FIRANGI_

Dusk Network has a very clear mission that feels different from most blockchains: it’s built for real finance on-chain, but with privacy and compliance taken seriously from day one. Instead of trying to be “the fastest chain” or “the cheapest chain,” @dusk_foundation is aiming for something more specific and harder: a Layer 1 network where regulated assets can exist, move, and settle on-chain without exposing everyone’s data publicly. That’s a big deal because in traditional finance, privacy isn’t optional. Banks, brokers, and institutions can’t operate if every balance, transfer, and investor position is visible to the whole internet forever. At the same time, regulators still want accountability, reporting, and rule enforcement. Dusk is basically trying to solve that exact tension: keep users and institutions confidential, while still enabling the kind of selective transparency that regulated markets require.
At its core, Dusk is a Layer 1 blockchain designed to support things like tokenized securities, compliant real-world assets, and institutional settlement. The “regulated finance” angle matters because most public blockchains weren’t built for that world. They were built for open DeFi experiments where everything is transparent and anyone can interact. That works for crypto-native users, but it breaks down when you try to bring real assets and real legal requirements on-chain. For example, a company issuing tokenized shares may need to enforce who can hold them, handle dividend logic, restrict transfers, and support disclosures when needed. You don’t just want a token that moves fast — you want the full infrastructure behind it to behave like a real market system.
One thing that makes Dusk stand out is how it treats privacy. It doesn’t force everything to be private, and it doesn’t force everything to be public. Instead, it supports both, depending on what the situation needs. Dusk uses two different transfer styles that people usually describe as “public mode” and “private mode.” The public side is more like a normal account-based system, where balances and transfers can be visible. The private side uses a shielded, note-based system where the network can validate transfers without exposing sensitive information. This is where the zero-knowledge part comes in: you can prove a transfer is valid without revealing the amount or wallet details to everyone. The most important part for real finance is that it also supports selective disclosure, meaning privacy can exist by default, but information can still be revealed when it’s legally required. That’s honestly the only way privacy can work in regulated markets without getting rejected instantly.
Under the hood, Dusk is not just an “EVM chain.” It has a settlement layer called DuskDS, and an execution layer called DuskEVM. In simple terms, DuskDS is the base that handles consensus, settlement, and native transfers, while DuskEVM is the environment that allows smart contracts to run using familiar EVM tooling. That combination matters because it tries to give two wins at the same time: developers get a familiar environment to build in, while the chain still has the privacy and compliance logic built into the settlement system itself. Many projects either focus only on developer convenience or only on compliance design. Dusk is trying to do both, which is ambitious, but also exactly what this niche needs.
Dusk’s Proof-of-Stake consensus system is built for fast and reliable finality, which matters a lot for financial settlement. In finance, you don’t want a “maybe final” transaction that becomes final after a bunch of confirmations. You want clear final settlement that markets can trust. Dusk uses a committee-based approach where blocks are proposed, validated, and finalized through structured steps. The purpose isn’t just to be fast for marketing — it’s to support the idea that tokenized assets and regulated value can settle on-chain in a predictable way. On top of that, the network uses a structured communication layer to reduce noisy message spreading and make performance more stable under load. That’s another detail that sounds boring until you realize institutions care about stability more than hype.
Now let’s talk about the token itself, because $DUSK isn’t only “a fee token.” It’s the asset that ties security and usage together. It’s used for staking, it helps secure the chain, it’s used in transaction fees, and it supports deploying and operating applications. According to the network’s supply model, the initial supply began at 500 million, with emissions over decades that bring the max supply toward 1 billion over time. The idea behind long emissions is to support validator incentives for the long run. Staking also has a clear structure with minimum requirements, and the network uses a “soft slashing” approach, meaning the system penalizes bad behavior or unreliable participation without instantly destroying stake like some harsh models do. That fits the theme of Dusk trying to be stable infrastructure instead of a casino.
One of the more interesting upgrades in the staking direction is something called stake abstraction, often talked about as Hyperstaking. The simple way to understand this is: it allows staking to become more programmable, where smart contracts can interact with staking logic. That opens the door for staking pools, delegation systems, and easier participation for normal users who don’t want to run complex node setups. If Dusk wants to grow into a real settlement network, it needs a strong validator base and easy staking access, so this kind of direction makes sense.
The ecosystem side is also worth paying attention to, because a chain like this needs more than tech. It needs regulated partners, issuance pipelines, and real distribution. Dusk has highlighted its collaboration with NPEX, a regulated exchange in the Netherlands, which is important because this is exactly the sort of real-world connection that tokenized assets need. Tokenization isn’t just “mint a token.” It’s legal frameworks, market access, and regulated operations. Dusk has been positioning itself as infrastructure that can plug into these systems rather than trying to replace them with pure crypto ideology. On top of that, it’s a positive sign when projects focus on standards and connectivity, because tokenized assets won’t succeed if they’re trapped inside one isolated ecosystem forever. For RWAs to scale, they need interoperability and trusted rails.
