Grayscale Identifies Four Blockchain Winners from Clarity Act
On May 22, 2026, Grayscale published a research note naming Ethereum (ETH at $2,141.81), Solana (SOL at $86.76), BNB Chain (BNB at $660.18), and Canton Network as the four blockchains best positioned to absorb institutional capital once the Clarity Act becomes law. The note states: ‘Regulatory clarity is coming, and a rising tide will likely lift digital assets broadly.’
Primary Beneficiaries: Ethereum, Solana, BNB Chain, Canton Network
The selection is based on three key metrics: tokenized asset value, stablecoin supply and transaction volume, and DeFi total value locked. Ethereum leads in tokenized assets, followed by BNB Chain and Solana. Canton Network stands out with over $348 billion in tokenized real-world asset value, hosts the DTCC’s tokenized Treasury pilot, and counts JPMorgan, HSBC, and Visa among its validators. Canton Network processes $350 billion daily settlement and claims over $6 trillion in tokenized real-world assets.
Secondary Tier: Avalanche, Base, Arbitrum, Hyperliquid, Tron
Grayscale also named Avalanche (AVAX), Base, Arbitrum (ARB), Hyperliquid (HYPE at $59.26), and Tron (TRX) as networks with significant on-chain finance exposure that would benefit from further regulatory clarity. These chains have established DeFi ecosystems but sit below the primary four in tokenized asset value.
Data-Driven Metrics: Tokenized Assets and Stablecoin Supply
The Clarity Act cleared the Senate Banking Committee on a 15-9 bipartisan vote on May 14. It now requires a Senate floor vote, House reconciliation, and presidential signature. The compressed legislative calendar gives the bill a final window before the 2026 midterms. Other major crypto prices as of the report: Bitcoin (BTC at $77,084), XRP ($1.37), Cardano (ADA at $0.249286), Chainlink (LINK at $9.70), POL ($0.0919), Toncoin (TON at $1.85), Asteroid Shiba ($0.0002902).
Market Outlook: Institutional Capital Inflow Ahead
Grayscale’s head of research, Zach Pandl, noted that Bitcoin will also benefit from regulatory clarity as the industry’s most secure asset. The firm’s December 2025 outlook predicted bipartisan legislation would unlock a new institutional era for digital assets. With active ETF expansion across multiple chains, Grayscale is aligning its strategy with the Clarity Act’s passage. The bill’s progress is a key catalyst for these selected altcoins, especially Canton Network, which bridges traditional finance with blockchain via JPMorgan and DTCC.
