Grayscale upsets the crypto ranking of the third quarter of 2025 with a selection centered on actual activity rather than capitalization. Exit XRP, ADA and BNB! Two projects in full Ascension take over: Avalanche and Morpho.
In short
- Grayscale integrates avalanche and morpho to its top 20 crypto, betting on onchain activity.
- XRP, ADA and BNB are excluded for lack of traction, despite their strong capitalization.
Grayscale favors real adoption in Crypto selection
Grayscale is now putting on ONCHAIN fundamentals to determine Crypto projects with high potential. This strategy led to the integration of Avalanche and Morpho in its Top 20, at the expense of giants like XRP and Cardano.
To defend its position, the company said that the process is based on:
- adoption;
- transaction costs;
- volume;
- sustainability.
Avalanche was able to seduce thanks to the rise of its blockchain ecosystem. We mainly refer to web games as MapleStory as well as to the growing use of stablecoins. The activity of the Crypto network has accelerated significantly, signaling a long -term organic growth potential.
On the side of Morphoperformance is even more striking. TVL of this crypto asset now exceeds $ 4 billion, with almost $ 100 million in annual income. In his reportGrayscale even believes that Morpho could capture a significant part of the Onchain loan alongside Aave and Maple Finance.
XRP and ADA excluded from the top 20 crypto despite their notoriety
THE withdrawal from XRP, ADA, BNB and Tron surprised part of the Crypto community. These tokens are still among the most capitalized on the market. However, Grayscale dismisses them for their current lack of traction.
For example, XRP stagnates despite Ripple's partnerships. There remains 45 % under its highest history and has posted -4 % since January. Analysts also report a 70 % drop in network activity.
Same trend for ADA, down 35 % this year (despite its ambitions to integrate Bitcoin into its deffi). There fall in their performance So calls into question their place in high conviction wallets.
Grayscale's new approach could therefore go to school. In an increasingly competitive crypto market, only performance on blockchain now counts.
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