I’ve been watching DUSK since the 2024 testnet days, and the longer you track it, the less random it looks.
Early on, it felt like just another privacy coin. But look closer, and everything is deliberate:
Built on a custom EVM fork instead of Cosmos or a rollup
Selective disclosure vs. full ZK opacity
1B supply cap, emissions stretched over decades, no aggressive unlocks
That slowness tells the story: regulated RWAs need boring predictability. Auditors, compliance teams, and institutions hate surprises.
DUSK delivers privacy regulators can tolerate, smart contracts that mirror traditional finance but with zk proofs, and tokenomics that reward patience, not speculation.
NPEX integration: real tokenized bonds/funds quietly settling on-chain
Tx volume: still modest, but privacy-preserving transfers and regulated asset mints are steadily increasing
This isn’t a 10x hype play. It’s infrastructure betting that Europe’s MiCA + RWA tokenization takes years, not months.
What to track:
Real issuance via NPEX & partners
Dev activity in zk-SNARK libraries
Staking participation growth without APY gimmicks
Then vs Now
2024 testnet → mostly theoretical zk demos
2026 mainnet → regulated securities live, selective disclosure in prod
Supply pressure → early unlocks avoided, <2% annualized inflation
Narrative → low retail hype, real on-chain regulated activity stacking quietly
DUSK isn’t flashy. It’s intentional, patient, and built to last.