#dusk $DUSK @Dusk
Last night, My Older sister Fatima told me about @Dusk_Foundation 's mainnet, and I was looking at the On-Chain DATA after hearing it. Yes, inded, one thing seems quite clear..... The launch was pretty quiet, there was no big hype or frenzy.
And yes, this is not just word of mouth, I am still thinking about this. @Dusk_Foundation has been talking about carving out a niche for institutional RWA as a confidential L1 for a long time. Especially the combination of MiCA compliance with ZK architecture is a very strong idea on paper.
But my question is elsewhere.
How much of this narrative is now being seen in real network activity?
But yes, this is where it seems quite strange to me. TVL is not very high yet. There is no rush for big capital to enter here. As a result, DUSK's valuation is still largely based on future prospects and old expectations. Yes, DUSK is useful for staking and gas. But clear evidence of the need for a strong feedback loop between real business, users and token demand is still hard to come by.
But this divide is new to me.
At a glance, it might seem that restrained language means security. It's like, no matter how good an infrastructure looks, its value is ultimately understood by how much real use is being made of it.
And in my eyes, the biggest challenge is liquidity.
Reason is, no matter how good private on-chain securities settlement is, if the secondary market is thin, the real value of that infrastructure is limited. But now the question is, can institutional volume bridge this gap between the roadmap and real network metrics?
The real test of @Dusk_Foundation is now beginning.
And this time, not the announcement, but the adoption will be the biggest story.
However, Only time will tell👍
Last night, My Older sister Fatima told me about @Dusk_Foundation 's mainnet, and I was looking at the On-Chain DATA after hearing it. Yes, inded, one thing seems quite clear..... The launch was pretty quiet, there was no big hype or frenzy.
And yes, this is not just word of mouth, I am still thinking about this. @Dusk_Foundation has been talking about carving out a niche for institutional RWA as a confidential L1 for a long time. Especially the combination of MiCA compliance with ZK architecture is a very strong idea on paper.
But my question is elsewhere.
How much of this narrative is now being seen in real network activity?
But yes, this is where it seems quite strange to me. TVL is not very high yet. There is no rush for big capital to enter here. As a result, DUSK's valuation is still largely based on future prospects and old expectations. Yes, DUSK is useful for staking and gas. But clear evidence of the need for a strong feedback loop between real business, users and token demand is still hard to come by.
But this divide is new to me.
At a glance, it might seem that restrained language means security. It's like, no matter how good an infrastructure looks, its value is ultimately understood by how much real use is being made of it.
And in my eyes, the biggest challenge is liquidity.
Reason is, no matter how good private on-chain securities settlement is, if the secondary market is thin, the real value of that infrastructure is limited. But now the question is, can institutional volume bridge this gap between the roadmap and real network metrics?
The real test of @Dusk_Foundation is now beginning.
And this time, not the announcement, but the adoption will be the biggest story.
However, Only time will tell👍