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Grayscale updated its Top 20 list for Q3, adding AVAX and MORPHO

Published

7 months ago

June 27, 2025

Crypto Asset Supervisor Grayscale has up to date its prime 20 listing for the third quarter and added Avalanche and Morpho – two property that can see it strongly potential within the coming months.

On June 26, Grayscale up to date the High 20 activa listing as a part of his Q3 2025 Crypto Sectors ReportWith the one modifications the addition of avalanche (Avax) and Morpho (Morpho).

In keeping with Grayscale Analysis Staff, Avalanche has been added because of a latest enhance in transaction quantity and person exercise, presumably linked to new gaming integrations (specifically the boarding of online game Maplestory) and Stablecoin use, which means that natural ecosystem development development.

Supply: Avax and Morpho Added to the High 20 for Q3 2025 | research.graycale.com

Morpho was admitted for its speedy growth as a decentralized mortgage protocol, now the second largest on locked worth, with greater than $ 4 billion and rising reimbursements. Grayscale additionally emphasised the launch of Morpho V2 final month, aimed toward bridging Defi with conventional monetary establishments.

Extra typically, the corporate sees a robust potential in lending on the chain and believes that lending-oriented property akin to Morpho, Aave (Aave) and Maple Finance (syrup) (additionally on the highest 20 listing) are effectively positioned to catch a significant a part of future development within the sector.

To make room for Avax and Morpho, Lido (LDO) and optimism (OP) have been eliminated, regardless of their core rolls within the set -up and low 2. Grey values, regulatory uncertainty marked the usage of Lido’s earnings, whereas having optimism to beat the financial worth regardless of widespread technical accegation.

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The report additionally handled wider traits within the crypto sector. Q2 2025 noticed blended returns about segments, with Bitcoin main revenue within the foreign money sector. Sensible contract platforms registered a rise within the transaction quantity, however the earnings from the reimbursement decreased when the memecoin exercise cooled. Grayscale emphasised the rising curiosity in decentralized AI, Defi loans and good contract platforms regardless of wider macro and regulatory uncertainty.

Furthermore, the corporate has accomplished the launch of its AI-Crypto sector, with 24 AI-related tokens now value $ 15 billion, led by Bittensor (TAO).