The market's undervaluation of Dusk is quite interesting. Priced at a few cents with a market cap of hundreds of millions, compared to a Layer1 that has already partnered with the Dutch Securities Exchange (NPEX), this valuation indeed hasn't fully reflected the project's potential.

The core logic is quite clear: RWA (Real-World Asset) projects are currently very noisy, but very few can pass regulatory scrutiny and have genuine financial collaborations. Dusk is different; they already have a compliant asset on-chain project worth 300 million euros in progress. Can those air projects in your hands achieve the same?

On the technical side, the official launch of DuskEVM in the second week of January marks a turning point. Developers can now directly develop privacy-preserving compliant applications using Solidity. This sounds simple, but for institutions, it’s the missing piece of the puzzle.

The "Hedger Protocol" is a highlight. The use of zero-knowledge proofs allows transactions to be encrypted by default, but regulators can selectively decrypt and review when needed. This "controllable privacy" design is exactly what large capital inflows require. Privacy and compliance are both addressed.

The roadmap also appears solid: application launch in Q1, real validation of RWA transactions exceeding 300 million euros, and increasing institutional holding ratio target to 70%. These are not empty words but ongoing initiatives.

The space from a few cents to a few dollars depends not on charts but on whether genuine financial institutions are willing to buy in and whether the technology can be practically implemented. Both are present this time. When the wind rises, the quietest voices are often the most significant.

#数字资产市场动态 $ETH