After a period of observation, it is necessary to re-examine the true positioning of the DUSK project in the current market environment.

Let's start with its advantages. Among many follow-up projects, DUSK has long focused on the "compliance privacy" track, which is indeed relatively scarce. In the context of the RWA wave and institutional entry, it has found a relatively differentiated niche. This positioning is not based on marketing hype but on technical support that addresses real financial problems. The upcoming launch of DuskEVM and DuskTrade will be key moments to verify whether these promises can be realized.

But risks must also be taken seriously. First is technical execution—cryptography engineering itself is complex, and the stability and capacity to support large-scale applications after the mainnet launch are unknowns. Second is market adoption uncertainty; even with mature technology, it may not persuade institutional clients to migrate quickly, as they still face competition from traditional financial solutions and other blockchain projects. Lastly, regulatory risk—global policies are constantly evolving, and the effectiveness of compliance frameworks may change accordingly.

Ultimately, DUSK is now a high-odds long-term infrastructure bet. Success depends on whether the team can truly coordinate technology, compliance collaboration, and ecosystem development. For investors, it makes sense to view it as part of the larger story of "financial onboarding." The key is to continuously monitor whether those risk points are being addressed and whether the milestones on the roadmap can be achieved on time. In a volatile market, maintaining a clear understanding of the fundamentals is a wiser approach.