Grayscale: In Q1 2025, six new tokens, including HYPE and VIRTUAL, will enter the Top 20.

[Gray scale: In Q1 2025, 6 new Tokens, including HYPE and VIRTUAL, will enter the Top 20] Every quarter, Grayscale Research will list the top 20 assets in the Cryptocurrency industry, representing the diverse assets of the Cryptocurrency industry, and also representing Grayscale's belief that these assets have high potential in the next quarter. In Q1 2025, Grayscale will focus on Tokens that involve at least one of the following three core market themes: (1) The potential impact of the US election on industry regulation, especially in the areas of decentralized finance (DeFi) and staking; (2) The continuous breakthrough of decentralized AI technology and the use of AI agents in blockchain; (3) Growth of the Solana ecosystem. Based on these themes, Grayscale has added six assets to the Top 20 list for the first quarter of 2025. They are HYPE, ENA, VIRTUAL, JUP, JTO, and GRASS.

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