Grayscale更新了其前20名列表，添加了三个新的加密项目，即Maple，Geodnet和Story协议。

SUI（SUI）因其快速交易和低费用而成为反对以太坊的有力竞争者。

Crypto asset management firm Grayscale has unveiled an update to its top 20 list of crypto projects for Q2 2025. The latest ranking introduces three new contenders—Maple (SYRUP), Geodnet (GEOD), and Story Protocol (IP)—while removing Akash, Arweave, and Jupiter from the lineup.

加密资产管理公司Grayscale宣布了其第2季度2025年的Crypto项目列表的更新。最新的排名介绍了三个新的竞争者-Amaple（Syrup），Geodnet（Geodnet（Geod）和故事协议（IP） - 删除Akash，Arweave和Jupiter，从阵容中删除Akash，Arweave和Jupiter。

The first quarter of 2025 saw a downturn in the cryptocurrency market, mirroring the decline observed in tech stocks and other high-risk assets, according to Grayscale Research.

根据Grayscale Research的数据，2025年第一季度的加密货币市场下降，反映了技术股票和其他高风险资产的下降。

Despite this, Web3 applications in the DeFi, AI, and infrastructure sectors collectively generated over $2 billion in revenue.

尽管如此，DEFI，AI和基础设施领域的Web3应用程序统称超过20亿美元的收入。

Among the most promising smart contract platforms is Sui (SUI), which stands out for its rapid transactions and minimal fees without the need for extra scaling layers like Ethereum. However, Sui currently comprises only 3% of Grayscale’s Smart Contract Platforms index.

SUI（SUI）最有希望的智能合同平台之一，它因其快速交易和最少的费用而脱颖而出，而无需额外的扩展层，例如以太坊。但是，SUI目前仅占Grayscale智能合同平台指数的3％。

For Q2 2025, Grayscale is highlighting three key areas: Decentralized Physical Infrastructure (DePIN), Real World Assets (RWA), and Intellectual Property Tokenization (IP). Some new projects are joining the firm’s Top 20 list.

对于第二季度2025年，灰度强调了三个关键领域：分散的物理基础设施（DEPIN），现实世界资产（RWA）和知识产权令牌（IP）。一些新项目正在加入该公司的前20名列表。

New Additions to Grayscale’s Top 20 for Q2 2025

Grayscale Q2 2025的前20名的新增加

The latest update brings three fresh names to Grayscale’s watchlist:

最新更新为Grayscale的监视列表带来了三个新名称：

Maple (SYRUP): A lending platform catering to institutional clients and boasting over $600 million in total value locked (TVL). It has generated $20 million in fees over the past month and is aiming to cross $2 billion in TVL by 2025.

Maple（糖浆）：一个为机构客户提供迎合的贷款平台，并拥有超过6亿美元的总价值锁定（TVL）。在过去的一个月中，它已经产生了2000万美元的费用，并打算到2025年超过20亿美元的TVL。

Geodnet (GEOD): A decentralized infrastructure project that provides real-time, highly accurate positioning data. It now operates in 130+ countries with over 14,000 devices and has crossed $3 million in monthly fee revenue.

Geodnet（Geod）：一个分散的基础架构项目，可提供实时，高度准确的定位数据。现在，它在130多个国家 /地区拥有14,000多个设备，已经超过300万美元的月收费收入。

Story Protocol (IP): Focused on tokenizing the $70 trillion intellectual property market, this project is making headlines by bringing top artists, including Justin Bieber and BTS, to the blockchain.

故事协议（IP）：专注于使$ 70万亿美元的知识产权市场的实现，该项目通过将包括贾斯汀·比伯（Justin Bieber）和BTS在内的顶级艺术家带到区块链中，成为头条新闻。

However, Grayscale cautions that these assets remain highly volatile and risky. GEOD, in particular, lacks major exchange listings, rendering it an even riskier investment.

但是，格雷斯卡（Grayscale）警告说，这些资产仍然高度波动和风险。尤其是地球上的地理位置缺乏主要的交换清单，使其成为更风险的投资。

Three Assets Removed From Grayscale’s Top 20 List

从灰度的前20名列表中删除了三个资产

Grayscale has removed three assets—Arweave (AR), Akash (AKT), and Jupiter (JUP)—from its Top 20 list due to their performance. Despite this, the firm will continue monitoring their potential.

Grayscale删除了三个资产（AR），Akash（AKT）和Jupiter（JUP），由于其性能而从其前20个列表中删除。尽管如此，该公司仍将继续监视其潜力。

Moreover, Grayscale observed a decline in overall market capitalization and a weakening of the Consumer & Culture sector, driven by the decline of memecoins and Solana’s ecosystem.

此外，格雷斯卡尔（Grayscale）观察到总体市值下降，消费者和文化部门的削弱，这是由于成员和索拉纳（Solana）的生态系统的下降而驱动的。