Grayscale’s latest Q3 2025 altcoin update showcases strategic shifts in its Top 20 list, emphasizing projects with robust network growth and real-world utility. Avalanche (AVAX) and Morpho join the roster, while Lido DAO (LDO) and Optimism (OP) are excluded. Notably, XRP and Cardano (ADA) remain absent, reflecting Grayscale’s focus on tangible ecosystem expansion over market sentiment.
Key Changes in Grayscale’s Top 20 Altcoins
AVAX and Morpho Added for Network Utility
- Avalanche (AVAX): Recognized for rising stablecoin transactions and gaming adoption, including partnerships like MapleStory.
- Morpho: A DeFi lending protocol with $4B+ in TVL, upgraded to enhance on-chain credit efficiency.
👉 Explore DeFi innovations with Morpho
LDO and OP Removed Amid Uncertainty
- Lido DAO: Despite dominance in Ethereum staking, regulatory concerns may have influenced its exclusion.
- Optimism: Limited OP token revenue growth and evolving Ethereum rollup plans likely contributed to its removal.
XRP and ADA Still Excluded
Grayscale continues to bypass XRP and ADA, prioritizing altcoins with clearer network expansion metrics. Current prices:
- XRP: $2.18 (-1.1%)
- ADA: $0.5604 (flat)
Grayscale’s Investment Strategy Shift
The firm’s updated criteria highlight:
- Real-world adoption over speculative value.
- Data infrastructure focus, as seen with its new Space and Time Trust for verified blockchain data.
FAQ Section
Why was AVAX added to Grayscale’s list?
AVAX demonstrated sustained network growth, particularly in gaming and stablecoin use cases, aligning with Grayscale’s focus on utility.
What led to Lido’s removal?
Potential U.S. regulatory shifts and competition from centralized staking alternatives may have impacted Grayscale’s decision.
Does XRP’s exclusion signal a lack of confidence?
Not necessarily—Grayscale’s criteria prioritize active ecosystem development, which may not fully reflect XRP’s market position.
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Disclaimer: This content is for informational purposes only and not investment advice. Conduct independent research before making financial decisions.
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