Recently, I’ve been looking into the developments of the Dusk project and realized that everyone might be captivated by the K-line charts. The real opportunity actually lies elsewhere — this team is not betting on emotions and narratives this year, but on solid execution.

The data side is quite interesting. DUSK is currently trading around $0.05, with a total market cap of just over $20 million, and a 24-hour trading volume of only a few million dollars. In the entire crypto market, this is an early stage where there’s a story but the market sentiment hasn’t fully lifted it yet.

What truly appeals to me are its core product directions: the product lines targeting RWA and on-chain transactions, EVM compatibility, and that set of "auditable but not fully revealing" privacy transaction solutions. To put it simply, Dusk is betting on this logic — as regulatory red lines become clearer, pure anonymity solutions are becoming harder to sustain, and only privacy technologies that can be accepted by institutions and regulators will have real market potential.

However, I have to be honest: the biggest risk with this innovative approach is delays. Any missed deadlines could potentially bring the entire valuation back to square one. So, I’m not interested in what they say with fancy words, but whether they can deliver products consistently this year and truly attract institutional funds and actual trading volume. That’s the real standard to judge everything by.