Grayscale Rebalances Fund, Pushing Cardano into Top 3 Smart Contracts

In a major development that has sparked significant buzz within the cryptocurrency ecosystem, Grayscale has rebalanced its Smart Contract Platform Ex-Ethereum Fund (GSCPxE), shifting Cardano’s allocation to third place. This impactful move has propelled ADA to hold a substantial 22.91% of the fund’s holdings, surpassing the combined market share of Avalanche, Polkadot, and Sui. Mintern on Twitter highlighted this shift, emphasizing its impact on Cardano’s trajectory in the smart contract arena.