Ashley Cooper

Earlier, we delved into the internal logic of Dusk. Today, let us widen our perspective and place it within a broader industry coordinate system, examining the real competitive landscape it faces: is it struggling in a crowded red sea, or does it occupy a unique advantageous position?

First, in the core battlefield of 'RWA asset issuance', Dusk is surrounded by giants. Represented by public chains like Ondo, Polygon, and major traditional financial giants directly collaborating (such as Ethereum, Stellar), they have become the preferred choice for standard assets like government bonds and money market funds on-chain due to their established ecosystems, deep liquidity, and strong brand reputation. Dusk does not have an advantage if it competes for such 'transparent' assets.@Dusk
Secondly, in the traditional field of 'privacy protection,' it also has to face mature predecessors like Monero and Zcash. These projects have stronger brand recognition for anonymity and community consensus, but under the current global regulatory wave, their survival space is being squeezed, which in turn creates a timely opportunity for Dusk's 'compliance privacy' narrative.
Therefore, Dusk's real strategy is 'flanking maneuver' rather than direct assault. It precisely targets a critical intersection that is still blank but has clear demand: serving those with strong privacy needs who must also accept strict regulation, non-standardized RWA assets. This includes private equity, non-public bonds, complex structured products, etc., which traditional RWA platforms find difficult to reach due to transparency issues, while established privacy coins cannot serve this 'niche market' due to compliance issues.$DUSK
Its core competitive barrier is the deep integration of 'compliance licenses' and 'auditable privacy technology.'
1. License Advantage: Through in-depth equity cooperation with the regulated Dutch exchange NPEX, Dusk has obtained a 'ticket' to directly access the regulated financial system, which is not easily replicable at the technical level. 2. Technical Integration: Its privacy is not an external module but is natively designed from the consensus layer (SBA) to the execution layer (Hedger, DuskEVM), providing a smoother and safer experience.
For $DUSK , this competitive positioning means: its value does not depend on whether it can become the first in a single track, but on whether it can establish an unshakeable first-mover advantage and network effects in the 'compliance privacy finance' niche market it has pioneered. If successful, it will enjoy a profit zone with relatively mild competition and very high customer stickiness.

Tomorrow, we will temporarily set aside optimism and calmly examine the potential risks and challenges that Dusk must face on its path to its vision.
#dusk

Earlier, we delved into the internal logic of Dusk. Today, let us widen our perspective and place it within a broader industry coordinate system, examining the real competitive landscape it faces: is it struggling in a crowded red sea, or does it occupy a unique advantageous position?
First, in the core battlefield of 'RWA asset issuance', Dusk is surrounded by giants. Represented by public chains like Ondo, Polygon, and major traditional financial giants directly collaborating (such as Ethereum, Stellar), they have become the preferred choice for standard assets like government bonds and money market funds on-chain due to their established ecosystems, deep liquidity, and strong brand reputation. Dusk does not have an advantage if it competes for such 'transparent' assets.@Dusk

Secondly, in the traditional field of 'privacy protection,' it also has to face mature predecessors like Monero and Zcash. These projects have stronger brand recognition for anonymity and community consensus, but under the current global regulatory wave, their survival space is being squeezed, which in turn creates a timely opportunity for Dusk's 'compliance privacy' narrative.
Therefore, Dusk's real strategy is 'flanking maneuver' rather than direct assault. It precisely targets a critical intersection that is still blank but has clear demand: serving those with strong privacy needs who must also accept strict regulation, non-standardized RWA assets. This includes private equity, non-public bonds, complex structured products, etc., which traditional RWA platforms find difficult to reach due to transparency issues, while established privacy coins cannot serve this 'niche market' due to compliance issues.$DUSK
Its core competitive barrier is the deep integration of 'compliance licenses' and 'auditable privacy technology.'
1. License Advantage: Through in-depth equity cooperation with the regulated Dutch exchange NPEX, Dusk has obtained a 'ticket' to directly access the regulated financial system, which is not easily replicable at the technical level. 2. Technical Integration: Its privacy is not an external module but is natively designed from the consensus layer (SBA) to the execution layer (Hedger, DuskEVM), providing a smoother and safer experience.

