Solana Joins Grayscale’s Top 20 List Alongside Bitcoin Trending Global News

Leading asset manager Grayscale has updated its list of the top 20 high-upside tokens. There are six additions to the new list, of which two tokens – Jupiter ($JUP) and Jeeto ($JTO) – run on Solana.

Jupiter is one of the largest aggregators of decentralized exchanges on Solana, with the highest total value locked (TVL) of all applications on its network. Zito is another popular project – a liquid staking protocol that generated over $550M in fee revenue in 2024.

The remaining four new tokens are Virtual Protocol ($VIRTUALS), Grass ($GRASS), Athena ($ENA), and Hyperliquid ($HYPE).

How does Grayscale choose the top tokens?

In a report published on December 30, 2024, Grayscale reported that all tokens on its list were tied to one of three parameters:

• Trump’s victory in the US elections and its impact on decentralized finance (DeFi) and staking.
• New discoveries in decentralized AI technologies.
• Increasing dominance of Solana’s ecosystem.

Grayscale expects most tokens exhibiting these parameters to perform well in 2025.

The addition of two projects from the Solana ecosystem to this list marks a transformational change in the crypto industry. Until now, Bitcoin and Ethereum have dominated the crypto space, but the status quo is about to change.

Additionally, Solana ($SOL) outperformed both $BTC and $ETH for the first time. The network experienced its all-time low in 2022 following the collapse of FTX. However, since then, the $SOL price increased by 2,000%.

according to Glassnode report727 days have passed since $SOL declined in 2022. In this time, $SOL price action has outperformed both $BTC and $ETH over 344 days.

Could 2025 be the year of the $SOL ETF?

Grayscale’s interest in Solana may also be a sign that it may consider issuing a $SOL ETF – similar to what it did with $BTC.

Experts predict that there will be huge demand for the $SOL ETF. The main reason for this is that $SOL has a market cap of $91B, which is much less than $403B market cap of $ETH. This means that even a small investment in $SOL can have a big positive impact on its value.

A company like Grayscale certainly wouldn’t want to miss an opportunity like this. However, it has to overcome some hurdles first. For example, the $SOL ETF is still under review by the US Securities and Exchange Commission (SEC). We are likely to see a preliminary decision by the end of January 2025.

last words

This is all positive news for investors $SOLXA new layer-2 scaling solution for Solana that addresses mainnet scalability issues. Some industry experts, such as claybroCall the next 100x token $SOLX.

However, remember to exercise caution and do your research before investing your hard-earned money in any asset, including the best meme coins.