Grayscale Research: In Q3, AVAX and MORPHO were added to the Top 20 list, while LDO and OP were removed.

BlockBeats News, June 27th, Grayscale Research updated the Top 20 Assets list for the third quarter of 2025, with Avalanche (AVAX) and Morpho (MORPHO) being added this quarter. Avalanche was added due to the increased on-chain transaction activity, while Morpho was added due to the strong growth in decentralized lending. The removed assets, Lido DAO (LDO) and Optimism (OP), faced competition pressure from centralized staking services and uncertainty in token revenue distribution.