Grayscale’s Top 15 Crypto Assets for Q1 2025: Winners and Losers

Grayscale Research has released its updated list of the top 15 crypto assets based on fully diluted valuation (FDV) for Q1 2025. According to CryptoRank data, the list highlights trends in U.S. election tokens, the Solana ecosystem, and AI-focused cryptocurrencies.

New additions include $HYPE, $ENA, $VIRTUAL, $JUP, $JTO, and $GRASS. Notable removals include $TON, $NEAR, $STX, $MKR, $UMA, and $CELO. These updates reflect shifting market dynamics and investor interest.

New Additions to the List

Hyperliquid ($HYPE) is priced at $25.28, with a 24-hour trading volume of $148,179,280, showing a marginal decline of 0.06%. Ethena ($ENA) stands at $1.16, trading $434,089,438 in 24 hours but is down 3.30%.

Virtuals Protocol ($VIRTUAL), priced at $3.85, has seen a trading volume of $385,432,435 and dropped 6.70%. Jupiter ($JUP) trades at $0.945954 with $72,871,714 in 24-hour volume, down by 0.54%.

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Jito ($JTO), at $3.25, bucks the trend with a 3.87% rise and $58,447,697 in trading volume. Grass ($GRASS) is priced at $2.92, with a trading volume of $124,454,384, declining by 6.45%.

Removed Coins Still Relevant

Although removed from the top 15 list, assets like Toncoin ($TON) remain influential. Currently priced at $5.68, it has a trading volume of $175,481,722, with a slight dip of 0.07%.

Similarly, NEAR Protocol ($NEAR) trades at $5.87 with $321,385,702 in 24-hour activity, down by 0.90%. Stacks ($STX) is at $1.76, showing a decline of 1.10%, with $138,886,949 in trading volume.

Maker, UMA, and Celo Overview

Maker ($MKR), a significant player in the DeFi space, has seen a 1.71% increase, trading at $1,607.84 with a volume of $123,190,424. UMA ($UMA), priced at $3.06, has a trading volume of $21,373,542, reflecting a 0.81% decline. Meanwhile, Celo ($CELO), at $0.724860, is down 0.44% with $61,897,039 in activity.