Key Takeaways
- Grayscale Analysis has added Hyperliquid, Ethena, Digital Protocol, Jupiter, Jito, and Grass to its high 20 crypto property for Q1 2025.
- The agency’s listing displays a concentrate on decentralized AI applied sciences and Solana ecosystem progress.
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As 2024 attracts to an in depth, Grayscale Analysis has revealed its up to date list of the top 20 crypto assets anticipated to carry out nicely within the upcoming quarter. The listing options six new altcoins, together with Hyperliquid (HYPE), Ethena (ENA), Digital Protocol (VIRTUAL), Jupiter (JUP), Jito (JTO), and Grass (GRASS).
Grayscale Analysis notes that these updates are influenced by themes surrounding the implications of the US elections, developments in decentralized AI applied sciences, and progress throughout the Solana ecosystem. The staff forecasts these will probably be key themes for Q1 2025.
Decentralized AI platforms had been beforehand included on Grayscale’s This fall 2024 listing, that includes Bittensor (TAO). For the subsequent quarter, there’s a heightened emphasis on this sector with the inclusion of VIRTUAL and GRASS.
Launched in October 2024 on Base, Virtuals Protocol permits customers to create, deploy, and monetize AI brokers with out requiring technical experience. The VIRTUAL token hit $1.4 billion in market value inside one month of launch. At press time, it’s the largest AI agent coin with a market cap of $3.4 billion, based on CoinGecko data.
Tapping into each the rising AI and Solana ecosystems, Grass is a decentralized community constructed on Solana’s layer 2. It permits residential customers to contribute their unused web bandwidth via nodes, which acquire public internet information for AI coaching. The GRASS token has soared round 160% since its launch in late October, per CoinGecko.
In the meantime, Hyperliquid has emerged as a pacesetter in buying and selling quantity and complete worth locked amongst decentralized perpetual swap platforms. Its HYPE token has risen roughly 300% since its November 29 launch, reaching $28.
Jupiter leads as the first DEX aggregator on Solana with the very best complete worth locked, whereas Jito, a liquid staking protocol, generated over $550 million in charge income in 2024, Grayscale Analysis highlights.
Alongside the brand new additions, six property—Toncoin (TON), Close to (NEAR), Stacks (STX), Maker (MKR), Celo (CELO), and UMA Protocol (UMA)—had been faraway from the listing.
In line with Grayscale Analysis, these initiatives stay related to the crypto ecosystem, however the staff believes the revised choice affords a extra compelling risk-adjusted return profile for the subsequent quarter.
The good contract area
A key remark from Grayscale Analysis is the rising competitors within the good contract platform section. Though Ethereum had some massive wins within the fourth quarter, it confronted more and more aggressive strain from different blockchains, particularly Solana.
Furthermore, buyers have began different options to Ethereum, like Sui and TON. These platforms, based on Grayscale Analysis, have completely different approaches to the “blockchain trilemma.”
The staff reiterates that charge income will probably be a key driver of worth for good contract platform tokens. They recommend {that a} platform’s potential to generate charges is straight associated to its market capitalization and its potential to reward token holders via mechanisms like token burning or staking.
“The higher the power of a community to generate charge income, the higher the community’s potential to go on worth to the community within the type of token burn or staking rewards. This quarter, the Grayscale Analysis Prime 20 options the next good contract platforms: ETH, SOL, SUI, and OP,” the report wrote.
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