Grayscale Research just published its new “Top 20” list for promising altcoins in Q3 2025. The list mostly remains the same from Q2, removing Lido DAO (LDAO) and Optimism (OP) to add Avalanche (AVAX) and MORPHO.
The firm assessed these altcoins on their market sector performance and individually. AVAX and OP are both smart contract protocols, but it swapped the two out due to company-specific circumstances.
The firm uses a diverse set of criteria to assess its preferred altcoins, tracking which market sectors perform better than others. Today, Grayscale released its new recommendations for Q3 2025:
We have updated the Grayscale Research Top 20. The Top 20 represents a diversified set of assets across Crypto Sectors that, in our view, have high potential over the coming quarter. This quarter’s new assets are Avalanche $AVAX and Morpho $MORPHO. All the assets in our Top 20… pic.twitter.com/gqy0NBLsE1
However, AVAX and OP are both smart contract protocols, and Grayscale assessed that this sector didn’t grow or shrink much. In other words, Avalanche’s business developments must account for its place in Grayscale’s list.
Grayscale further clarified that Ethereum’s new focus on interoperability could make an L-2 like Optimism redundant. AVAX’s organic growth stands out in contrast, making it a clear choice for Grayscale’s list.
The firm expressed similar concerns for LDAO, as the SEC might approve ETF staking soon, removing the blockchain’s main market appeal.
MORPHO grew significantly in the last year, but that isn’t why Grayscale put it on the Top 20 list. Instead, the research firm was highly optimistic about its potential to outperform competitors in its own market sector:
“This past month, Morpho announced Morpho V2, designed to bring DeFi to traditional financial institutions. Grayscale Research is optimistic about the future of on-chain lending activity, and Morpho seems well positioned to potentially capture a meaningful share of that growth,” Grayscale claimed.
Grayscale’s findings and commentary are insightful, but it’s important to remember that it’s a research firm, not a market mover. It cautioned potential investors that all 20 of these tokens are very volatile.
In fact, all four of these assets slightly decreased in value since Grayscale released this list, even the ones it was optimistic about.
Analysts are pointing out that Ethereum (ETH) has now gathered several key factors. These are the very catalysts investors have long awaited to trigger a powerful new rally.
In June, these signals are becoming more evident, forming a solid foundation for short-term price expectations. So, what are these factors? Let’s dive in.
Why ETH May Be on the Verge of Its Biggest Breakout Ever
Axel Bitblaze, a well-known analyst on platform X, believes ETH is on the verge of its biggest breakout ever. According to him, four main catalysts are laying the groundwork for ETH’s upcoming strong growth.
One major reason Axel Bitblaze remains bullish on ETH is BlackRock’s aggressive accumulation. Since May 9, 2025, BlackRock has bought 269,000 ETH—worth roughly $673.4 million—without selling a single coin. This signals a long-term investment strategy in ETH.
Previously, BlackRock helped lead Bitcoin’s (BTC) price surge from $76,000 to $112,000, driven by massive inflows into its ETF. Now, with similar moves happening for ETH, many analysts believe this is a strong signal that ETH could soon break out.
Additionally, the latest report from BeInCrypto notes that ETH has recorded the strongest inflow streak since the US elections.
The second factor Axel Bitblaze highlights is the significant increase in Ethereum’s network activity. Last month, the number of transactions on the Ethereum network reached 42 million, the highest since May 2021. At the same time, daily active addresses rose to 440,000—also the highest in the past six months.
This reflects the network’s growing usage, particularly in areas like decentralized finance (DeFi) and stablecoin transactions.
The third factor Axel points out is that the ETH/BTC ratio has dropped to its lowest level in six years. The weekly RSI has also hit a record low, suggesting ETH is currently oversold. This often signals a potential trend reversal.
Moreover, over the past month, the ETH/BTC pair has already recovered by 30%, serving as an early confirmation of a possible reversal.
ETH/BTC Trading Pair Volatility. Source: Axel Bitblaze
Based on these developments, Axel Bitblaze predicts that ETH could reach $9,000 by early 2026.
