Grayscale Shakes Up Crypto Rankings: XRP, ADA, and BNB Shockingly Left Out of Top 20
Grayscale just dropped a bombshell—its latest top 20 crypto picks are missing some heavy hitters. No XRP. No Cardano. And, in a move that’ll have Binance fans fuming, no BNB either.
What’s in the mix? A reshuffled deck of tokens that’s already sparking debates across Crypto Twitter. The exclusion of these three giants suggests Grayscale’s playing a new game—one where past performance doesn’t guarantee a seat at the table.
Meanwhile, Wall Street analysts are calling it ‘portfolio Darwinism’—because nothing says ‘survival of the fittest’ like kicking fan favorites to the curb. Just don’t tell the bagholders.
In brief
- Grayscale adds Avalanche and Morpho to its Top 20 crypto, betting on on-chain activity.
- XRP, ADA, and BNB are excluded due to lack of traction, despite their high market cap.
Grayscale prioritizes real adoption in crypto selection
Grayscale now focuses on on-chain fundamentals to determine. This strategy has led to the inclusion of Avalanche and Morpho in its Top 20, at the expense of giants like XRP and Cardano.
To defend its position, the company stated that the process is based on:
- adoption;
- transaction fees;
- volume;
- sustainability.
has captivated thanks to the rise of its blockchain ecosystem. This mainly refers to Web3 games such as MapleStory as well as the growing use of stablecoins. crypto network activity has noticeably accelerated, signaling long-term organic growth potential.
On theside, the performance is even more striking. The TVL of this crypto asset now exceeds 4 billion dollars, with nearly 100 million $ in annual revenue. In its report, Grayscale even estimates that Morpho could capture a significant share of on-chain lending alongside AAVE and Maple Finance.
XRP and ADA excluded from the Top 20 crypto despite their notoriety
Thesurprised part of the crypto community. These tokens are still among the most capitalized in the market. However, Grayscale excludes them due to their current lack of traction.
For example, XRP stagnates despite Ripple’s partnerships. It remains 45% below its all-time high and shows -4% since January. Analysts also report a 70% drop in network activity.
Similar trend for ADA, down 35% this year (despite its ambitions to integrate Bitcoin into its DeFi). Thethus calls into question their place in high-conviction portfolios.
The new approach from Grayscale could therefore set a precedent. In an increasingly competitive crypto market, only performance on the blockchain now counts.
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