Grayscale Research predicts smart contracts will dominate in Q1 2025, calling it the most competitive crypto sector. Despite Ethereum’s ETF and upgrades, Solana, Sui, and TON gained market share. Tokenization and DePin also show strong potential. Grayscale’s Top 20 list highlights key DeFi/Web3 assets, emphasizing network fee revenue as a value driver. With crypto’s Q4 2024 success, the firm remains bullish on the industry’s future. 🚀 #Crypto #SmartContracts #Grayscale #DeFi #Tokenization