Top Altcoins Institutions Are Watching
HyperLiquid (HYPE)
HyperLiquid is a decentralized exchange (DEX) designed for perpetual futures, featuring a fully on-chain order book. Backed by strategic partnerships and recently added to Grayscale’s top 20 crypto list, it’s becoming a go-to for institutional investors. DeFiLlama reports over $12 billion in December trading volume, earning $8.6 million in revenue.
Ethena (ENA)
Ethena’s USDE stablecoin is backed by hedged positions in Bitcoin and Ethereum, offering yield through staking. Its alignment with pro-stablecoin regulations makes it a standout pick for institutions. ENA is currently trading at $1.07 with a rise of 16% this week.
Virtuals Protocol (VIRUAL)
Built on Ethereum’s Layer 2 network, Virtuals Protocol enables the creation of tokenized AI agents. These agents can perform autonomous tasks, making the platform a frontrunner in merging AI with blockchain.
Jupiter (JUP)
The top DEX aggregator on Solana, Jupiter boasts the highest total value locked (TVL) on the network. With Solana gaining traction, Jupiter is poised to capitalize on this momentum.
Gito (GTO)
A liquid staking protocol on Solana, Gito has shown impressive growth, generating over $550 million in revenue in 2024. Its strong financial metrics make it a favorite among institutions.
Toncoin (TON)
Backed by Telegram, Toncoin is gaining attention for its ecosystem of decentralized applications (dApps) and its utility as a payment solution within Telegram’s vast user base.
Solana (SOL)
Known for its scalability and low transaction costs, Solana continues to attract institutional interest, especially with its growing ecosystem of dApps and DeFi projects.
Ondo Protocol (ONDO)
A lesser-known gem, Ondo Protocol focuses on financial derivatives, offering unique tools for hedging and trading. Its innovative approach is catching the eye of institutional players.
Chainlink (LINK)
A veteran in the space, Chainlink remains a top choice for its role in powering DeFi and smart contracts through reliable Oracle services.
All these coins add a bullish momentum for altcoins. Bitcoin dominance at 47% shows that altcoins are gaining momentum. Trump’s win is more favorable for altcoins than Bitcoin as Bitcoin’s performance may drop if regulations are delayed. Hence a perfect scene for altcoins season is nearing.