Grayscale Investments has updated its Top 20 crypto assets list for Q3 2025, adding Avalanche and Morpho while removing Lido DAO and Optimism.
Top 20 List Changes
Grayscale, a leading digital asset manager, has updated its Top 20 list for Q3 2025. The update includes **Avalanche** and **Morpho**, citing recent surges in transaction volumes and DeFi growth.
> "To make room for Avalanche and Morpho, this quarter we are removing Lido DAO (LDO) and Optimism (OP)." — [Grayscale Research Report, June 26, 2025].
The decision to remove **Lido DAO** and **Optimism** was made in light of regulatory scrutiny and economic considerations. These shifts are expected to influence **institutional portfolios**, increasing exposure to Avalanche's and Morpho's innovations.
Avalanche and Morpho Growth
Adding Avalanche highlights its recent growth in users and transactions, driven by gaming initiatives and stablecoin flows. Morpho's rise is supported by its **Total Value Locked** and DeFi developments, indicative of expanding institutional **DeFi lending**.
Impact on Institutional Interest
Institutional interest in DeFi could increase as Morpho integrates traditional financial technologies. Previous changes in Grayscale's asset allocation have impacted the liquidity and market perception of related **tokens and coins**, indicating potential for similar outcomes.
As regulatory pressure affects Lido's staking services, Grayscale's strategy reflects current market conditions. **Analysis and data trends** show a growing shift toward fundamentally strong and regulatory-compliant assets in the crypto landscape.
Grayscale's list changes could impact token liquidity and perception, as well as drive institutional interest towards DeFi initiatives.
