Grayscale Updates Top 20 Crypto Assets for Q3, Adds Avalanche and Morpho

On the 26th, Grayscale Research, a subsidiary of major cryptocurrency operator Grayscale, announced the update of its top 20 cryptocurrency assets list for the third quarter of 2025 (July to September), with the new additions of Avalanche (AVAX) and Morpho (MORPHO). Concurrently, Lido DAO (LDO) and Optimism (OP) were removed from the list. Avalanche is currently ranked sixth in the smart contract platform sector by market capitalization, and has seen a recent surge in trading volume. This increase is attributed to the integration with the MapleStory game and a rise in stablecoin transaction volume, which are seen as positive signs of competitive strength.