Grayscale snubs heavyweight XRP in top 20 crypto list
Grayscale has updated its Top 20 crypto assets for the third quarter of 2025, naming Avalanche (AVAX) and Morpho as new entrants while dropping Optimism and Lido DAO, according to a July 26 report.
The firm emphasized that the changes reflect a research-driven selection process that favors on-chain traction over popularity or market capitalization.
Following these additions, the Top 20 list includes a mix of established names such as Bitcoin, Ethereum, Solana, Sui, and Chainlink, along with DeFi protocols like Aave, Uniswap, Hyperliquid, and newer entrants like Bittensor, Ethena, Story Protocol, Aerodrome, and Geodnet.
Why AVAX and MORPHO were added
Grayscale said Avalanche made the…
