Main asset supervisor Grayscale has up to date its record of the highest 20 high-upside tokens. The brand new record has six additions, out of which two tokens – Jupiter ($JUP) and Jito ($JTO) – run on Solana.
Jupiter is without doubt one of the largest aggregators of decentralized exchanges on Solana, with the very best Complete Worth Locked (TVL) of all purposes on the community. Jito is one other standard venture – a liquid staking protocol that generated over $550M in payment income in 2024.
The remaining 4 new tokens are Virtuals Protocol ($VIRTUALS), Grass ($GRASS), Ethena ($ENA), and Hyperliquid ($HYPE).
How Did Grayscale Select High Tokens?
In a report revealed on December 30, 2024, Grayscale defined that each one the tokens on its record have been related to one of many three parameters:
- Trump’s victory within the US elections and its impact on decentralized finance (DeFi) and staking.
- New discoveries in decentralized AI applied sciences.
- The rising dominance of Solana’s ecosystem.
Grayscale expects most tokens that exhibit these parameters to carry out properly in 2025.
Two tasks from the Solana ecosystem becoming a member of this record suggests a transformative shift within the crypto trade. Till now, Bitcoin and Ethereum have dominated the crypto house, however the established order is likely to be about to alter.
On high of that, Solana ($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.
May 2025 Be the Yr of $SOL ETFs?
Grayscale’s curiosity in Solana can be a sign that it is likely to be considering issuing $SOL ETFs – simply the best way it did with $BTC.
Consultants predict an enormous demand for $SOL ETFs. The primary cause for that is that $SOL’s market cap is $91B, which is way lower than $ETH’s $403B market cap. Which means that even a small funding in $SOL can have an enormous constructive affect on its worth.
An organization like Grayscale will definitely not wish to miss a chance like this. Nevertheless, it should first deal with a couple of obstacles. As an illustration, the $SOL ETF continues to be beneath overview by the US Securities and Alternate Fee (SEC). We’re more likely to see a preliminary choice by the top of January 2025.
Closing Remarks
All that is constructive information for buyers into $SOLX, a brand new Layer-2 scaling answer for Solana that addresses the primary 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 personal analysis earlier than investing your hard-earned cash in any asset, together with the perfect meme cash.
