Main asset supervisor Grayscale has up to date its listing of the highest 20 high-upside tokens. The brand new listing has six additions, out of which two tokens – Jupiter ($JUP) and Jito ($JTO) – run on Solana.
Jupiter is without doubt one of the greatest aggregators of decentralized exchanges on Solana, with the very best Whole Worth Locked (TVL) of all purposes on the community. Jito is one other fashionable undertaking – a liquid staking protocol that generated over $550M in charge income in 2024.
The remaining 4 new tokens are Virtuals Protocol ($VIRTUALS), Grass ($GRASS), Ethena ($ENA), and Hyperliquid ($HYPE).
How Did Grayscale Select Prime Tokens?
In a report revealed on December 30, 2024, Grayscale defined that each one the tokens on its listing had been related to one of many three parameters:
- Trump’s victory within the US elections and its impact on decentralized finance (DeFi) and staking.
- New discoveries in decentralized AI applied sciences.
- The rising dominance of Solana’s ecosystem.
Grayscale expects most tokens that exhibit these parameters to carry out nicely in 2025.
Two tasks from the Solana ecosystem becoming a member of this listing suggests a transformative shift within the crypto trade. Till now, Bitcoin and Ethereum have dominated the crypto house, however the established order is perhaps about to vary.
On high of that, Solana ($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. Nevertheless, 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 value motion beat each $BTC and $ETH on 344 days.
Might 2025 Be the 12 months of $SOL ETFs?
Grayscale’s curiosity in Solana may also be a sign that it is perhaps considering issuing $SOL ETFs – simply the way in which it did with $BTC.
Consultants predict an enormous demand for $SOL ETFs. The primary motive for that is that $SOL’s market cap is $91B, which is way lower than $ETH’s $403B market cap. Which means even a small funding in $SOL can have an enormous optimistic impression on its worth.
An organization like Grayscale will definitely not need to miss a chance like this. Nevertheless, it should first deal with just a few obstacles. As an illustration, the $SOL ETF remains to be underneath assessment by the US Securities and Change Fee (SEC). We’re prone to see a preliminary resolution by the top of January 2025.
Closing Remarks
All that is optimistic information for traders into $SOLX, a brand new Layer-2 scaling resolution for Solana that addresses the principle community’s scalability points. Some trade consultants, like ClayBro, name $SOLX the following 100x token.
Nevertheless, bear in mind to train warning and do your individual analysis earlier than investing your hard-earned cash in any asset, together with the perfect meme cash.