DUSK, the privacy coin, has been active recently. Judging by the recent surge, it has indeed attracted a lot of attention. But what’s truly interesting is that this project’s approach is completely different from traditional privacy coins.

In terms of positioning, DUSK’s differentiation strategy is quite clear. Looking at veteran privacy coins like Monero and Zcash, they mainly rely on community enthusiasm, whereas DUSK adopts a compliance + institutional approach. The project’s CEO previously worked in the technical department of the Dutch stock exchange and is now pushing for an EU MTF trading license. This kind of layout is among the leading levels in the entire privacy coin sector. In other words, it’s solving trust issues through institutional design rather than just code.

The technical aspect is also worth examining. Dusk Network uses sharding technology combined with Byzantine consensus mechanisms, ensuring both scalability and security. Even more interesting is their self-developed Piecrust zero-knowledge proof virtual machine, which is a first in the industry and directly paves the way for privacy smart contracts. These are not just technical gimmicks; they are infrastructure capable of solving real problems.

Now, RWA (Real-World Asset Tokenization) has become a new trend in the crypto market, and DUSK has found a new application scenario here. Private equity funds and corporate bonds—traditional financial assets—require privacy protection while complying with regulations. DUSK’s compliant privacy features precisely meet this demand. In simple terms, it’s trying to build a bridge between traditional finance and blockchain, and there is some potential in this space.

However, the risks must be clearly stated. Currently, DUSK’s Relative Strength Index (RSI) has reached 88.83, entering overbought territory, which indicates a possibility of a reversal. More concerning is that the top five addresses control 67.72% of the token supply. Such high concentration poses significant risks of market manipulation and price volatility. Looking back at history, DUSK once experienced a 58.87% decline, which shows that volatility is an inherent characteristic of this coin. The ecosystem’s maturity and the speed of application deployment still require ongoing observation.