Grayscale shakes up its Top 20 crypto list, welcoming AVAX and Morpho while established names remain absent. Dive into the shifting trends and insights driving these changes.
What's crackin', crypto fam? Grayscale just dropped its Q3 2025 Top 20 crypto tokens list, and it's got everyone buzzing. Big changes are afoot, so let's dive into what this means for the market.
The New Kids on the Block: AVAX and Morpho
Avalanche (AVAX) and Morpho (MORPHO) are the fresh faces on Grayscale's list, snagging spots thanks to their recent performance and solid growth. AVAX is killin' it with transaction volume and user adoption, boosted by stablecoins and gaming app integrations. Morpho, on the other hand, is making waves in DeFi lending, especially with the launch of Morpho V2 aimed at bringing DeFi to the big leagues of traditional finance.
Who Got the Boot? Lido and Optimism
Say goodbye to Lido DAO (LDO) and Optimism (OP), at least for now. Grayscale cited regulatory uncertainty around staking services as a potential hit to Lido's revenue. Optimism, despite its tech, apparently struggled to capture economic value. This signals a shift towards prioritizing short-term momentum and adoption over sheer sector dominance.
XRP and Cardano: Still on the Sidelines
For yet another quarter, XRP and Cardano (ADA) are MIA. Considering the buzz around potential spot ETF approvals for XRP, this is a head-scratcher. Analysts are even giving a thumbs-up to XRP ETF possibilities. It's got industry watchers wondering about Grayscale's evaluation methods, that's for sure.
Grayscale's Take on Sector Trends
Grayscale's Q3 report highlights some cool trends. Bitcoin's outperforming in the currency game, and smart contract platforms are seeing tons of transactions, even if fees are dipping thanks to the memecoin craze cooling off. Decentralized AI, DeFi lending, and smart contract solutions are also in the spotlight.
LunarCrush Galaxy Score: A Different Perspective
Meanwhile, LunarCrush dropped its Galaxy Score leaderboard, and it's a whole different ballgame. TAO is leading the pack, with VOXEL, SYLO, and GEL close behind. This score focuses on social and market activity, giving props to projects with strong community engagement and momentum.
My Two Satoshis
Grayscale's choices show a clear interest in assets with tangible utility and revenue generation. The inclusion of Morpho, with its impressive TVL and fee revenue, speaks volumes. Also, keep an eye on projects like SYLO and GEL from the LunarCrush rankings, as community-driven projects could be the next big thing.
So, there you have it, folks! Grayscale's latest rankings are a reminder that the crypto landscape is always evolving. Stay curious, do your research, and happy investing!