For $DUSK , this competitive positioning means: its value does not depend on whether it can become the first in a single track, but on whether it can establish an unshakeable first-mover advantage and network effects in the 'compliance privacy finance' niche market it has pioneered. If successful, it will enjoy a profit zone with relatively mild competition and very high customer stickiness.
Tomorrow, we will temporarily set aside optimism and calmly examine the potential risks and challenges that Dusk must face on its path to its vision.
#dusk

Rete Dusk
Sin dal suo inizio nel 2018, ha aderito a un posizionamento chiaro ma altamente sfidante: creare una blockchain Layer 1 incentrata sulla privacy per il mondo finanziario regolamentato. Mentre la maggior parte delle catene pubbliche persegue 'la completa decentralizzazione e l'assoluta anonimato', Dusk va controcorrente proponendo il concetto di 'privacy regolamentata', cercando di soddisfare sia le esigenze di conformità istituzionale che la riservatezza dei dati degli utenti, due obiettivi apparentemente contraddittori.
Dopo il lancio ufficiale della mainnet nel 2025, Dusk ha introdotto uno stack di protocolli core chiamato Twilight. Questo protocollo combina prove a conoscenza zero (varianti ottimizzate principalmente di zk-SNARKs e Bulletproofs), Accordo Bizantino Segregato e un'architettura modulare a tre livelli per raggiungere la completa riservatezza del contenuto delle transazioni mantenendo al contempo attributi di conformità auditabile on-chain. In termini semplici, i regolatori possono vedere che 'una certa transazione soddisfa i requisiti KYC/AML e l'importo è entro la soglia', ma non possono vedere gli indirizzi specifici, gli importi o i dettagli degli asset delle parti coinvolte nel trasferimento. Questa capacità di 'divulgazione selettiva' è la più grande differenza tra Dusk e le tradizionali criptovalute per la privacy come Monero e Zcash.

Se confrontiamo le catene pubbliche della privacy dal 2021 al 2023 a una 'corsa agli armamenti', dove tutti competono su chi ha zero-knowledge più forte e miscelazione più approfondita, la narrativa della privacy dopo il 2025 è silenziosamente cambiata in 'Privacy × Compliance × Finanza Programmabile'. Dusk Network
è in prima linea in questa nuova narrativa.
Nel giugno 2025, Dusk ha ufficialmente annunciato l'aggiornamento della sua mainnet da un'architettura a strato singolo a una struttura modulare a tre strati: Strato di Consenso di Base (SegBA), Strato di Esecuzione (supporto per contratti intelligenti zk) e Strato di Adattamento dell'Applicazione (compatibile con EVM e primitive finanziarie personalizzate). Questo aggiornamento ha ridotto significativamente il costo di accesso istituzionale—ciò che prima richiedeva mesi per personalizzare la logica di conformità ora può essere implementato in settimane tramite plugin modulari. Durante lo stesso periodo, i dati del testnet hanno mostrato TPS stabili tra 800-1200 (grazie all'esecuzione parallela e alla compressione zk), con il sovraccarico della privacy controllato entro limiti accettabili.

In early 2026, a seemingly insignificant piece of news circulated in the crypto circle: a European mid-sized asset management company passed part of its private equity fund share through Dusk Network @Dusk Complete on-chain distribution and secondary circulation. This is not a proof of concept, but a real case with funding scale. And this is the watershed moment in Dusk's journey from marginal privacy projects to institutional-level financial infrastructure.

