what is left. Free members see the heatmap of every sector and follow two sectors of their choice; Premium can overlay up to four sectors. It is a description of the market, not a forecast, a signal or advice.
- Coins in the universe
- 125 or 300
- Sectors tracked
- 12
- First measured day
- 4.6%
- Data source
- CoinGecko
the largest coins by market cap, ranked before anything is removed; you choose the size
Memecoins, AI, DeFi, Layer 1, Layer 2, Exchange tokens, Privacy, DePIN, Gaming, Perpetuals, DEX and RWA protocol (CoinGecko categories)
6 October 2026, the first daily measurement: about $25.3B of memecoins in a $550.3B altcoin market
market caps in US dollars, circulating supply
1 · Rank
Top 125 coins
by market cap, ranked before anything is removed
2 · Remove
- Bitcoin and Ethereum
- Stablecoins
- Wrapped, staked and bridged copies
- Tokenized real-world assets
removed places are not refilled
3 · Divide
Memecoins ÷ altcoin market
memecoins are part of both sides, so the share stays between 0% and 100%
01What is Sector Dominance?
Sector Dominance answers one question: how much of the altcoin market is a given sector? Pick a sector, such as memecoins, and the page shows that share as a line over time, so you can see whether the sector is taking a bigger or a smaller part of the altcoin market than before. You can overlay up to four sectors to compare them.
The altcoin market here means the 125 (or 300) largest coins by market cap, without Bitcoin, Ethereum, stablecoins, wrapped or staked copies of other coins, and tokenized real-world assets. A sector sits inside that market, so its share can never be above 100%. Sectors overlap: a coin can belong to more than one, so the shares of different sectors do not add up to 100%.
02How do you read it?
The headline number is the latest share of the first sector you selected. The line shows the same number for earlier days. A rising line means the sector is growing faster than the rest of the altcoin market, or the rest is shrinking. A falling line means the opposite.
Hover over the chart (or use the arrow keys) to see one day: each sector's share, its market cap and the altcoin market cap. Hold Ctrl and scroll to zoom, drag to pan, double-click to reset; a plain scroll over the chart just scrolls the page. When you overlay several sectors, 'Fit' scales every line to its own peak so small sectors stay readable; 'True share' shows the real sizes on one axis.
Under each sector in the heatmap you see the largest coins that make up its share on the latest measured day; click that line to open the full list with each coin's part of the sector and its market cap. A label such as '2 coins' or 'ZEC-driven' (one coin is more than half the sector) warns that the line is really one or two coins, not a sector trend. Layer 1 and Exchange tokens are most of the altcoin market itself, so they stay at the bottom of the heatmap as context; the rows are sorted by the 3-month change. A sector that the daily measurement has not covered yet says 'calculated, not yet measured'.
| What you see | What it means |
|---|---|
| Bright line | One sector's share of the altcoin market, one colour per sector |
| Break in the line | A day without data; the line is not drawn across it |
| Heatmap: share now | The sector's share of the altcoin market today |
| Heatmap: 1W to 1Y | How that share changed over the period. Green = the sector took a bigger part of the altcoin market, red = a smaller part. Large number is the relative change, small is percentage points |
| Heatmap: coin line under a sector | Which coins make up the share on the latest measured day, and how much of the sector each coin is |
| Label '2 coins' or 'ZEC-driven' | The sector's share is concentrated in one or two coins; read the move as those coins, not as a sector |
03How is the share calculated?
Every day the tool takes the 125 largest coins by market cap (or the 300 largest, when you switch to Top 300). The ranking is made first, before anything is removed. Then it removes Bitcoin and Ethereum, stablecoins, wrapped, staked and bridged copies of another coin, and tokenized real-world assets such as tokenized gold or treasury funds. Removed places are not refilled with coins ranked lower.
What is left is the altcoin market. The coins of a sector in it are the coins in the matching CoinGecko category. The share is the market cap of those coins divided by the market cap of the whole altcoin market, the sector included. Coins are matched by their CoinGecko ID, never by name or ticker. Top 300 makes small sectors such as DePIN or Privacy easier to see.
A day with no coins of a sector in the universe is a real 0%. A day with missing data has no number at all, instead of a made-up zero.
04Where does the data come from?
Market caps, ranks and the category lists come from the CoinGecko API. Each daily observation stores the 300 largest coins with their flags, so the same data can be recalculated later with a different universe size. A stored observation is never changed afterwards.
An observation is only stored when the full response passes checks: all 300 ranks present, valid market caps and recent prices. If a check fails, nothing is stored for that day and the page says so, instead of showing old data as new. A sector has measured days only from the day it was first tracked.
05What is the history before measurement?
Daily measurement starts on 6 October 2026 (memecoins) and is stored per sector from the day it is tracked. To give the chart a past, the line before that date is calculated from past market caps. We take about 1,000 coins that are large today, look up their daily market cap since 2020, rank them for each past day, and apply the same exclusions and today's categories.
That is a good picture of the trend, but it is not recorded history. Top 300 can only be calculated from about 2023, when enough of today's coins existed.
06What are the limits?
Treat the number as a description of the market, not as something to trade on.
Calculated history is approximate
It starts from coins that are large today. Coins that faded or disappeared are missing, and past rankings are inferred. Early periods are the least reliable.
Labels are today's labels
A coin counts as part of a sector in the whole calculated history if CoinGecko labels it that way now. Categories can change over time.
Other sources differ
Other providers use another list of coins per sector or another universe, so their numbers will not match exactly. Compare the direction, not the decimals.
A share is relative
The share can fall while a sector's prices rise, if the rest of the altcoin market rises faster. It does not say whether prices go up or down.
07An example of use
A made-up example. Suppose the memecoin share has moved from 9% to 5% over a year. That tells you memecoins became a smaller part of the altcoin market, not that they lost 45% of their value. A sensible next step is to look at the market cycle with the Cycle Map or the Altcoin Season Index before drawing conclusions.
08Who can use it?
Free members see every sector's current share in the heatmap, and follow two sectors of their choice in full: the last 12 months of their chart, their change over 1 week to 1 year and the coins they are made of. They choose each sector once; it cannot be changed later. Premium opens every sector, lets you overlay up to four, adds the Top 300 universe, the full history back to 2020, and the change over time and coin breakdown of every sector.
09Frequently asked questions
What does Sector Dominance measure?
The share of the altcoin market that is made up of one sector: the sector's market cap divided by the market cap of the 125 (or 300) largest coins, without Bitcoin, Ethereum, stablecoins, wrapped copies and tokenized real-world assets.
Why are stablecoins and wrapped coins left out?
They are not separate bets on the altcoin market. A stablecoin tracks a dollar and a wrapped coin is a copy of another coin, so counting them would distort the share.
Is the history real or calculated?
Daily measurement started on 6 October 2026. Everything before that is calculated from past market caps of coins that are large today, so it is an approximation of the trend rather than recorded history.
Is a rising share a buy or sell signal?
No. It describes how big memecoins are compared with the rest of the altcoin market. It is not a forecast, a signal or advice.
Which coins count as part of a sector?
The coins in the matching CoinGecko category at the time of each observation. The history before 6 October 2026 uses today's category lists.
Why do the sector shares not add up to 100%?
Sectors overlap. A coin can be both a Layer 1 and a DeFi coin, and then it counts in both sectors. Each share is measured against the same altcoin market.