Grayscale的前20名加密货币排名：Avax和Morpho晋级！

灰度席卷了其前20名加密货币榜，欢迎Avax和Morpho，而既定的名字仍然没有。深入了解驱动这些变化的变化趋势和见解。

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.

什么是Crackin'，Crypto Fam？ Grayscale刚刚放弃了其第三季度2025前20个加密代币列表，这让每个人都在嗡嗡作响。大变化正在进行中，所以让我们深入了解这对市场意味着什么。

The New Kids on the Block: AVAX and Morpho

街区上的新孩子：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）是灰度名单上的新面孔，由于它们最近的表现和稳固的增长，抓住了景点。 Avax通过交易量和用户采用杀死了IT，并由StableCoins和Gaming App Integrations提高。另一方面，Morpho在Defi Lending中引起了轰动，尤其是随着Morpho V2的推出，旨在将Defi带入传统金融的大联盟。

Who Got the Boot? Lido and Optimism

谁得到了靴子？ Lido和乐观

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.

至少目前与Lido Dao（LDO）和乐观（OP）说再见。灰刻说，围绕桩服务的监管不确定性是对利多的收入的潜在打击。尽管具有技术，但显然仍在努力捕捉经济价值。这表明朝着优先考虑短期势头和采用而偏向于纯粹部门的主导地位的转变。

XRP and Cardano: Still on the Sidelines

XRP和Cardano：仍在场上

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.

在另一个季度中，XRP和Cardano（ADA）是MIA。考虑到XRP的潜在景点ETF批准的嗡嗡声，这是一个头部抓手。分析师甚至对XRP ETF的可能性表示赞同。这是肯定的，这是行业观察家想知道灰度的评估方法。

Grayscale's Take on Sector Trends

灰度对部门趋势的看法

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报告突出了一些很酷的趋势。比特币在货币游戏中表现出色，智能合约平台也看到了大量的交易，即使由于Memecoin的热潮降温，费用正在下降。分散的AI，DEFI贷款和智能合同解决方案也成为人们关注的焦点。

LunarCrush Galaxy Score: A Different Perspective

Lunarcrush Galaxy得分：不同的视角

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.

同时，Lunarcrush放下了Galaxy Score排行榜，这是一个完全不同的球。陶（Tao）领导着挑战，带有体素，Sylo和凝胶闭合。该分数侧重于社会和市场活动，为具有强大社区参与和势头的项目提供道具。

My Two Satoshis

我的两个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的选择对具有切实的公用事业和收入产生的资产表现出明显的兴趣。包括Morpho的电视和费用收入包括Morpho的说法。另外，请密切关注Lunarcrush排名中的Sylo和Gel等项目，因为社区驱动的项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，伙计们！ Grayscale的最新排名提醒人们，加密货币景观总是在不断发展。保持好奇，做您的研究并愉快的投资！