# The Flippening (flippening.org)

> Tracker of "flippenings": whether one crypto asset has overtaken another, mostly by market cap, plus a few country races (GDP, population). Every chart is the challenger as a percentage of the leader; 100% means it has flipped.

Current readings as of November 11, 2026. Crypto data refreshes daily shortly after 00:00 UTC; country data is annual, from the World Bank. Please cite the page URL and the "as of" date when quoting a number.

- Ethereum's market cap is 17.0% of Bitcoin's (not flipped yet, Nov 11, 2026). Peak: 83.2% on June 12, 2017.
- Solana's market cap is 19.6% of Ethereum's (not flipped yet, Nov 11, 2026). Peak: 37.1% on April 20, 2025.
- Tether's market cap is 70.4% of Ethereum's (not flipped yet, Nov 10, 2026). Peak: 99.1% on June 6, 2026.
- USDC's circulating supply is 39.9% of Tether's (not flipped yet, Nov 11, 2026). Peak: 83.0% on July 1, 2022.
- Hyperliquid's market cap is 35.2% of Solana's (not flipped yet, Nov 10, 2026). Peak: 40.0% on June 3, 2026.
- Solana's market cap is 73.4% of XRP's (behind again, Nov 10, 2026). Peak: 298.7% on November 8, 2024.
- XRP's market cap is 26.8% of Ethereum's (not flipped yet, Nov 10, 2026). Peak: 68.8% on October 24, 2019.
- XRP's market cap is 4.5% of Bitcoin's (not flipped yet, Nov 10, 2026). Peak: 10.6% on June 22, 2019.
- BNB's market cap is 35.6% of Ethereum's (not flipped yet, Nov 10, 2026). Peak: 45.8% on April 10, 2025.
- XRP's market cap is 75.1% of BNB's (behind again, Nov 10, 2026). Peak: 661.1% on November 28, 2020.
- Solana's market cap is 55.1% of BNB's (behind again, Nov 10, 2026). Peak: 134.1% on November 21, 2024.
- Zcash's market cap is 168.0% of Monero's (flipped, Nov 10, 2026). Peak: 266.3% on September 26, 2026.
- Bitcoin's market cap is 5.3% of gold's (not flipped yet, Nov 10, 2026). Peak: 11.4% on December 17, 2024.
- China's GDP is 63.4% of the US's (not flipped yet, 2025). Peak: 76.7% in 2021.
- India's population is 104.1% of China's (flipped, 2025). Peak: 104.1% in 2025.
- silver's market cap is 10.2% of gold's (not flipped yet, Nov 10, 2026). Peak: 25.1% on April 25, 2011.

## Trackers

- [Has Ethereum flipped Bitcoin yet?](https://flippening.org/): As of Nov 11, 2026, Ethereum's market cap is 17.0% of Bitcoin's. The daily flippening tracker, with ETH vs BTC market cap and usage since 2017.
- [Is Solana flipping Ethereum?](https://flippening.org/solana-vs-ethereum/): As of Nov 11, 2026, Solana's market cap is 19.6% of Ethereum's. The tracker also compares fees, DEX volume and TVL, with history back to 2020.
- [Will Tether flip Ethereum?](https://flippening.org/tether-vs-ethereum/): As of Nov 10, 2026, Tether's market cap is 70.4% of Ethereum's. Daily closes since 2019, including the near-flip of June 2026.
- [Is USDC flipping Tether?](https://flippening.org/usdc-vs-usdt/): As of Nov 11, 2026, USDC's circulating supply is 39.9% of Tether's. Track the stablecoin flippening with daily supply data back to 2020.
- [Will Hyperliquid flip Solana?](https://flippening.org/hyperliquid-vs-solana/): As of Nov 10, 2026, Hyperliquid's market cap is 35.2% of Solana's. Daily-close history since shortly after HYPE's launch in late 2024.
- [Will Solana flip XRP?](https://flippening.org/solana-vs-xrp/): As of Nov 10, 2026, Solana's market cap is 73.4% of XRP's. The two swapped the lead 14 times between 2021 and 2024, all listed below.
- [Will XRP flip Ethereum?](https://flippening.org/xrp-vs-ethereum/): As of Nov 10, 2026, XRP's market cap is 26.8% of Ethereum's. XRP's turns ahead of Ethereum came in 2017–19, before this data begins.
- [Will XRP flip Bitcoin?](https://flippening.org/xrp-vs-bitcoin/): As of Nov 10, 2026, XRP's market cap is 4.5% of Bitcoin's. Bitcoin has been more than nine times XRP's size on every close since June 2019.
- [Will BNB flip Ethereum?](https://flippening.org/bnb-vs-ethereum/): As of Nov 10, 2026, BNB's market cap is 35.6% of Ethereum's. Daily-close history since June 2019, including BNB's April 2025 high.
- [Will XRP flip BNB?](https://flippening.org/xrp-vs-bnb/): As of Nov 10, 2026, XRP's market cap is 75.1% of BNB's. The lead changed 15 times between 2021 and 2026, 11 of them in seven months.
- [Will Solana flip BNB?](https://flippening.org/solana-vs-bnb/): As of Nov 10, 2026, Solana's market cap is 55.1% of BNB's. SOL has led BNB four times, the first in December 2023, all listed below.
- [Has Zcash flipped Monero?](https://flippening.org/zcash-vs-monero/): As of Nov 10, 2026, Zcash's market cap is 168.0% of Monero's. Every lead change in the privacy-coin race since mid-2019.
- [Will Bitcoin flip gold?](https://flippening.org/bitcoin-vs-gold/): As of Nov 10, 2026, Bitcoin's market cap is 5.3% of gold's. Daily history since 2020, with gold valued from PAX Gold and WGC stock data.
- [Will China overtake the US?](https://flippening.org/china-vs-us/): As of 2025, China's GDP is 63.4% of the US's. Annual World Bank data since 1960. At purchasing-power parity, China passed the US in 2014.
- [Has India overtaken China?](https://flippening.org/india-vs-china/): As of 2025, India's population is 104.1% of China's. India passed China in population in 2021, in World Bank estimates. Its economy is far smaller.
- [Will silver flip gold?](https://flippening.org/silver-vs-gold/): As of Nov 10, 2026, silver's market cap is 10.2% of gold's. Daily since 2000. Silver came closest in April 2011, at 25.1% of gold.
- [All flippenings](https://flippening.org/flippenings/): every tracker ranked by how close it is to 100%

