Recently, Grayscale, the world’s leading crypto asset manager, released its top 20 potential projects for 2025 in Q2. This updated list has new immigrants such as Maple (Syrup), Geodnet (Geodnet) (Geod) and Story Protocol (IP) while removing three tokens – Akash, Arweave and Jupiter.
The top 20 crypto assets of Grayscale Research
According to Q2 2025 Grayscale researchit highlights three key sectors: Depin (decentralized physical infrastructure), RWA (real world assets) and IP (intellectual property tokenization).
Source: Grayscale Research
The 3 new additions to the top 20 list are:
- Maple (Syrup) – Unlike retail-focused platforms such as Compounds and AAVE, it caters to institutional customers. It currently holds over $600 million in TVL and has incurred $20 million in network fees in the past 30 days. Maple’s goal is to build partnerships with other Defi platforms like Pendle, over $2B TVL.
- Geodnet (Geod) – A DEPIN project that provides real-time location data with 1 cm accuracy, benefiting the farmers, transportation and robotics industries. Now, the network is active in more than 130 countries with 14,000 devices, and over the past 30 days, the network has earned more than $3 million in annual fees.
- Story Protocol (IP) – designed to make $70 trillion of IP market statistics, the project can monetize AI model training via IP. It has brought music from stars like Justin Bieber and BTS to the blockchain, demonstrating a strong collaboration among celebrities.
Learn more: What is a story agreement?
Grayscale warned that all assets on the top 20 list are highly volatile and risky, making them unsuitable for all investors. In particular, Geod is considered a low-market stock coin, lacking a list on the main CEX, which makes it more risky than other assets on the list.
Due to its recent performance, the US’s Dgital Asset Company also removed Arweave (AR), Akash (AKT) and Jupiter (JUP) from the top 20. They announced that they will monitor carefully in the future to see if crypto assets are potential.
In addition, Grayscale also evaluated the value of the cryptocurrency market in 2025 in the first quarter, highlighting a significant decline in market value. Furthermore, the consumer and cultural segments have been greatly weakened due to the downturn in Memecoin culture and Solana ecosystem.
About Grayscale
Grayscale Investments is a leading digital asset management company founded by Digital Currency Group (DCG). Headquartered in New York, Grayscale provides investors’ exposure through regulated investment products such as Grayscale Bitcoin Trust (GBTC), such as cryptocurrencies such as Bitcoin and Ethereum without having to directly own assets. It bridges the traditional world of finance and cryptocurrency to cater to institutions and recognized investors who seek a safe, familiar way to invest in digital currencies.
Grayscale Research, a division of the company, focuses on analyzing trends, market dynamics, and the ever-evolving landscape of blockchain and cryptocurrencies. It provides in-depth reports and insights to educate investors and uncover the complexity of the digital asset space. To boost cryptocurrency adoption, Grayscale combines financial expertise with innovative research to support the development of this transformative industry.
