Leading asset supervisor Grayscale has up to date its listing of the highest 20 high-upside tokens. The new listing has six additions, out of which two tokens – Jupiter ($JUP) and Jito ($JTO) – run on Solana.
Jupiter is among the greatest aggregators of decentralized exchanges on Solana, with the best Total Value Locked (TVL) of all purposes on the community. Jito is one other well-liked mission – a liquid staking protocol that generated over $550M in price income in 2024.
The remaining 4 new tokens are Virtuals Protocol ($VIRTUALS), Grass ($GRASS), Ethena ($ENA), and Hyperliquid ($HYPE).
How Did Grayscale Choose Top Tokens?
In a report revealed on December 30, 2024, Grayscale defined that each one the tokens on its listing have been related to one of many three parameters:
- Trump’s victory within the US elections and its impact on decentralized finance (DeFi) and staking.
- New discoveries in decentralized AI applied sciences.
- The rising dominance of Solana’s ecosystem.
Grayscale expects most tokens that exhibit these parameters to carry out properly in 2025.
Two tasks from the Solana ecosystem becoming a member of this listing suggests a transformative shift within the crypto business. Until now, Bitcoin and Ethereum have dominated the crypto house, however the established order is perhaps about to vary.
On high of that, Solana ($SOL) outperformed each $BTC and $ETH for the primary time ever. The community skilled an all-time low in 2022 after the collapse of FTX. However, since then, $SOL worth grew by 2,000%.
As per Glassnode’s report, 727 days handed since $SOL’s 2022 dip. Out of this time, $SOL worth motion beat each $BTC and $ETH on 344 days.
Could 2025 Be the Year of $SOL ETFs?
Grayscale’s curiosity in Solana will also be a sign that it is perhaps considering issuing $SOL ETFs – simply the way in which it did with $BTC.
Experts predict an enormous demand for $SOL ETFs. The foremost cause for that is that $SOL’s market cap is $91B, which is way lower than $ETH’s $403B market cap. This signifies that even a small funding in $SOL can have an enormous constructive impression on its worth.
An organization like Grayscale will definitely not need to miss a chance like this. However, it should first deal with a number of obstacles. For occasion, the $SOL ETF remains to be beneath evaluate by the US Securities and Exchange Commission (SEC). We’re more likely to see a preliminary choice by the tip of January 2025.
Closing Remarks
All that is constructive information for traders into $SOLX, a brand new Layer-2 scaling answer for Solana that addresses the principle community’s scalability points. Some business consultants, like ClayBro, name $SOLX the next 100x token.
However, keep in mind to train warning and do your personal analysis earlier than investing your hard-earned cash in any asset, together with the best meme coins.
