Solana (SOL) Tops Cardano (ADA) in Grayscale’s Smart Contract Fund

In its recent Q3 review, Grayscale has shed light on the composition of its various funds. Notably, the Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPXE) now has Solana (SOL) in the lead.

Solana overtakes Cardano

Historically, Cardano (ADA) held the dominant position in the GSCPxE Fund with a weighting of 25.89% at the end of Q2 2023. However, by the end of Q3 2023, Solana (SOL) has made a notable leap to become the top holding with a weighting of 27.28%, slightly surpassing Cardano’s unchanged 25.89%.

No new tokens were added or removed from the fund. Other assets’ weightings in the fund include Polygon (MATIC) at 15.01%, Polkadot (DOT) at 14.25%, Avalanche (AVAX) at 10.24%, and Cosmos (ATOM) at 7.33%.

A glimpse into Grayscale’s other fund allocations

Delving deeper into Grayscale’s portfolio, the Grayscale DeFi Fund for Q3 2023 was dominated by Uniswap (UNI) at a considerable 45.46% weighting. Following UNI, Lido (LDO) comprised 19.04% of the fund, Aave (AAVE) made up 11.53%, MakerDAO (MKR) stood at 10.82%, Curve DAO Token (CRV) at 7.03%, and Synthetix (SNX) rounded off the list at 6.12%.

Additionally, in the Grayscale Digital Large Cap Fund, the lion’s share continues to be held by Bitcoin (BTC) at a whopping 70.05%, trailed by Ethereum (ETH) at 27.02%. The remaining assets in this fund include Cardano (ADA) at 1.19%, Solana (SOL) at 0.99%, and Polygon (MATIC) at 0.75%.

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