Grayscale Updates Q3 Top 20 List, Adds AVAX and MORPHO, Removes LDO and OP

According to an official announcement reported by Jinse Finance, Grayscale Research has updated its Top 20 Assets List for Q3 2025. This quarter, Avalanche (AVAX) and Morpho (MORPHO) have been added, driven by increased on-chain transaction activity and robust growth in decentralized lending, respectively. Lido DAO (LDO) and Optimism (OP) have been removed due to competitive pressure from centralized staking services and uncertainty regarding token revenue distribution.