In the third quarter of 2025, Grayscale revised its top-20 cryptocurrency list, excluding some well-known tokens and adding new projects with active developments.
Grayscale Focuses on Real Activity
Grayscale is changing its selection criteria for cryptocurrencies, now emphasizing core metrics such as active blockchain usage. As a result, Avalanche and Morpho made it into the top-20, while giants like XRP and Cardano were excluded.
Exclusion of XRP and ADA from the Top
The exclusion of tokens like XRP, ADA, BNB, and TRON surprised parts of the community. Despite their high market capitalization, Grayscale links this to a lack of traction. XRP is stagnating, remaining 45% below its all-time high and showing a 70% drop in network activity.
Discussion of Grayscale's New Strategy
Experts note that this new strategy could set a precedent in the cryptocurrency industry. Grayscale emphasizes that only real activity and adoption on the blockchain will matter in an increasingly competitive market.
As Grayscale shifts focus towards real indicators, this approach may significantly influence the future of many crypto projects. With the new selection criteria, only active and rapidly growing projects are likely to succeed.
