Grayscale Research has unveiled its updated 'Top 20' altcoin list for Q3 2025, maintaining most entries from Q2 while replacing Lido DAO (LDAO) and Optimism (OP) with Avalanche (AVAX) and MORPHO. The firm evaluates these altcoins based on their market performance and individual metrics. Although both AVAX and OP are smart contract protocols, Grayscale's decision to swap them was influenced by specific company developments. The firm regularly updates its lists, including 'Assets Under Consideration,' using various criteria to assess altcoin performance across sectors. LDAO, categorized under 'Utilities & Services,' was the lowest performer, prompting its replacement with MORPHO from the 'Financials' sector. Grayscale noted that while AVAX has seen growth due to new partnerships, OP faced a significant decline in ETH reserves. The firm expressed optimism about MORPHO's potential in on-chain lending, especially with its recent Morpho V2 announcement. However, it cautioned that all listed tokens are highly volatile. Read more AI-generated news on: https://app.chaingpt.org/news

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