## Data (JSON, refreshed daily)

Format: {"labels": [ISO dates], "datasets": [{"data": [ratio x 100], "label": ...}]}

- [market-cap.json](https://flippening.org/market-cap.json): ETH / BTC market cap, %
- [active-addresses.json](https://flippening.org/active-addresses.json): ETH / BTC active addresses, %, 7-day average
- [transaction-count.json](https://flippening.org/transaction-count.json): ETH / BTC transactions, %, 7-day average
- [sol-marketcap.json](https://flippening.org/sol-marketcap.json): SOL / ETH market cap, %
- [sol-fees.json](https://flippening.org/sol-fees.json): SOL / ETH network fees, %, 7-day average
- [sol-dexvol.json](https://flippening.org/sol-dexvol.json): SOL / ETH dex volume, %, 7-day average
- [sol-tvl.json](https://flippening.org/sol-tvl.json): SOL / ETH total value locked, %
- [usdt-eth.json](https://flippening.org/usdt-eth.json): USDT / ETH market cap, %
- [usdc-usdt.json](https://flippening.org/usdc-usdt.json): USDC / USDT circulating supply, %
- [hype-sol.json](https://flippening.org/hype-sol.json): HYPE / SOL market cap, %
- [sol-xrp.json](https://flippening.org/sol-xrp.json): SOL / XRP market cap, %
- [xrp-eth.json](https://flippening.org/xrp-eth.json): XRP / ETH market cap, %
- [xrp-btc.json](https://flippening.org/xrp-btc.json): XRP / BTC market cap, %
- [bnb-eth.json](https://flippening.org/bnb-eth.json): BNB / ETH market cap, %
- [xrp-bnb.json](https://flippening.org/xrp-bnb.json): XRP / BNB market cap, %
- [sol-bnb.json](https://flippening.org/sol-bnb.json): SOL / BNB market cap, %
- [zec-xmr.json](https://flippening.org/zec-xmr.json): ZEC / XMR market cap, %
- [btc-gold.json](https://flippening.org/btc-gold.json): BTC / gold market cap, %
- [chn-usa-gdp.json](https://flippening.org/chn-usa-gdp.json): China / US GDP, %, annual
- [chn-usa-gdp-ppp.json](https://flippening.org/chn-usa-gdp-ppp.json): China / US GDP at PPP, %, annual
- [ind-chn-pop.json](https://flippening.org/ind-chn-pop.json): India / China population, %, annual
- [ind-chn-gdp.json](https://flippening.org/ind-chn-gdp.json): India / China GDP, %, annual
- [ind-chn-gdp-ppp.json](https://flippening.org/ind-chn-gdp-ppp.json): India / China GDP at PPP, %, annual
- [silver-gold.json](https://flippening.org/silver-gold.json): Silver / gold market cap, %

## Optional

- [llms-full.txt](https://flippening.org/llms-full.txt): every tracker's answer, key numbers and FAQ in one Markdown file