Grayscale的Q3监视列表已经出门了！发现哪个山寨币进行了削减，哪些降低了，这对加密市场的未来意味着什么。

Altcoins on Grayscale's Q3 Watchlist: What's Hot and What's Not

Grayscale Q3监视列表上的山寨币：什么是热，什么不是

Grayscale's Q3 watchlist offers a glimpse into institutional interest in the crypto space. Which altcoins are they eyeing, and what does it mean for you? Let's dive in!

Grayscale的Q3监视列表可瞥见加密货币空间的机构兴趣。他们正在关注哪些山寨币，这对您意味着什么？让我们潜入！

Grayscale's Q3 Altcoin Picks: A Fresh Look

灰度的Q3 Altcoin精选：新鲜的外观

Grayscale Investments recently released its Q3 watchlist, highlighting 20 altcoins they believe are worth watching closely. The list isn't a set of investment recommendations, but rather a barometer of where institutional focus might be heading. This quarter sees some interesting shifts, with Avalanche (AVAX) and Morpho (MORPHO) joining the ranks. These additions signal Grayscale's interest in high-speed blockchain platforms and the DeFi space.

Grayscale Investments最近发布了其Q3监视清单，重点介绍了他们认为值得关注的20个Altcoins。该列表不是一组投资建议，而是机构重点可能出向的晴雨表。本季度看到了一些有趣的转变，雪崩（Avax）和Morpho（Morpho）加入了队伍。这些加法表明，灰度对高速区块链平台和DEFI空间的兴趣。

Who Got the Boot?

谁得到了靴子？

Not everyone could stay on the list. Lido DAO (LDO) and Optimism (OP) were dropped. According to Grayscale, the list prioritizes utility, traction, and strong underlying technology over short-term price speculation. This reshuffle suggests a focus on sustained growth and strategic progress.

并非每个人都可以留在名单上。 Lido Dao（LDO）和乐观（OP）被删除。根据Grayscale的说法，该清单优先考虑实用程序，牵引力和强大的基础技术，而不是短期价格投机。这种改组表明，重点是持续增长和战略进步。

The Mainstays: BTC, ETH, and More

支柱：BTC，ETH等

While there were some new additions and removals, familiar names like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) continue to hold their ground. Newer players such as Hyperliquid (HYPE), Ethena (ENA), and Jito (JTO) also remain on the list. The diversity of these assets across AI, DeFi, infrastructure, and tokenized data highlights the broadening use cases within the crypto space.

虽然有一些新的补充和拆卸，但熟悉的名字（例如比特币（BTC），以太坊（ETH）和Solana（Sol）（Sol）（Sol）继续保持自己的立场。诸如Hyproliquid（Hype），Ethena（ENA）和Jito（JTO）等新玩家也保留在列表中。这些资产在AI，DEFI，基础架构和令牌化数据中的多样性突出了加密货币空间内的用例扩大。

Altcoins Poised to Rally? Low Volume Could Be Key

Altcoins准备参加集会？低容量可能是关键

Interestingly, while Bitcoin has been stealing the show, many altcoins are still struggling to catch up. However, some analysts suggest that this quiet phase for altcoins may soon end. Axel Adler, a market researcher, points to declining trading volumes as a potentially bullish signal. As of late June 2025, the average monthly altcoin exchange flow was below the annual average, suggesting asset consolidation and growing accumulation potential. If history repeats itself, this low-volume lull could be the calm before an altcoin storm.

有趣的是，尽管比特币一直在窃取节目，但许多Altcoins仍在努力追赶。但是，一些分析师认为，Altcoins的这个安静阶段可能很快就会结束。市场研究人员阿克塞尔·阿德勒（Axel Adler）指出，交易量下降是潜在的看涨信号。截至2025年6月下旬，平均每月Altcoin交换流量低于年平均水平，这表明资产合并和增长的积累潜力。如果历史重演，那么这种小批量的停滞可能是山寨币风暴之前的平静。

XRP and Cardano: Still on the Sidelines

XRP和Cardano：仍在场上

Despite increased speculation about an XRP ETF, Grayscale has again excluded XRP from its Top 20. Cardano (ADA) also failed to make the list, continuing its absence despite recent network upgrades. It seems Grayscale prioritizes legal clarity and sustained adoption metrics over short-term price action.

尽管人们对XRP ETF的猜测增加了，但Grayscale再次将XRP排除在其前20名中。Cardano（ADA）也未能列入列表，尽管最近的网络升级，但仍继续缺席。灰度似乎优先考虑法律清晰度和持续采用指标，而不是短期价格行动。

Final Thoughts: Keep Your Eyes Peeled

最终想法：睁大眼睛

Grayscale's Q3 watchlist offers valuable insights into the ever-evolving crypto landscape. While it's not a crystal ball, it does provide a glimpse into what institutional investors are watching. Whether you're a seasoned crypto veteran or just getting started, keeping an eye on these trends can help you make informed decisions. So, buckle up, crypto enthusiasts, it's going to be an interesting quarter!

Grayscale的Q3监视列表为不断发展的加密景观提供了宝贵的见解。虽然它不是水晶球，但它确实可以瞥见机构投资者正在观看的东西。无论您是经验丰富的加密货币老兵还是刚开始，请密切关注这些趋势都可以帮助您做出明智的决定。因此，搭扣，加密爱好者，这将是一个有趣的季度！