Grayscale Research adds six tokens to its 'Top 20' for next quarter
Grayscale Research has added Hyperliquid, Ethena, Virtual Protocol, Jupiter, Jito, and Grass to its ‘Top 20’ list of tokens for Q1 2025.Optimism, Chainlink, and Helium tokens returned to the list, while Celo was removed.
Grayscale Research added six tokens to its ‘Top 20’ list of diversified crypto assets that, in its view and based on multiple factors, display a high degree of potential over the next quarter.
The included tokens are Layer 1 blockchain Hyperliquid’s HYPE, Ethena’s ENA, Base-based AI agent platform Virtual Protocol’s VIRTUAL, Solana-based DEX aggregator Jupiter’s JUP, Solana-based liquid staking protocol Jito’s JTO, and decentralized data network Grass’ self-titled token.
Grayscale noted that the decision to include these tokens was based on network growth and adoption, upcoming catalysts, fundamental sustainability, token valuation and supply inflation, and potential tail risks.
Grayscale Research said that for Q1 2025, its focus would be on themes touching the regulatory environment in the United States, decentralized finance and staking, decentralized AI technologies and agents, and the growth of the Solana ecosystem.
Additionally, Grayscale Research noted that it remains optimistic regarding previous quarters’ themes, such as Ethereum scaling solutions, tokenization, and decentralized physical infrastructure, also known as DePIN. Specifically, the team notes that Optimism, Chainlink, and Helium have returned to its ‘Top 20,’ while Celo has fallen off the list.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Forex Today: US Dollar retreats following NFP-inspired rally
Morgan Stanley Maintains "Overweight" Rating on Four Major U.S. Retail Stocks: This Quarter’s Earnings Unlikely to End Bull-Bear Debate, "Flat" Results May Offer Good Entry Opportunity
When the market's attention is fully focused on AI and agent-based e-commerce, the very "lack of excitement" in retail stocks may actually be the starting point for a contrarian strategy.
US Treasury "Liquidity Drain" Starts Again: Treasury Department Aggressively Issues Short-term Debt—Can Fragile AI Trading Withstand the Storm?
As artificial intelligence (AI) trading faces significant challenges, another liquidity “drain” triggered by U.S. Treasury issuance appears poised to impact the entire U.S. stock market.

Goldman Sachs: The U.S. stock market will have a "final surge" in 2027, but what follows may resemble the period just before the 2000 bubble burst
Goldman Sachs warns that the three core variables driving the strong performance of U.S. stocks over the past four years—earnings growth, capital flows, and the AI narrative—have all deteriorated at the margin. It is expected that the S&P 500 will complete its last round of gains, after which, in 2027, it will face the largest net equity supply shock since the bursting of the internet bubble in 2000.
