Grayscale’s latest research report analyses the potential impact of improved regulatory transparency on the blockchain industry. Grayscale believes that with the advancement of relevant legislation, blockchain applications — especially tokenised assets and DeFi — will see explosive growth. Institutional capital will first concentrate on leading blockchains such as Ethereum, Solana, BNB Chain and Canton Network.

The report emphasises that these networks already hold a notable market share in on‑chain financial infrastructure and are expected to be the biggest beneficiaries of a better regulatory environment. Other networks including Avalanche, Arbitrum and Tron are also regarded by Grayscale as key ecosystems with strong growth potential. The above reflects Grayscale’s views and does not constitute investment advice.