Grayscale Updates Top 20 Altcoin List for Q1 2025 with New Additions and Insights on Emerging Trends
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Grayscale Updates Top 20 Altcoin List for Q1 2025 with These 6 New Additions
In its latest report, Grayscale Research has released an updated list of the top 20 altcoins for the first quarter of 2025. The list includes six new additions that focus on blockchain AI, Solana growth, and decentralized finance.
According to the report, the added tokens aim to demonstrate strong potential for the upcoming quarter. The selection process involves assessing risk-adjusted returns expected in Q1 2025. Grayscale has removed some tokens from the list, including Celo (CELO), citing their diminished prospects going forward.
The company’s decision to include Hyperliquid (HYPE) is particularly noteworthy. This Layer 1 blockchain powers financial applications and operates a decentralized exchange for perpetual futures with a fully on-chain order book. The platform has attracted attention due to its novel approach in the crypto space.
Another new addition, Virtual Protocol, allows users to create tokenized AI agents on Base, an Ethereum Layer 2 network. This functionality enables autonomous interactions between AI entities and users. Its potential to revolutionize the way AI is used in the industry makes it an attractive prospect for investors.
Grayscale has also added Jupiter, which serves as a decentralized exchange aggregator on Solana, boasting the highest total value locked (TVL) of any application on the network. Jito, another Solana-based project, has also been included. This liquid staking protocol generated over $550 million in fees in the final quarter of 2024.
Furthermore, Grayscale’s report highlights growing competition among smart contract platforms. Despite Ethereum’s notable achievements in Q4 2024, it is facing increasing pressure from alternatives such as Solana and The Open Network. These platforms have found success by addressing the “blockchain trilemma,” striking a balance between scalability, security, and decentralization through innovative solutions.
Grayscale has recognized these developments by including Ethereum, Solana, Sui, and Optimism in its top 20 list for Q1 2025. The asset manager believes that these platforms can generate sustainable fee revenues while delivering long-term value to their ecosystems.
The report also underscores the significance of fee revenue as a driving force behind the value of smart contract platform tokens.
Source: cryptopotato.com
