According to TechFlow, Grayscale released the third quarter 2024 crypto market report this morning. The report pointed out that according to the FTSE/Grayscale crypto industry index series, the overall crypto market in the third quarter was sideways. This year's changes in the index series highlight emerging themes in the digital asset industry, including the rise of decentralized artificial intelligence platforms (such as TAO), efforts to tokenize traditional assets (such as ONDO, OM and GFI), and the popularity of Meme coins (such as PEPE, WIF, FLOKI and BONK).

Although Ethereum has performed worse than Bitcoin this year, it has outperformed the Smart Contract Platform Crypto Industry Index. The Grayscale research team believes that despite the fierce competition in the smart contract field, Ethereum still has multiple advantages.

The report updated the Grayscale Research Top 20 list, with new assets including SUI, TAO, OP, HNT, CELO and UMA. Grayscale said that these assets have high potential in the coming quarter, and all assets in the Top 20 list have high volatility and should be considered high-risk investments, and reminded that the US election may become a major risk event in the crypto market.