Grayscale Investments has unveiled its updated Grayscale Research Top 20 list, highlighting six new additions: Hyperliquid ($HYPE), Ethena ($ENA), Virtual Protocol ($VIRTUAL), Jupiter ($JUP), Jito ($JTO) and Grass ($GRASS).
The revamp follows a booming fourth quarter of 2024, which saw crypto markets surge and the industry’s market capitalization rise from $1 trillion to $3 trillion, largely driven by a positive reaction to the US election results was.
Grayscale’s analysis highlights widespread optimism across the digital asset landscape, with the FTSE/Grayscale Crypto Sectors Index posting significant gains. The market capitalization of cryptocurrencies now rivals global inflation-linked bonds and dwarfs U.S. high-yield bonds, but remains smaller than that of hedge funds or Japanese stocks.
This quarter, 63 new tokens were added to Grayscale’s index series, reflecting growing market participation, particularly in gaming, social media, etc.
