Grayscale has updated its list of top tokens to watch in Q1 2025, adding several artificial intelligence platforms and decentralized finance (DeFi) applications. The new additions include Hyperliquid (HYPE), Ethena, Virtuals (VIRTUAL), Jupiter, Jito, and Grass (GRASS), each benefiting from trends such as a more favorable U.S. regulatory landscape, advancements in decentralized AI, and the expansion of the Solana ecosystem. Specifically, Virtuals and Grass are AI platforms, while Hyperliquid functions as a high-performance layer-1 network. Ethena, Jupiter, and Jito are DeFi applications, with Jupiter and Jito being native to Solana. The report highlights potential gains in cases where crypto staking and onchain trading emerge as initial AI use cases within decentralized communities. Industry executives noted the importance of the evolving regulatory environment and advancements in technology as major factors driving crypto adoption. This watch list update reflects ongoing innovation and investment in the cryptocurrency sector, particularly in AI and DeFi applications.

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