According to reports from Wu, Grayscale Research has updated the Top 20 asset list for the third quarter of 2025. This quarter, Avalanche (AVAX) and Morpho (MORPHO) were added due to increased on-chain trading activity and strong growth in decentralized lending. Lido DAO (LDO) and Optimism (OP) were removed due to competitive pressure from centralized staking services and uncertainties in token revenue distribution.

#AVAX #DAO