Ethereum, Solana, BNB Chain Top Winners in New Crypto Era: Grayscale
Grayscale Sees Institutional Capital Targeting Leading Chains According to the report, expected regulatory developments via the proposed CLARITY Act and additional SEC guidance could accelerate the adoption of blockchain use cases such as tokenized assets and DeFi. Grayscale argued that while the entire industry may benefit over time, institutional investors are likely to prioritize networks already dominating on-chain finance activity. The report identified Ethereum as the market leader in tokenized assets with full on-chain functionality. BNB Chain and Solana also hold significant market share. Canton Network was highlighted for building a strong position through an alternative network architecture. Ethereum, Solana, and BNB Chain Lead in Stablecoins and DeFi Grayscale noted that stablecoins remain central to on-chain finance. Accordingly, Ethereum, Solana, and BNB Chain stand out in both stablecoin supply and transaction activity. The same three networks were also identified as leaders in decentralized finance based on metrics such as total value locked (TVL) and application activity. Beyond the top networks, the report said other ecosystems could also benefit from clearer regulations. These include Avalanche, Ethereum layer-2 platforms Base and Arbitrum, Hyperliquid, and Tron. Related: Ethereum Price Prediction: Bears Tighten Control as ETH Risks Breakdown Below $2,120 Bitcoin Could Benefit Despite Limited Smart Contract Functionality Notably, Bitcoin was not included among