The latest release of Grayscale's second quarter Token investment portfolio Top 20 has garnered widespread attention in the market. This selected list highlights several representative projects from emerging sectors, reflecting the current trends in the crypto market.

First, it is worth noting the three new assets: Maple (SYRUP), Geodnet (GEOD), and Story Protocol (IP). The addition of these new members highlights Grayscale's optimism towards real-world assets (RWA), decentralized physical infrastructure networks (DePIN), and IP tokenization.
At the same time, the list for this quarter has also been adjusted, with Akash, Arweave, and Jupiter removed from the Top 20. This change reflects Grayscale's ongoing attention to and assessment of the market dynamics.
It is worth mentioning that Solana (SOL) still maintains its important position in the Grayscale portfolio. As a representative of high-performance public chains, the continued selection of SOL indicates institutional investors' confidence in its long-term development prospects.
Overall, Grayscale's latest token selection list not only reflects the current hotspots in the crypto market but also provides investors with a window to observe the direction of industry development. As concepts like RWA, DePIN, and IP tokenization continue to deepen, we may see more related projects emerge in future rankings.