Dusk's core selling point can be summarized in one sentence: it allows institutions to complete on-chain securities issuance, trading, settlement and compliance reporting without exposing trade secrets and customer identities. While traditional blockchains are either too transparent (Ethereum) or too opaque (Monero), Dusk offers a third path ——“controllable transparency + enforced privacy”.
Technically, the Twilight protocol is its largest moat. Transactions use zk to prove that the hidden amount is related to the participants, but the supervisory node can verify whether the transaction complies with the pre-written compliance rules through a preset viewing key (viewing key). This design makes Dusk one of the first public chains to truly meet the MiCA (EU Cryptoasset Regulation), SEC requirements and GDPR data privacy requirements at the same time.
In terms of ecological progress, from the end of 2025 to the beginning of 2026, the activity on the Dusk chain showed a step-by-step increase. The number of daily active addresses exceeded 300, and the number of daily transactions remained stable at thousands. What is more, these increases are mainly due to RWA-type applications rather than speculative brush volume. Several projects have publicly stated that they are migrating some asset issuance processes to Dusk, including but not limited to real estate shares, carbon credits, art income rights, etc.
The token model also stabilized. DUSK's multifunctional positioning as a gas fee, staking, governance and settlement asset is becoming increasingly clear. Compared to some high-inflation projects, Dusk's fixed block output and gradually decreasing ecological distribution show the intention of long-term sustainability. The market also responded——In January 2026, DUSK prices rose rapidly, partly due to the quiet entry of institutional funds.

Of course, Dusk is not without risk. Privacy technology itself is complex and difficult to audit; compliance routes may also encounter different interpretations in different jurisdictions; and the EVM compatibility layer still needs time to be polished. But when you pull the timeline back to 2026, you discover a fact: it is precisely the richest institutions that need privacy the most. And Dusk is becoming their most likely choice for a privacy settlement layer.
If several tens of millions of euros worth of on-chain securities issuance are seen in the second half of 2026, Dusk is likely to be officially promoted from “an interesting privacy project” to “the underlying standard for RWA and compliant DeFi”.#dusk $DUSK

Before he appeared #dusk developers of blockchain solutions often faced an insurmountable dilemma: complete network transparency or confidentiality of user data. With the implementation of DuskEVM from @Dusk this problem is officially a thing of the past. It is the world's first virtual machine that fully supports sensitive smart contracts, allowing the construction of complex decentralized applications where execution logic and wallet balances remain hidden from prying eyes.

For the ecosystem $DUSK this marks the beginning of a real boom in new dApps. Imagine private decentralized exchanges (DEXs) where your strategies are copy-protected, or voting systems where each member's choices are securely encrypted. Importantly, the network remains scalable and fast thanks to the unique Succinct Attestation consensus. Dusk convincingly proves that privacy should not be a compromise for performance, creating a reliable environment for next-generation developers.

The market for real-world tokenized assets (RWA) is predicted by experts to reach incredible proportions in 2026, and @Dusk builds the necessary infrastructure to transfer this capital online. The main obstacle for RWAs on traditional public blockchains has always been the lack of privacy and the difficulty of going through KYC procedures without the risk of data leakage. Citadel protocol developed by the team #dusk , addresses these issues by allowing users to verify their identity with ZK certificates without actually transferring sensitive personal data.

Token $DUSK becomes a key tool for access to this new market. It ensures the stability and security of the network, where stocks, bonds and real estate can be exchanged instantly, privately and in compliance with the law. We see Dusk becoming the gold standard for issuing regulated digital securities. It's not just a technological superstructure, it's a complete rethink of ownership and access to global investment, where every participant is protected by state-of-the-art cryptography.

Dopo le discussioni precedenti, abbiamo chiarito che Dusk mira a fornire un ambiente on-chain 'auditabile per la privacy' per asset RWA di alto valore. Oggi ci concentriamo sulla sua prima e più critica applicazione pesante — la piattaforma DuskTrade, esaminando come trasforma un grande concetto tecnologico in pratiche commerciali concrete e flussi di entrate.

