Grayscale的前20名加密貨幣排名：Avax和Morpho晉級！

灰度席捲了其前20名加密貨幣榜，歡迎Avax和Morpho，而既定的名字仍然沒有。深入了解驅動這些變化的變化趨勢和見解。

What's crackin', crypto fam? Grayscale just dropped its Q3 2025 Top 20 crypto tokens list, and it's got everyone buzzing. Big changes are afoot, so let's dive into what this means for the market.

什麼是Crackin'，Crypto Fam？ Grayscale剛剛放棄了其第三季度2025前20個加密代幣列表，這讓每個人都在嗡嗡作響。大變化正在進行中，所以讓我們深入了解這對市場意味著什麼。

The New Kids on the Block: AVAX and Morpho

街區上的新孩子：avax和morpho

Avalanche (AVAX) and Morpho (MORPHO) are the fresh faces on Grayscale's list, snagging spots thanks to their recent performance and solid growth. AVAX is killin' it with transaction volume and user adoption, boosted by stablecoins and gaming app integrations. Morpho, on the other hand, is making waves in DeFi lending, especially with the launch of Morpho V2 aimed at bringing DeFi to the big leagues of traditional finance.

雪崩（Avax）和Morpho（Morpho）是灰度名單上的新面孔，由於它們最近的表現和穩固的增長，抓住了景點。 Avax通過交易量和用戶採用殺死了IT，並由StableCoins和Gaming App Integrations提高。另一方面，Morpho在Defi Lending中引起了轟動，尤其是隨著Morpho V2的推出，旨在將Defi帶入傳統金融的大聯盟。

Who Got the Boot? Lido and Optimism

誰得到了靴子？ Lido和樂觀

Say goodbye to Lido DAO (LDO) and Optimism (OP), at least for now. Grayscale cited regulatory uncertainty around staking services as a potential hit to Lido's revenue. Optimism, despite its tech, apparently struggled to capture economic value. This signals a shift towards prioritizing short-term momentum and adoption over sheer sector dominance.

至少目前與Lido Dao（LDO）和樂觀（OP）說再見。灰刻說，圍繞樁服務的監管不確定性是對利多的收入的潛在打擊。儘管具有技術，但顯然仍在努力捕捉經濟價值。這表明朝著優先考慮短期勢頭和採用而偏向於純粹部門的主導地位的轉變。

XRP and Cardano: Still on the Sidelines

XRP和Cardano：仍在場上

For yet another quarter, XRP and Cardano (ADA) are MIA. Considering the buzz around potential spot ETF approvals for XRP, this is a head-scratcher. Analysts are even giving a thumbs-up to XRP ETF possibilities. It's got industry watchers wondering about Grayscale's evaluation methods, that's for sure.

在另一個季度中，XRP和Cardano（ADA）是MIA。考慮到XRP的潛在景點ETF批准的嗡嗡聲，這是一個頭部抓手。分析師甚至對XRP ETF的可能性表示贊同。這是肯定的，這是行業觀察家想知道灰度的評估方法。

Grayscale's Take on Sector Trends

灰度對部門趨勢的看法

Grayscale's Q3 report highlights some cool trends. Bitcoin's outperforming in the currency game, and smart contract platforms are seeing tons of transactions, even if fees are dipping thanks to the memecoin craze cooling off. Decentralized AI, DeFi lending, and smart contract solutions are also in the spotlight.

Grayscale的Q3報告突出了一些很酷的趨勢。比特幣在貨幣遊戲中表現出色，智能合約平台也看到了大量的交易，即使由於Memecoin的熱潮降溫，費用正在下降。分散的AI，DEFI貸款和智能合同解決方案也成為人們關注的焦點。

LunarCrush Galaxy Score: A Different Perspective

Lunarcrush Galaxy得分：不同的視角

Meanwhile, LunarCrush dropped its Galaxy Score leaderboard, and it's a whole different ballgame. TAO is leading the pack, with VOXEL, SYLO, and GEL close behind. This score focuses on social and market activity, giving props to projects with strong community engagement and momentum.

同時，Lunarcrush放下了Galaxy Score排行榜，這是一個完全不同的球。陶（Tao）領導著挑戰，帶有體素，Sylo和凝膠閉合。該分數側重於社會和市場活動，為具有強大社區參與和勢頭的項目提供道具。

My Two Satoshis

我的兩個satoshis

Grayscale's choices show a clear interest in assets with tangible utility and revenue generation. The inclusion of Morpho, with its impressive TVL and fee revenue, speaks volumes. Also, keep an eye on projects like SYLO and GEL from the LunarCrush rankings, as community-driven projects could be the next big thing.

Grayscale的選擇對具有切實的公用事業和收入產生的資產表現出明顯的興趣。包括Morpho的電視和費用收入包括Morpho的說法。另外，請密切關注Lunarcrush排名中的Sylo和Gel等項目，因為社區驅動的項目可能是下一件大事。

So, there you have it, folks! Grayscale's latest rankings are a reminder that the crypto landscape is always evolving. Stay curious, do your research, and happy investing!

所以，你有，伙計們！ Grayscale的最新排名提醒人們，加密貨幣景觀總是在不斷發展。保持好奇，做您的研究並愉快的投資！