$DUSK is currently trading at 0.28, and another surge came last night. Interestingly, this time it’s not the typical pump-and-escape pattern; on-chain buying is genuinely absorbing. Privacy narratives, finally, are taking center stage.

Coming late but hitting hard. Why so aggressive? Look at the same track—Monero faces increasingly strict regulations, Zcash’s proof system has long been outdated, and DUSK has directly rolled out the new generation solution with Plonk+Halo2. Institutions glance at the tech stack and get the picture.

The real game-changer is the recursive proof of RuSK VM. When Circuit Optimizer v2 launches in early 2026, proof paths will be compressed to an incredible degree. How incredible? Take a complex private lending contract on a certain platform—proof generation for a single execution takes only 80 milliseconds, and after aggregation, it’s less than 8KB on-chain. What does 8KB mean? Gas costs become negligible, enabling high-frequency liquidation scenarios to take off.

The entire liquidation logic is packed within ZK-range proofs, with health ratios masked until just before critical levels. The view key only reveals necessary data to the liquidator. Once viewed, it’s burned—privacy leaves no trace.

What’s the current size of Citadel’s private liquidity pool? TVL remains around $600 million, with an average daily trading volume exceeding 100,000 transactions. How did this scale come about? The concentrated liquidity primitive has been fully privatized—range proof verification locations do not overflow, and the fee accumulation process is completely invisible. LPs can only see their own yield proofs. The proofs are concise enough for validators to process in parallel; currently, over 250 nodes are running, with proof batches recursively merged, capable of handling 2,000 transactions in one go without stress. Final performance remains at 0.6 seconds, a speed that makes RWA settlements truly feasible.

Recently, two XLS-20 implementation projects have emerged—European green bonds and real estate tokenization, with combined locked assets approaching nearly $800 million. Why such rapid growth? Because the freezing mechanism is directly integrated into the on-chain primitives. Regulatory views are embedded into commitments; after instructions are issued, Merkle proof verification authorizes freezing, precisely targeting addresses with zero diffusion risk. Under this design, compliance costs are cut by two-thirds.