TLDR:
- Avalanche joins the gray -scale list after growing user activity and Stablecoin flows in its network.
- Morpho is ranked number two in the Defi loan of TVL, with the support of strong revenue and V2 launch.
- Lido was removed in the midst of regulatory problems that weakened the demand for decentralized efforts.
- Optimism dropped due to shrinking reserves and uncertain short -term value personnel.
Gray scales have been updated Its top 20 altcoins list for Q3 2025, making two remarkable changes that reflect changes in marketing activity and protocol performance.
Avalanche (Avax) and Morpho (Morpho) have been added to the lineup and replace Lido Dao (LDO) and optimism (OP). The revised list focuses on assets gray scale that has high growth potential during the next quarter.
The update follows an internal review of the sector’s basics, adoption trends and technical performance. All listed assets continue to have high volatility and risk.
Grayscale adding avalanche and morpho
According to Grayscale, avalanche gained its place due to increased adoption and user activity in its ecosystem.
They pointed to a new increase in transaction volume, partly linked to game-related Stablecoin feeds. This development indicates organic growth, as a grayscale sees as a positive indicator of Avalanche’s current market strength.
Avalanche is ranked among the best smart contract platforms by market value. Although competition in the sector remains strong, the latest activity spike differs it. Grayscale noted that although it is unclear whether this step will hold, the current growth signals are remarkable traction in their network.
Morpho, an Ethereum-based lending protocol, also joined the updated list according to strong performance metrics and a strategic expansion. The protocol is now ranked as the second largest decentralized lending platform with Total Value Locked (TVL) and exceeds $ 4 billion.
Grayscale’s report emphasized Morpo’s simple design and rapid growth in annual fee revenue, which has approached $ 100 million.
The latest launch of Morpho V2, which aims to bring decentralized lending to traditional financing, further strengthened its inclusion. Its growing footprint positions Morpho as a potential leader in the lending space on the chain.
Lido and optimism are removed by weaker view in the short term
Grayscale away Lido Dao and optimism, even though they are both critical to Ethereum ecosystem. Lido met headwinds due to regulatory shifts that can benefit centralized intervention options and weaken its positioning in the short term.
At the same time, the token token saw reduced reserves and returns on a limited fee, which raised concerns about short -term value.
Although both assets still have long -term significance, gray -scale uncertainty about their immediate prospects as the main reason for their removal. The company repeated that all assets in their top 20 list are high risk and should approach carefully.
Following The announcement, all four symbols, Avax, Morpho, LDO and OP, experienced pricing, according to Wisecrypto on X. This reaction reflects the broader volatility of the crypto sector, especially during the index’s rebuilds.
🚨 Grayscale just updated its Q3 2025 “Top 20 Altcoins” list:
👋 Removed: Lido Dao – $ LdoOptimism – $ OP
✅ Added: Avalanche – $ AVAXMorpho – $ MorphoImportant reasons:
• $ AVAX Power
• $ OP’s ETH reserves fell 54%
• $ Morpho Launch of V2 Targeting Tradfi
• … … pic.twitter.com/pvqelpy3xk– wise crypto (@wisecrypto_) June 27, 2025
Gray scale emphasized that investment decisions should not only consider grounds but also timing, macroeconomic conditions and regulatory changes.
