Grayscale, as a company that has been operating in cryptocurrency-related exchange traded funds (ETFs) and other exchange-traded products (ETPs) for many years, announced that they have included six new projects in the Grayscale Research Top 20 list.
Newly Added Projects
New assets added to the list include Hyperliquid, Ethena, Virtuals Protocol, Jupiter, Jito and Grass. Grayscale stated that these projects have high volatility and therefore involve high risk.
Selection Process and Evaluation Criteria
Grayscale analyzes projects using multiple metrics such as community growth, development progress, etc. to evaluate digital currencies. Current areas of focus include the impact of US political decisions on crypto control, AI integration, and the expansion of the Solana ecosystem.
Excluded Projects and Reasons
Projects such as TON, Near, Stacks, Maker, UMA Protocol and Celo were removed from the top 20 list. While Grayscale stated that these projects are valuable, he stated that the updated list offers more “attractive risk-adjusted returns” for the next quarter.
Virtuals Protocol allows users to build and share AI-powered digital assets on the Base blockchain. VIRTUAL experienced a price increase of 45,844% after its launch in March 2024.
Grayscale Researchconducts such assessments to guide the rebalancing of index families. 20 promising blockchain projects are selected taking into account criteria such as community expansion, development milestones, key metrics, price evaluation, distribution rates and potential drawbacks.
Optimism, Chainlink, re-included in the list $22.4 and projects like Helium, Ethereum 
$3,464.0 Its scaling reflects Grayscale’s belief in tokenization and the decentralized physical infrastructure network (DePIN) narrative.
Grayscale aims to offer investors a wider and more diverse choice with these updates to the cryptocurrency market. It is stated that the list, which includes high potential projects, is shaped in accordance with market dynamics.
Grayscale’s updates to the Top 20 list highlight diversity and innovation in the crypto market. While newly added projects reflect current trends such as artificial intelligence and blockchain integration, removed projects aim to offer stronger risk-adjusted returns. These changes can enable investors to be better prepared for future market movements.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