The roadmap direction after mainnet has been centered around expanding usability and execution options, including payment-focused tooling and scaling routes that stay compatible with the EVM world. That signals Dusk isn’t only thinking about “tokenized stocks” as a narrative, but also the broader world of compliant settlement and payments, which is where the biggest volume in global finance actually lives. If they can combine private settlement, regulatory logic, and developer-friendly execution, the chain becomes more than a niche project — it becomes a serious candidate for real-world financial rails.
Of course, the honest side is that this path is hard. Institutions move slowly. Compliance takes time. Integrations take time. Even if the tech is perfect, adoption isn’t automatic. Privacy systems also get misunderstood in crypto, and the industry sometimes treats privacy like a red flag instead of a requirement for professional markets. Dusk’s “privacy with disclosure when necessary” approach is the correct direction for regulated environments, but it still needs strong education, strong tooling, and a smooth user experience. Competition is also intense because every major ecosystem is chasing RWAs now. Some competitors have more liquidity, more marketing, or more ecosystem momentum. Dusk’s advantage is focus: it’s not trying to win every narrative. It’s trying to win the one that institutions actually care about.
My personal view is simple: if the world truly moves toward regulated assets on-chain, privacy and compliance won’t be “nice extras,” they will be mandatory. In that future, chains designed purely for public transparency will struggle to host serious financial activity without workarounds and wrappers. Dusk is trying to design the solution directly at the base layer, instead of patching it later. That’s why @dusk_foundation and $DUSK deserve attention. It’s not just a coin with a story — it’s a long-term infrastructure bet on how real markets will eventually operate.
@Dusk $DUSK #dusk

Walrus (WAL) là token gốc của giao thức Walrus, một mạng lưới lưu trữ phi tập trung và cung cấp dữ liệu được xây dựng để xử lý những gì mà các blockchain gặp khó khăn: các tệp lớn và dữ liệu nặng. Hầu hết các blockchain rất tốt trong việc ghi lại các giao dịch nhỏ, nhưng chúng chưa bao giờ được thiết kế để lưu trữ video, hình ảnh, tệp trang web, tài sản trò chơi, bộ dữ liệu AI hoặc dữ liệu ứng dụng lớn trực tiếp trên chuỗi. Khi các dự án cố gắng ép loại dữ liệu này vào một blockchain, nó trở nên tốn kém nhanh chóng, trở nên chậm chạp và không mở rộng tốt. Walrus tồn tại vì Web3 cần một lớp lưu trữ cảm thấy thực tiễn như lưu trữ đám mây, nhưng vẫn giữ được những lợi ích của sự phi tập trung.

Most blockchains are great at being transparent, but that same transparency becomes a real problem the moment you try to use crypto for serious finance. If every payment, trade, balance, and contract action is public forever, businesses lose confidentiality, traders get tracked, and institutions simply can’t operate that way. Dusk Network exists for this exact gap: it is a Layer 1 blockchain built to support financial applications where privacy is not a “nice extra”, it is a requirement. �
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Dusk is basically trying to answer one big question: how do we bring real-world finance on-chain without turning it into an open surveillance system? The project focuses on confidential transactions and confidential smart contracts, while still keeping the system verifiable and usable for markets. Dusk talks openly about building for financial use cases, including tokenized securities, where privacy and rules both matter at the same time. �
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The reason this matters is simple: traditional finance is full of sensitive information. Think of salary payments, supplier deals, fund allocations, private investment terms, and regulated securities trading. On a fully public chain, all of that becomes visible to anyone who can read the ledger. That’s not how real markets work. Dusk’s approach is to use cryptography so users can keep data private, but still prove things are correct when needed. This is where zero-knowledge proofs come into the story, because ZK tech lets you prove something is valid without revealing the private details behind it. �
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One of Dusk’s most important ideas is its standard for tokenized securities. The team designed something called the Confidential Security Contract standard (XSC), which is meant for creating and issuing privacy-enabled tokenized securities. In simple words, it’s a framework for putting financial assets on-chain while keeping the sensitive parts confidential. If you’re thinking long-term about RWAs and real market activity, this part is a big deal because it’s not just “private payments”, it’s privacy designed for regulated assets. �
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Now let’s talk about how it works under the hood in a way that’s easy to understand. Dusk has been pushing toward a structure where the settlement and base network layer (called DuskDS) focuses on core blockchain tasks like consensus, final settlement, and data availability, while the application side expands through environments like DuskEVM. This matters because it’s hard to build real adoption if developers can’t use familiar tooling. DuskEVM is documented as an EVM environment that relies on DuskDS for settlement and data availability, which makes it easier for Solidity developers to build while still connecting to Dusk’s foundation layer. �
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Dusk’s mainnet rollout is also not just theory anymore. The project announced that the rollout would lead to its first immutable block on January 7, 2025, and framed it as the start of full network operation. That date matters because it separates “testnet promises” from a live chain that must actually perform in public conditions. �
