I checked Dusk's TVL last night mostly out of curiosity — expecting a number that matched everything shipped this year. Mainnet, DuskEVM, the bridge to BNB Chain, Dusk Pay, Cordial integration, Chainlink CCIP. I found under $1M locked.
That's not a typo. Development activity on Dusk has been aggressive since mainnet, new components shipping almost every quarter, NPEX alone targeting €200M+ in tokenized securities. But the TVL sitting on top of all that infrastructure is still sub-$1M as of this year.
Most chains I've watched go the other way, usage arrives before the tooling is ready, forcing teams to catch up. Dusk built the rails first.
I'm not calling that a red flag. Regulated finance moves slower than DeFi by design, and NPEX volume alone could close that gap fast if it lands.
Still sitting with it though. how long can infrastructure stay ahead of the assets it was built for before the gap becomes the story itself?
#dusk $DUSK @Dusk
That's not a typo. Development activity on Dusk has been aggressive since mainnet, new components shipping almost every quarter, NPEX alone targeting €200M+ in tokenized securities. But the TVL sitting on top of all that infrastructure is still sub-$1M as of this year.
Most chains I've watched go the other way, usage arrives before the tooling is ready, forcing teams to catch up. Dusk built the rails first.
I'm not calling that a red flag. Regulated finance moves slower than DeFi by design, and NPEX volume alone could close that gap fast if it lands.
Still sitting with it though. how long can infrastructure stay ahead of the assets it was built for before the gap becomes the story itself?
#dusk $DUSK @Dusk