DuskTrade non è solo un'altra borsa decentralizzata (DEX); la sua essenza è quella di una borsa regolamentata per titoli di asset digitali. Il suo partner principale è la borsa olandese NPEX, autorizzata. Questa partnership è cruciale: NPEX detiene una licenza rilasciata dall'Autorità dei Mercati Finanziari dei Paesi Bassi (AFM), fornendo alla piattaforma un'identità di luogo di trading finanziario legittimo e stabilito. Il ruolo di Dusk è fornire supporto tecnologico sottostante alla blockchain per questo luogo conforme, in particolare il suo ambiente di esecuzione della privacy.

Yesterday we discussed Dusk's technical positioning for 'compliant privacy', and today we want to ask a more practical question: who exactly does this technology serve? The answer points to a currently hot and also traditional field: real-world assets (RWA) worth trillions of dollars.
Currently, the RWA tokenization wave is unstoppable. Standardized assets such as U.S. Treasury bonds and money market funds are being massively put on-chain through the layouts of giants like BlackRock. However, this 'sunshine avenue' is mainly applicable to underlying cash-like assets that require extremely high transparency. When financial institutions attempt to migrate more high-value, non-standardized core assets—such as company stocks, private bonds, risk credit, or even real estate fund shares—onto the blockchain, a fundamental contradiction arises: complete transparency on-chain will expose their most sensitive business secrets.
Imagine these scenarios:
· An investment company is secretly building a position in a certain stock, and publicly available on-chain transaction records would allow competitors to fully grasp its strategy, leading to 'front-running'.
· A company issues a private bond, the exact financing scale, interest rate, and list of subscribers are highly confidential and should not be broadcasted to the entire network.
· In large institutional trading negotiations, quotes, quantities, and counterparty information must be strictly protected before a deal is reached.
The 'full transparency' characteristic of traditional blockchains becomes a fatal flaw in such scenarios. Meanwhile, completely anonymous privacy coin solutions are rejected by institutions for failing to meet financial rules such as 'anti-money laundering' and 'information disclosure'.
This is precisely the key gap market that Dusk is trying to leverage. The core of its solution is that it does not pursue complete anonymity of assets but rather endows each on-chain RWA asset with a 'programmable privacy status'. Through its Hedger module and Confidential Security Token standard (XSC), asset issuers can preset rules: for example, showing details only to counterparties and regulators while displaying only encrypted status to the public; or executing a transaction only when it meets all compliance terms (such as being limited to qualified investors).
Therefore, Dusk's ambitions go far beyond creating yet another privacy token. Its goal is to provide a compliant privacy layer at the protocol level, allowing core assets in traditional finance that are too sensitive to be 'exposed' to safely and compliantly migrate onto the blockchain, enjoying the efficiency revolution brought by blockchain. The value of $DUSK is directly related to whether the future can accommodate the scale of such high-net-worth assets. Its first major application—the DuskTrade platform—will put this blueprint into practice.#dusk @Dusk_Foundation

Nella presentazione di ieri, abbiamo menzionato che Dusk si posiziona come un'infrastruttura finanziaria 'compliant privacy'. Oggi, approfondiamo una questione chiave: sotto la pressione della regolamentazione, le criptovalute privacy hanno ancora un futuro? La risposta data da Dusk potrebbe essere molto ben il suo valore più grande.

Attualmente, le criptovalute privacy tradizionali stanno affrontando una crisi di sopravvivenza senza precedenti. Prendendo Monero come esempio, ottiene un'anonimità obbligatoria e non rintracciabile attraverso tecnologie come le firme a anello, che è davvero il culmine della protezione della privacy ma rende anche 'una spina nel fianco' per le agenzie di regolamentazione globali. Dall'essere costretta a lasciare più exchange mainstream a recenti divieti espliciti su tale trading di asset in luoghi come Dubai, il suo spazio di sviluppo è continuamente compresso.