Grayscale’s Q1 2025 FDV List Highlights Growing Interest in AI and Solana Tokens

Grayscale Research has highlighted growing interest in AI and Solana tokens, with the addition of HYPE and JTO to its Q1 FDV list.

Grayscale Research, a subsidiary of Digital Currency Group, has released an updated list of the top 15 crypto assets based on fully diluted valuation (FDV) for the first quarter of 2025.

According to CryptoRank data, the list showcases various crypto assets identified by Grayscale as having significant growth potential in Q1. The focus is on tokens related to the US elections, the Solana ecosystem and artificial intelligence.

New additions to the list this quarter include HYPE, ENA, VIRTUAL, JUP, JTO and GRASS, while TON, NEAR, STX, MKR, UMA and CELO were removed.

Hyperliquid (HYPE) is trading at $25.28 with a 24-hour trading volume of $148,179,280. It is showing a marginal decrease of 0.06%. Ethena (ENA) is priced at $1.16 in 24 hours. However, it is down 3.30%.

Virtuals Protocol (VIRTUAL) is priced at $3.85 and saw a trading volume of $385 million. The token also fell 6.70%. Jupiter (JUP) is down 0.54% with $72 million in 24-hour volume. The token is priced at $0.945954 at the time of writing.

Jito (JTO) is bucking the trend at $3.25, up 3.87% with a trading volume of $58,447,697. Grass (GRASS) is trading at $2.92, down 6.45%, with a trading volume of $124,454,384.

As highlighted by Kriptokoin.com, assets like Toncoin (TON) continue to make an impact, despite its removal from the top 15 list. Currently priced at $5.68, the token has a trading volume of $175,481,722, down slightly by 0.07%.

Similarly, NEAR Protocol (NEAR) is trading at $5.87, down 0.90% in 24 hours of activity. Stacks (STX) is down 1.10% to change hands at $1.76.

Maker (MKR), a major player in the DeFi space, is trading up 1.71% at $1,607.84. UMA (UMA) is priced at $3.06, showing a decline of 0.81%. Celo (CELO) fell 0.44% to reach $0.724860.