灰階凸顯了加密貨幣的主要趨勢

在周四的報告中，灰階更新了其加密行業指數，展示了數位資產行業的新興主題。主要趨勢包括去中心化人工智慧（AI）平台的興起、傳統資產代幣化的努力以及模因幣的日益普及。

Crypto asset manager Grayscale has highlighted key trends in crypto for the final quarter of the year, including the rise of decentralized AI platforms, efforts to tokenize traditional assets, and the popularity of memecoins.

加密資產管理公司 Grayscale 強調了今年最後一個季度加密貨幣的主要趨勢，包括去中心化人工智慧平台的興起、傳統資產代幣化的努力以及模因幣的流行。

Grayscale Highlights Key Trends In Crypto

灰階凸顯了加密貨幣的主要趨勢

In its latest report on Thursday, Grayscale updated its Crypto Sectors Indexes, revealing emerging themes within the digital asset industry. Among the key trends are the rise of decentralized artificial intelligence (AI) platforms, efforts to tokenize traditional assets, and the growing popularity of memecoins.

在周四的最新報告中，灰階更新了其加密行業指數，揭示了數位資產行業的新興主題。主要趨勢包括去中心化人工智慧（AI）平台的興起、傳統資產代幣化的努力以及模因幣的日益普及。

Notably, Bitcoin and the cryptocurrency sector have outperformed other market segments in 2024, likely due to the successful launch of spot Bitcoin exchange-traded products (ETPs) in the US earlier this year and favorable macroeconomic conditions following the Federal Reserve’s (Fed) interest rate cut on 18 September.

值得注意的是，比特幣和加密貨幣產業在2024 年的表現優於其他細分市場，這可能是由於今年稍早在美國成功推出現貨比特幣交易所交易產品(ETP) 以及聯準會(Fed)利率調整後有利的宏觀經濟條件9月18日削減。

While gaining 13% this year, Ethereum has underperformed Bitcoin but still outperformed many other cryptocurrencies. Grayscale’s Crypto Sectors Market Index (CSMI) has seen a slight decline of about 1% year-to-date, with the Smart Contract Platforms Crypto Sector Index down approximately 11%, making Ethereum’s performance relatively stronger than its peers.

雖然以太幣今年上漲了 13%，但表現落後於比特幣，但仍優於許多其他加密貨幣。 Grayscale 的加密貨幣產業市場指數（CSMI）今年迄今小幅下跌約 1%，其中智慧合約平台加密貨幣產業指數下跌約 11%，使得以太坊的表現相對強於同業。

Despite its challenges, the asset manager finds that Ethereum remains the Smart Contract Platforms sector leader, boasting the highest number of applications, developers, and fee revenue.

儘管面臨挑戰，資產管理公司發現以太坊仍然是智慧合約平台領域的領導者，擁有最多的應用程式、開發人員和費用收入。

Top 20 Cryptocurrencies For Upcoming Quarter

下一季排名前 20 名的加密貨幣

In compiling its quarterly Top 20 list of cryptocurrencies, Grayscale thoroughly analyzes hundreds of digital assets. This list serves as a diverse selection of assets with high potential for the upcoming quarter.

在編制季度加密貨幣前 20 名名單時，Grayscale 徹底分析了數百種數位資產。該列表是下一季具有高潛力的多樣化資產選擇。

Among those highlighted by the firm are standout performers such as Sui (SUI), Bittensor (TAO), Optimism (OP), Helium (HNT), Celo (CELO), and the UMA Protocol (UMA). However, below is the full list with other assets beyond these to which Grayscale pays particular attention.

該公司重點關注的項目包括 Sui (SUI)、Bittensor (TAO)、Optimism (OP)、Helium (HNT)、Celo (CELO) 和 UMA Protocol (UMA) 等表現出色的項目。然而，以下是除這些之外灰度特別關注的其他資產的完整清單。

Sui, a third-generation blockchain created by former Meta engineers, has made waves following a recent network upgrade that increased its transaction speed by 80%, surpassing Solana’s capabilities.

Sui 是由前 Meta 工程師創建的第三代區塊鏈，在最近的網路升級後引起了轟動，其交易速度提高了 80%，超越了 Solana 的能力。

Optimism, an Ethereum Layer 2 solution, plays a critical role in scaling the Ethereum network. It has developed a framework called the “Superchain,” which is utilized by platforms like Coinbase’s Layer 2 BASE.

Optimism 是以太坊第 2 層解決方案，在擴展以太坊網路方面發揮關鍵作用。它開發了一個名為「Superchain」的框架，Coinbase 的 Layer 2 BASE 等平台都使用該框架。

Celo and UMA are capitalizing on unique trends, with Celo focusing on stablecoin use and payment solutions in developing regions, particularly in Africa. The platform recently surpassed Tron in stablecoin usage, while UMA serves as an oracle network for decentralized applications like Polymarket.

Celo 和 UMA 正在利用獨特的趨勢，Celo 專注於發展中地區（尤其是非洲）的穩定幣使用和支付解決方案。該平台最近在穩定幣使用方面超過了 Tron，而 UMA 則充當 Polymarket 等去中心化應用程式的預言機網路。

Helium’s inclusion in the Top 20 reflects Grayscale’s preference for category leaders with sustainable revenue models. The project has established itself as a leader in decentralized physical infrastructure networks (DePIN), growing its network to over one million hotspots and generating significant fee revenues.

Helium 進入前 20 名反映出 Grayscale 對具有可持續收入模式的類別領導者的偏好。該計畫已成為去中心化實體基礎設施網路 (DePIN) 的領導者，其網路已發展到超過 100 萬個熱點，並產生了可觀的費用收入。

Bittensor, which focuses on the intersection of AI and crypto, has recently gained recognition within Grayscale’s framework due to improvements in market structure, offering a decentralized platform for AI innovation.

專注於人工智慧和加密貨幣交叉的Bittensor，由於市場結構的改善，最近在灰階框架內獲得了認可，為人工智慧創新提供了去中心化平台。

In this quarter’s adjustments, Grayscale has rotated out several assets, including Render, Mantle, ThorChain, Pendle, Illuvium, and Raydium. While Grayscale sees value in these projects, the revised Top 20 list aims to offer more compelling risk-adjusted returns for investors in the coming months.

在本季的調整中，Grayscale 輪換了多項資產，包括 Render、Mantle、ThorChain、Pendle、Illuvium 和 Raydium。雖然 Grayscale 看到了這些項目的價值，但修訂後的 Top 20 名單旨在未來幾個月為投資者提供更引人注目的風險調整回報。

At the time of writing, the biggest winner across all time frames in Grayscale’s top 20 list is Bittensor’s TAO token, which has seen gains of 86% over the fourteen-day time frame and a substantial 841% year-to-date, resulting in a current trading price of $536.

截至撰寫本文時，Grayscale 前 20 名名單中所有時間範圍內的最大贏家是 Bittensor 的 TAO 代幣，該代幣在 14 天的時間範圍內上漲了 86%，今年迄今漲幅高達 841%，導致當前交易價格為536 美元。