🌋 Top 20 Crypto Assets for Q1 2025: Grayscale Report
posted 31 Dec 2024
Grayscale, a leading U.S. digital asset management company, has unveiled its updated list of the top 20 cryptocurrencies for Q1 2025, shaping the foundation of its crypto indices.
Grayscale’s quarterly analysis is integral to the development of the FTSE/Grayscale Crypto Sectors indices. The evaluation considers hundreds of digital assets, focusing on network growth, fundamental resilience, upcoming key events, and risk factors.
Based on their latest findings, six new assets were added to the Top 20 list:
Grayscale emphasizes that all the assets included in the list are highly volatile and come with substantial risks. However, they also present strong potential for successful adaptation in the rapidly evolving cryptocurrency market.
Based on their latest findings, six new assets were added to the Top 20 list:
- HYPE (Hyperliquid): A native token for a first-layer blockchain specializing in financial applications, including a decentralized exchange (DEX) with on-chain order book support for perpetual futures trading.
- ENA (Ethena): A protocol backing the USDe token with hedged BTC and ETH positions, offering returns derived from spot and futures price spreads.
- VIRTUAL (Virtuals Protocol): A platform on the Base L2 blockchain that enables the creation of tokenized AI agents with autonomous decision-making and interaction capabilities.
- JUP (Jupiter): Solana's leading DEX aggregator, capitalizing on the rise in retail trading and the increasing popularity of Solana-based memecoins and utility tokens.
- JTO (Jito): A liquid staking protocol on Solana that has seen substantial growth, generating $550 million in fees throughout 2024.
- GRASS (Grass): A decentralized data network that rewards users for sharing unused internet bandwidth, which is utilized for web scraping and sold to AI companies.
Grayscale’s Top 20 Crypto Assets for Q1 2025. Source: Grayscale
At the same time, projects like TON, Near, Stacks, Maker (Sky), UMA Protocol, and Celo have been excluded from the list. While these assets continue to play an important role in the crypto ecosystem, Grayscale has prioritized assets with more promising risk-reward profiles for this quarter.
Grayscale emphasizes that all the assets included in the list are highly volatile and come with substantial risks. However, they also present strong potential for successful adaptation in the rapidly evolving cryptocurrency market.
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