“By December 2025, ETH could trade around $6,000 to $6,500. The final leg up will happen in Q1 2026, and ETH will most likely trade above $9,000 before a blow-off top,” Axel Bitblaze said.
Beyond the catalysts Axel emphasized, the amount of ETH being staked hit a new high in June, with 4.65 million ETH now locked, nearly 30% of the current circulating supply.
ETH Staked in DeFi Protocols. Source: beaconcha.in
In addition to Axel Bitblaze’s analysis, veteran trader Merlijn The Trader compared ETH’s current price cycle to the 2017 bull run. He believes ETH is now structurally positioned for an even stronger breakout.
Comparing ETH Price Structure in 2017 And 2025. Source: Merlijn The Trader
“ETH IS COPYING 2017… BAR FOR BAR 2017: Breakout after reclaiming the 50 MA 2025: Same setup. Same level. Same tension.
Only difference? 2025 has a bigger engine, more fuel… and no brakes.” – Merlijn The Trader said.
At the time of writing, ETH has recovered more than 50% since early May and is trading above $2,600. However, a recent analysis from BeInCrypto notes that profit-taking has begun. This may act as short-term resistance to ETH breaking out above the weekly 50 MA, as Merlijn predicted.
T-RIZE Group, a worldwide pioneer in institutional-grade tokenization infrastructure, today announced the successful listing of its native utility token, $RIZE on Revolut. This crucial move furthers the company’s aim of providing regulated, safe access to tokenized real-world assets (RWAs) for both individual users and institutional investors.
This integration with Revolut, a licensed European bank and one of the world’s fastest-growing fintech platforms, gives over 60 million consumers direct access to the T-RIZE ecosystem. $RIZE’s availability on Revolut App represents a significant increase in reach and exposure for tokenized asset usage.
Following $RIZE’s original debut on Kraken, a Tier 1 crypto exchange, this Revolut listing represents more institutional validation of the token and its real-world applications.
Building Infrastructure for a Compliant Tokenized Future
T-RIZE’s tokenization strategy prioritizes utility, compliance, and interoperability. The $RIZE token is crucial at every level of asset tokenization, from issuance and payment to governance and treasury funding.
Asset owners use $RIZE to gain access to the platform’s extensive tokenization suite, which allows them to turn physical or financial assets, such as real estate, stock instruments, or energy credits, into programmable digital tokens. Investors using $RIZE may engage in approved, secure products, which frequently use fractional ownership structures to minimize entry barriers.
The treasury, which contains 30% of the overall supply, is an important part of the $RIZE concept. These monies are intended to promote ecosystem development, reward efforts, and finance approved community initiatives.
T-RIZE’s platform has a multi-chain design. $RIZE is already incorporated into EVM-compatible networks, and is backed by the Canton Network, a privacy-focused blockchain developed for regulated institutions. This hybrid paradigm provides both flexibility and rigorous compliance—a crucial combination for worldwide adoption.
Dual Access via Revolut App
With this listing, T-RIZE gains access to the entire potential of Revolut’s fintech ecosystem. The Revolut App provides a simple, user-friendly interface for acquiring, storing, and managing over 300 cryptocurrencies, including $RIZE. It also supports crypto staking, fiat integration, and payment services, making it one of the most accessible cryptocurrency platforms on the market.
Revolut’s platform let both newbies and pros connect easily with the expanding world of tokenized RWAs—all while maintaining regulatory protections and trading experience.
A Pipeline Exceeding $2 Billion in Tokenized Assets
T-RIZE has already moved from idea to action. So far, the organization has brought over $23 million in tokenized assets online on the blockchain. These include the first part of a $300 million real estate tokenization arrangement, including 956 housing units, which demonstrated real-world deployment and demand.
In addition, the business has a signed commercial pipeline worth more than $2 billion in onboarding agreements and memorandums of understanding. This includes new building projects, tokenized shares, and next-generation structured financial instruments.
T-RIZE CEO Madani Boukalba highlighted the milestone’s larger significance:
“The listing of $RIZE on Revolut demonstrates trust—from both our partners and the market. It illustrates that safe, compliant tokenization is no longer a theoretical concept—it’s here, living, and growing.”