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Tokenomics is another piece people always ask about, so here are the clean numbers from Dusk’s own documentation. The initial supply was 500,000,000 DUSK. Over time, another 500,000,000 DUSK is scheduled to be emitted as rewards for mainnet stakers across a long emission schedule. That creates a maximum supply of 1,000,000,000 DUSK in total. �
DOCUMENTATION
So what does $DUSK actually do? In normal chains, the token is used for fees and staking, and the same is true here. The difference is that Dusk is targeting a world where serious financial settlement happens on the network, so the token becomes the fuel for private transfers, smart contract execution, and validator incentives. If the chain grows into its niche, $DUSK demand is not just speculation-based, it becomes activity-based, because the network needs the token for security and usage. �
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When we look at the ecosystem direction, Dusk is clearly building around real asset issuance and market tools, not only generic DeFi. External coverage of the mainnet launch highlighted that Dusk’s roadmap plans included things like Zedger Beta (an RWA direction), Lightspeed (a Layer 2 scaling direction), and exchange partnership progress. Even if you ignore the hype, these themes show the chain is aiming for throughput + usability + real market infrastructure rather than just being a “privacy narrative.” �
Coinspeaker
The roadmap also includes technical upgrades that show the team is actively iterating. For example, DuskDS was scheduled for release on December 10, 2025, with the stated goal of improving data availability and network performance ahead of the upcoming DuskEVM mainnet direction. That’s exactly the type of upgrade cycle you want to see if a network is serious about scaling and supporting larger activity. �
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But no deep dive is real without talking about challenges. Privacy + finance is powerful, but it also comes with extra pressure. Regulators watch privacy tech closely, and the public often misunderstands it as “hiding everything,” even when the real purpose is confidentiality with correct settlement rules. Dusk needs to keep communicating that the goal is not breaking compliance, but making compliance possible without forcing everyone to expose their entire financial life on a public ledger. The project’s focus on tokenized securities and financial use cases makes this balance even more important. �
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Another challenge is complexity. Zero-knowledge systems and confidential smart contract execution are harder to build, harder to audit, and harder to make developer-friendly compared to normal public smart contracts. Dusk’s move toward EVM tooling through DuskEVM is smart because it reduces friction, but the ecosystem still needs strong documentation, reliable tools, and a smooth user experience for wallets and apps to truly scale. �
DOCUMENTATION
And then there is the adoption challenge. Even if the technology is strong, real finance moves slowly. Institutions need predictable infrastructure, stable custody solutions, and very clear risk boundaries before they commit. That means Dusk’s success will likely come from steady progress, partnerships, and real use-case growth, not overnight hype candles. �
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My honest take is this: Dusk is interesting because it is not trying to be “everything for everyone.” It is building toward a specific future where regulated assets and financial markets can operate on-chain without leaking sensitive information. If that future arrives the way the industry keeps promising, then privacy-first settlement chains will stop being optional and start being necessary. Dusk has positioned itself to compete in that lane through confidential security contracts, an active mainnet timeline, and infrastructure upgrades supporting its next execution environment direction. �
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If you’re watching projects that could matter when real-world assets and regulated markets scale, @dusk_foundation and $DUSK deserve serious attention—not because of noise, but because the problem they target is one of the biggest unsolved issues in crypto: bringing finance on-chain without turning users and institutions into open books.
@Dusk $DUSK #dusk

I first got suspicious about DUSK in a way I didn’t expect: the price was moving like a tiny token with a huge story, but the trading activity around it looked like it belonged to something much bigger. When I checked the numbers, it wasn’t “community hype” that jumped out. It was the structure. DUSK is one of those rare charts where the token economics are already cleaner than the narrative people keep repeating.
Here’s the reality of what Dusk is trying to be. It’s not chasing the “fastest L1” Olympics. Dusk is built for financial applications that need privacy and compliance at the same time: regulated DeFi, tokenized real-world assets, and institutions that can’t pretend auditors don’t exist. The token, DUSK, isn’t decoration. It’s the staking asset that secures the chain, it pays for execution (gas), and it’s the unit the network uses to compensate the validators/provisioners who keep the ledger honest. Fees get collected, added into block rewards, and redistributed in-protocol rather than leaking value somewhere else. �
DOCUMENTATION
Now the part most traders miss: DUSK doesn’t have the same “future supply cliff” risk that haunts a lot of mid-cap L1s. The original vesting ended back in April 2022, meaning the early allocation schedule isn’t sitting there like a hidden trap waiting to spring. � That matters because it changes the psychology of holding. If you’re not constantly front-running unlocks, you can actually focus on usage and staking behavior.
