- Grayscale adds AVAX, MORPHO to Q3 2025 Top 20 list.
- Avalanche shines with gaming, stablecoin-driven transaction growth.
- Lido, Optimism dropped due to regulatory, economic challenges.
Grayscale Investments revised its Top 20 assets list to Q3 2025 to include Avalanche (AVAX) and Morpho (MORPHO) because of their high growth potentials.
Source – research.grayscale.com
The relocation indicates the company’s concentration on assets that have led to innovation in decentralized financial systems and smart contract environments. To fit these additions, Grayscale dropped Lido (LDO) and Optimism (OP).
Avalanche Gains Traction
AVAX caught its place because of the booming volumes of the on-chain transactions. According to Grayscale, the company registered high levels of user activity, especially in gaming integrations such as MapleStory, and stablecoins use. The organic growth is evidence of a strong ecosystem, and Avalanche is well placed to become an important smart contract protocol.
The company stressed the capacity of Avalanche to perform numerous transactions. According to Grayscale, recent activity of the network demonstrates solid fundamentals, which makes it an obvious choice to include in our portfolio, as stated in the Q3 2025 Crypto Sectors report. AVAX is trading at a price of above $17 even in a bearish market, and this price can increase to touch $ 20 in case the bullish trends continue CoinJournal.
Morpho’s DeFi Innovation
Morpho’s participation is a result of the accomplishments it has made in decentralized financing. With the introduction of Morpho V2, the market is introduced to market-driven, fixed-rate loans with variable periods, therefore merging conventional finance with decentralized finance. Morpho, along with Aave and Maple Finance, seen by Grayscale as being in a favorable position to capitalize on the expansion of on-chain financing.
The same Grayscale reported that, by aligning the decentralized finance to institutional requirements, Morpho V2 has predictable loan structures. The update provides support of various assets and real world assets (RWAs) on the collateral, making it more flexible. The financial growth of morpho demonstrates that it has a potential of a high market share.
Lido was dropped as a result of regulatory uncertainty with staking, which may affect its revenue in fees. Optimism, although deployed to the Layer 2 scaling, did not capture economic value, so it was removed. These decisions were based on Grayscale-developed taxonomy (in partnership with FTSE/Russell), Crypto Sectors.
Grayscale has diversified the Top 20 list with high-volatility assets, such as Bitcoin, Ethereum, Solana, and others. The company pointed out that all their listed assets are of great risk, but the expected growth of Q3 2025 is great.
The Q3 update by Grayscale is an indication of a targeted approach toward assets that have a well-formed foundation and are relevant to the market. The growth of the ecosystem in Avalanche and DeFi innovations in Morpho are trends that fit the new interest in crypto. The delisting of Lido and Optimism illustrates a conservative approach to assets with regulatory or economic issues on the part of Grayscale.