T-RIZE’s infrastructure is designed to enable the next stage of finance, when real-world assets become more liquid, programmable, and widely accessible.
Institutional-Grade Support and Ecosystem Partners
T-RIZE’s increasing ecosystem partner network demonstrates the value of its infrastructure-first strategy. The firm works with the top players in blockchain security, data, custody, and liquidity:
Kraken: the Tier 1 exchange that launched $RIZE through its Reef Program.
Wintermute: A top-tier market maker that offers deep liquidity across exchanges.
Chainlink: Integrated with CCIP and Proof of Reserve for Oracle services and data integrity.
Fireblocks with DFNS: Supporting secure wallet infrastructure and institutional custody.
Canton Network: Enabling compliance issuance and private settlement of tokenized RWAs across institutional platforms
These partners ensure that T-RIZE’s platform has best-in-class security, transparency, and scalability, which are critical for regulatory compliance and institutional confidence.
What’s Next for T-RIZE and $RIZE
T-RIZE is advancing its plan now that its listing on Revolut has been completed. Several new tokenized solutions are also being developed, including AI-enhanced financial structured products and Energy Offset Reserve Notes, which integrate climate-aligned assets into the digital economy.
The business is also in talks with other centralized and decentralized exchanges about expanding $RIZE’s worldwide reach and ensuring liquid access for new users in diverse regions.
As tokenization progresses from pilot to production in several industries, T-RIZE is well-positioned to act as the infrastructural backbone that drives this revolution. $RIZE remains at the heart of this progression, woven into every layer of payment, governance, and access throughout the ecosystem.
About T-RIZE Group
T-RIZE, established in 2022, is an institutional-grade tokenization platform dedicated to digitizing real-world assets. The platform uses privacy-preserving artificial intelligence to provide safe asset issuance, programmatic governance, and enhanced underwriting. T-RIZE, with a pipeline of more than $2 billion, unites asset originators, investors, and liquidity providers in a regulated, scalable environment.
Revolut is a top global fintech platform and regulated bank with more than 60 million users. Every month, the company conducts more than one billion transactions and provides a wide range of financial instruments, including money transfers, cryptocurrency investment, and business accounts.
The Middle East and North Africa (MENA) region is quickly becoming a notable force in the push for global crypto adoption. With growing participation from institutions and enterprises and supportive regulations for Web3 technology, MENA is set to expand its impact.
BeInCrypto interviewed Stephan Apel, CEO of Outlier Ventures, to explore the characteristics of these tech-driven economies and their anticipated innovations.
Web3 Adoption and Market Growth
MENA has emerged as a significant center for Web3 development, facilitated by a combination of demographic, technological, and cultural factors. The region’s entrepreneurial spirit has also fostered an environment conducive to the adoption of decentralized technologies.
“The MENA market has set a standard for adopting next-gen technologies and using them to boost their economic transformation. This is especially true for Web3 technologies— the region recognised their potential early on, offering the resources needed for these projects to scale and thrive on both regional and global levels,” Apel told BeInCrypto.
Consequently, the region is witnessing an increase in startups, investors, and developers exploring Web3 and its diverse applications.
A 2024 Chainalysis report revealed that MENA was the seventh biggest crypto market worldwide. From July 2023 to June 2024, the region saw $338.7 billion in online crypto transactions, representing 7.5% of all crypto transactions globally.
Share of all cryptocurrency transaction value by region. Source: Chainalysis.
Notably, Turkey and Morocco ranked among the top 30 countries globally in crypto adoption. Turkey secured the 11th spot, while Morocco ranked 27th. These nations alone accounted for $137 billion and $12.7 billion in received cryptocurrency value, respectively.
Furthermore, the MENA region’s crypto activity is predominantly driven by institutional and professional players, as a substantial 93% of all value transferred involves transactions exceeding $10,000.
Meanwhile, Gulf Corporation Council (GCC) members have distinguished themselves through their ambitious technological initiatives.
