Every quarter, Grayscale Research lists the top 20 assets in the cryptocurrency industry, which represent diversified assets in the cryptocurrency industry and also represent that Grayscale believes these assets have high potential in the coming quarter.
In Q1 2025, Grayscale will focus on tokens that involve at least one of the following three core market themes:
(1) The US election and its potential impact on industry regulation, especially in areas such as decentralized finance (DeFi) and staking;
(2) Continued breakthroughs in decentralized AI technology and the use of AI agents on blockchain;
(3) The growth of the Solana ecosystem.
Based on these themes, Grayscale has added six new assets to the Top 20 list for Q1 2025. They are HYPE, ENA, VIRTUAL, JUP, JTO, and GRASS.
The complete list of Top 20 tokens is shown below