Dusk stands out because not a lot of blockchains are really made for regulated token markets from the ground up. It got started back in 2018, and its a Layer-1 setup aimed at financial stuff thats regulated and cares about privacy, with ways to audit things right in there.
That setup feels important, I think. In regulated finance, you always have to verify and oversee everything, or it just doesnt work. Institutions want to know how they can check activities, keep them in line with rules, and make sure nothing slips. If thats missing, even the coolest tech wont get picked up by anyone serious.
The modular way Dusk is built helps with thinking long term too. Financial systems cant just keep getting ripped apart with every change. Upgrades have to come in a controlled manner, something predictable that works with what already exists. Institutions prefer that kind of stability, not wild experiments, and Dusk seems to get that.
Its all about applications that are institutional level, with DeFi thats compliant. So the people its for are pretty clear, not the retail crowd chasing hype or quick trends. This is more for structured finance where following rules and being reliable counts way more than something new and flashy.
Tokenized real world assets make sense in this picture. Things like issuing them, settling trades, and then secondary markets all need infrastructure that handles regulations properly. Its a slower road compared to those general purpose chains, but it might last longer. If regulations get stricter and tokenization keeps growing, Dusk could end up being a big deal, maybe even more valuable down the line. That part gets a bit speculative, though.