MENA’s Strategic Shift Towards AI
The onset of artificial intelligence (AI) has prompted governments and businesses within the Middle East to acknowledge the global trend towards related advanced technologies. Countries like Qatar, Saudi Arabia, and the United Arab Emirates (UAE) are considering their strategic position concerning this technological transformation.
According to a report by PricewaterhouseCoopers (PwC), AI could contribute up to $15.7 trillion to the global economy in 2030. The consulting firm predicts that the Middle East will bring 2% of the total global benefits, equal to $320 billion.
MENA’s pioneering role in AI development. Source: PwC.
The PwC report also indicates that Saudi Arabia will see the largest absolute gains from AI by 2030, with an estimated US$135.2 billion added to its economy, or 12.4% of GDP. In terms of GDP percentage, however, the UAE is expected to see the greatest impact, approaching 14% of its 2030 GDP. Meanwhile, for GCC states Bahrain, Kuwait, Oman, and Qatar, AI is expected to contribute 8.2% of their GDP.
Given the region’s latest initiatives and investments in AI innovation, these numbers come as no surprise.
Saudi Arabia’s AI Development Initiatives
In 2016, the Saudi Arabian government launched Vision 2030, a program to promote economic, social, and cultural diversification. Integral to this vision is a strategic shift towards artificial intelligence and data-driven innovation, a key component of the nation’s economic diversification efforts.
Saudi Arabia is making notable advancements in AI. The country aims to reduce its reliance on oil by developing advanced technology sectors through targeted investments, infrastructure development, and workforce training.
“Fueled by its Vision 2030 initiative, Saudi Arabia has already created a thriving startup ecosystem, dedicated significant investment in emerging technologies,and designed policies to attract global talent and entrepreneurship,” Apel told BeInCrypto.
The Saudi Data and Artificial Intelligence Authority (SDAIA) spearheads Saudi Arabia’s push into artificial intelligence, shaping and implementing the country’s national data and AI strategy. The National Data Bank is a cornerstone of their efforts. It is designed as a central hub for data access and analysis, facilitating AI applications across public and private sectors.
Last November, Saudi Arabia also unveiled Project Transcendence. The $100 billion investment initiative focuses on accelerating the integration of AI and advanced technologies.
Similar to its neighbor, the UAE has actively pursued AI adoption.
UAE’s AI Strategy and Investments
In 2017, the UAE launched its National Strategy for Artificial Intelligence, which aims to make the country a global leader in the field by 2031. The UAE AI and Blockchain Council oversees this strategy, which impacts sectors like education, energy, and tourism.
The UAE is already reaping the benefits of its AI initiatives. In April, Microsoft announced a $1.5 billion investment in G42, an Abu Dhabi-based technology holding company. G42 is known for its data centers and the development of Jais, a leading Arabic-language AI model.
In September, G42 and Nvidia partnered to create AI-driven solutions for improved weather forecasting. The collaboration aims to advance climate-related technologies by using Nvidia’s Earth-2 platform, which enables AI-augmented climate and weather simulations.
Three months later, Abu Dhabi-based global technological ecosystem Hub71 partnered with Google to boost startup growth in the UAE. This collaboration will bring Google’s “Google for Startups” program to Abu Dhabi, including a dedicated accelerator for Hub71 startups in 2025.
He also drew attention to the planned convergence of AI and Web3 technologies in these prominent regions.
Convergence of AI, Web3, and IoT
Integrating the Internet of Things (IoT), blockchain, and AI technologies is gaining traction among businesses in the Middle East. By combining these technologies, organizations can access new avenues for growth, increase efficiency, and create novel user experiences.
In 2018, the Dubai Airport Freezone Authority launched Dubai Blink, a platform that integrates AI, blockchain, and virtual licenses to facilitate global trade. This system enhances supply chain innovation through ‘smart commerce’ by expediting trade with a unified online platform. Furthermore, it addressed the cumbersome process of supplier identification by using AI algorithms to streamline and accelerate the validation process.
Ultimately, MENA’s proactive approach to technological advancement, coupled with its strategic focus on Web3 and AI, signals a future where the region will be a pivotal architect in shaping the digital economy.
