Grayscale Research has released an updated list of 20 digital assets with the highest growth potential for the second quarter of 2025. The selection includes both major cryptocurrencies and new names. Analysts also noted a general decline in market performance at the beginning of the year and rising volatility.
Who Made the List
According to Grayscale analysts, the assets with the strongest growth outlook for Q2 2025 include BTC, ETH, SOL, LINK, UNI, AAVE, TAO, OP, LDO, HNT, AERO, SYRUP, and GEOD.
Among the newcomers to the list are Maple (SYRUP), Geodnet (GEOD), and Story Protocol (IP). All 20 assets included in the ranking remain highly volatile and, according to the company, fall into the high-risk category.
Declining Interest in Altcoins
By the end of the first quarter, the overall crypto market capitalization had decreased. The FTSE/Grayscale Crypto Sectors indices showed an 18% drop as of March 21. This decline coincided with a correction in the stock market and a fall in tech stock prices. The steepest losses were seen in the Consumer & Culture segment, mainly due to falling prices of Dogecoin and other memecoins.
Three out of five projects tracked by Grayscale Crypto Sectors fall under the blockchain applications category. In the first quarter, these projects collectively generated over $2 billion in revenue. However, interest in decentralized applications has declined — particularly amid decreasing memecoin trading volume on Solana.
What about Bitcoin
Activity on the Bitcoin network remained high in the first quarter. The number of addresses with a balance of at least $1 reached 48 million — a record. At the same time, the number of unique active users remained stable at around 11 million per month. According to analysts, this gap suggests growing demand from long-term investors who view BTC more as a store of value than a means of payment.
The network’s hash rate also increased, reaching nearly 800 EH/s. This indicates that 5 to 6 million miners around the world are making roughly 800 quintillion attempts per second to solve the Proof-of-Work algorithm.
Growth of the Overall Market
As of the latest index rebalancing, the Crypto Sectors framework now includes 227 assets with a combined capitalization of $2.6 trillion. This represents approximately 85–90% of the estimated total crypto market capitalization. Excluding NFTs, the total number of tokens in the industry has surpassed 40 million.
Read the full report at the link provided.
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