$DUSK , down 15% today, may be the most long-undervalued privacy coin—or the one that’s been telling its story for 8 years without delivering.
First, the exciting part: it’s up 127% year to date and 143% over the past year, but plunged 12–15% today and is now hovering around $0.094. It’s still 92% below its 2021 peak of $1.15.
There was a direct trigger for today’s drop: Binance suspended trading of the token in Brazil on October 27, putting short-term liquidity under pressure.
What does the project actually do? In a nutshell, it’s building a privacy-focused public blockchain for regulated finance in Europe. Zero-knowledge proofs allow securities to be issued and traded on-chain while remaining auditable for compliance and keeping transaction details private. It’s targeting EU regulatory frameworks such as MiCA and MiFID II. The project was founded in 2018, spent six years in development, and finally launched its mainnet in January 2025.
Its partners look impressive: the licensed Dutch exchange NPEX and the compliant electronic money institution Quantoz. It also integrated Chainlink CCIP with NPEX.
But here’s the twist: after all these years of promises, there still aren’t any real securities trading on the chain, and DefiLlama doesn’t even have TVL data for it. Registration for the T-Minus 90 developer program also closes tomorrow. There are just three spots, and the goal is to take a dApp from idea to mainnet in 90 days.
First, the exciting part: it’s up 127% year to date and 143% over the past year, but plunged 12–15% today and is now hovering around $0.094. It’s still 92% below its 2021 peak of $1.15.
There was a direct trigger for today’s drop: Binance suspended trading of the token in Brazil on October 27, putting short-term liquidity under pressure.
What does the project actually do? In a nutshell, it’s building a privacy-focused public blockchain for regulated finance in Europe. Zero-knowledge proofs allow securities to be issued and traded on-chain while remaining auditable for compliance and keeping transaction details private. It’s targeting EU regulatory frameworks such as MiCA and MiFID II. The project was founded in 2018, spent six years in development, and finally launched its mainnet in January 2025.
Its partners look impressive: the licensed Dutch exchange NPEX and the compliant electronic money institution Quantoz. It also integrated Chainlink CCIP with NPEX.
But here’s the twist: after all these years of promises, there still aren’t any real securities trading on the chain, and DefiLlama doesn’t even have TVL data for it. Registration for the T-Minus 90 developer program also closes tomorrow. There are just three spots, and the goal is to take a dApp from idea to mainnet in 90 days.
