Solana Joins
Grayscale’s
Top 20
List Alongside
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
Solana Joins Grayscale’s Top 20 List Alongside Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
by Krishi Chowdhary
24 minutes ago
in Altcoin News , Crypto News
0
Leading asset manager Grayscale has updated its list of the top 20 high-upside
tokens. The new list has six additions, out of which two tokens – Jupiter
($JUP) and Jito ($JTO) – run on Solana.
Jupiter is one of the biggest aggregators of decentralized exchanges on
Solana, with the highest Total Value Locked (TVL) of all applications on the
network. Jito is another popular project – a liquid staking protocol that
generated over $550M in fee revenue in 2024.
The remaining four new tokens are Virtuals Protocol ($VIRTUALS), Grass
($GRASS), Ethena ($ENA), and Hyperliquid ($HYPE).
How Did Grayscale Choose Top Tokens?
In a report published on December 30, 2024, Grayscale explained that all the
tokens on its list were associated with one of the three parameters:
Trump’s victory in the US elections and its effect on decentralized finance
(DeFi) and staking.
New discoveries in decentralized AI technologies.
The growing dominance of Solana’s ecosystem.
Grayscale expects most tokens that exhibit these parameters to perform well in
2025.
Two projects from the Solana ecosystem joining this list suggests a
transformative shift in the crypto industry. Until now, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
have dominated the crypto space, but the status quo might be about to change.
On top of that, Solana ($SOL) outperformed both $BTC and $ETH for the first
time ever. The network experienced an all-time low in 2022 after the collapse
of FTX. However, since then, $SOL value grew by 2,000%.
As per Glassnode s report , 727 days passed since $SOL’s 2022 dip. Out
of this time, $SOL price action beat both $BTC and $ETH on 344 days.
Could 2025 Be the Year of $SOL ETFs?
Grayscale’s interest in Solana can also be an indication that it might be
contemplating issuing $SOL ETFs – just the way it did with $BTC.
Experts predict a huge demand for $SOL ETFs. The main reason for this is that
$SOL’s market cap is $91B, which is far less than $ETH s $403B market
cap. This means that even a small investment in $SOL can have a huge positive
impact on its value.
A company like Grayscale will certainly not want to miss an opportunity like
this. However, it must first tackle a few obstacles. For instance, the $SOL
ETF is still under review by the US Securities and Exchange Commission• Экономика » Финансы » Финансовое регулирование » Органы финансового регулирования » Комиссия по ценным бумагам и биржам США
• Объект организация » Организации по алфавиту » Организации на Ко » Комиссия по ценным бумагам и биржам США (SEC• Экономика » Финансы » Финансовое регулирование » Органы финансового регулирования » Комиссия по ценным бумагам и биржам США
• Объект организация » Организации по алфавиту » Организации на Ко » Комиссия по ценным бумагам и биржам США).
We re likely to see a preliminary decision by the end of January 2025.
Closing Remarks
All this is positive news for investors into $SOLX , a new Layer-2 scaling
solution for Solana that addresses the main network s scalability
issues. Some industry experts, like ClayBro , call $SOLX the next 100x token .
However, remember to exercise caution and do your own research before
investing your hard-earned money in any asset, including the best meme coins .