Recently, market hotspots have been rotating quickly, but the number of good projects that people truly focus on and study deeply is actually decreasing. I recently took another careful look at Dusk. To be honest, it’s not the kind of project that immediately impresses you, but the more you look into it, the clearer it becomes what they are doing.

The core idea of Dusk is not complicated, but very interesting — privacy is not used to evade regulation, but to serve real financial activities. This is completely opposite to how most privacy chains operate.

Traditional privacy solutions emphasize "no one can see," but in the real financial world, it’s quite the opposite. Accounts need to be auditable, assets need to be verifiable, but sensitive information like transaction details and participant relationships do not need to be publicly disclosed. Dusk is working in this middle ground. They have integrated zero-knowledge proofs directly into the protocol layer, targeting the privacy needs of real financial scenarios, rather than creating anonymous tools.

This also explains why Dusk has been emphasizing its positioning — as a Layer1 for institutional finance, securitized assets, and RWA scenarios. Many projects are now riding the RWA trend, but when it comes to actual implementation, you’ll find that the biggest headache isn’t where to find assets.

The real bottlenecks are three issues: How to protect privacy? How to audit on-chain data? How do regulators accept it? Dusk’s design approach doesn’t seem to chase the trend, but rather looks like an early ambush, waiting for market demand to truly explode. It doesn’t rely on emotional cycles, but it’s very promising when the main trend shifts.

When the market starts pricing the "compliance + real assets" combination, Dusk, as a foundational infrastructure, will be hard to undervalue in the long term.