DropsTab
Token design is also quietly interesting. Dusk launched with 500,000,000 initial supply, but it also has a long emission plan: another 500,000,000 emitted over 36 years, with emissions halving every four years in a geometric decay model. � That halving rhythm creates a slow squeeze effect on new supply pressure over time, and it’s not just theory either—current circulating supply estimates sit around 564.3M on Dusk’s own supply tracker, which implies the network has already moved beyond the initial 500M era into the emission curve. � At the same time, major market trackers still show circulating supply around ~493M, which tells you something else is happening: a meaningful chunk of “technically existing” DUSK is not behaving like liquid float in the same way everywhere (migration paths, deployer-held balances, and where liquidity actually lives). �
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And then you look at behavior, not just supply. The DUSK market has been printing eye-catching spot volume relative to its market cap (tens of millions daily on some days), which screams rotation and short-term trading interest rather than sleepy accumulation. � But staking is the counterweight that makes this token harder to model like a simple “meme pump.” Dusk has publicly pointed out that over 200M DUSK has been staked—roughly a third of total supply locked into securing the network—so while traders churn the float, a big chunk of the asset is effectively voting with its feet and choosing yield + security over instant liquidity. � That’s a real split-brain market: one part treating DUSK like a tradable instrument, the other treating it like infrastructure.
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So what does all of this mean? It tells me DUSK is currently priced like a speculative token, but structured like an infrastructure token that’s already past its ugliest phase (heavy vesting cliffs). That combination is rare. It also means the next leg isn’t purely a “macro pump” story. If Dusk’s chain usage grows—RWAs, compliant DeFi, private settlement flows—then DUSK demand can become sticky: staking to participate, gas to execute, and a steady incentive loop that keeps validators aligned.
The unique opportunity is exactly there: Dusk is aiming at a market that most crypto traders don’t study deeply because it sounds boring—regulated finance rails. If tokenized securities and compliant on-chain markets actually expand, you don’t want a chain that’s “anonymous and chaotic.” You want privacy with auditability. That’s the niche Dusk is carving, and if it works, DUSK stops being “just another L1 coin” and starts behaving like a permissionless utility asset that institutions can still operate around.
But there’s a specific risk too, and it’s not the usual “unlock dump.” It’s demand timing. Emissions are real, and even with the halving schedule, supply keeps expanding for decades. � If real usage doesn’t scale fast enough, staking rewards can turn into a slow bleed where yield seekers farm and sell, keeping price capped. Dusk needs genuine fee-generating activity, not just staking loops, otherwise the token economy becomes circular.
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My forward view is pretty simple. If staking stays high and Dusk starts showing credible, repeatable on-chain activity tied to regulated assets (not just “announcements”), DUSK can re-rate sharply because it’s one of the few mid-cap tokens without a giant vesting sword hanging overhead. If, instead, volume stays trader-driven while network demand remains thin, you’ll keep seeing violent pumps and mean reversions—big candles, low follow-through. The next 6–12 months won’t be decided by vibes. It’ll be decided by whether DUSK becomes a token people need to hold for access and throughput, not just a chart they trade for adrenaline.
@Dusk $DUSK #dusk

I first got interested in Walrus ($WAL ) for a weird reason: the token’s market behavior kept looking “too liquid” for something that’s basically selling storage. WAL trades like a mid-cap momentum coin on green days, but when I dug into how the protocol actually monetizes, it feels more like a utility chip with a very specific demand curve — and that mismatch is where the real story sits.
Walrus isn’t trying to be another DeFi playground. In practice it’s a decentralized storage + data-availability layer on Sui, built for big blobs (video, images, datasets) that you don’t want fully replicated everywhere. Instead, Walrus uses erasure coding and spreads encoded pieces across storage nodes, which is why it can stay robust without the insane overhead of “copy the whole file 20 times” designs. Their own docs describe storage overhead as roughly ~5x the blob size because of the erasure-coded encoding structure. �
Walrus Docs
So what does WAL really do? It’s the payment token for storing data on Walrus, plus the asset that aligns storage operators and stakers. The key detail most people skip: pricing is designed to stay stable in fiat terms, and storage is paid upfront for a fixed amount of time, with that WAL streamed out over time to operators and stakers. That’s not marketing fluff — it’s a mechanism that changes how token demand behaves across market cycles. �
Walrus
Now the data that made me pause. WAL’s circulating supply is about 1.577B, with a max supply of 5B. Price has been hovering around $0.13, with roughly $10–14M in daily volume, putting it in that zone where it’s liquid enough to trade but still thin enough to get pushed around. � One historical anchor matters: WAL’s reported ATH was around $0.758 on May 14, 2025, meaning it’s still sitting deep below its peak even after plenty of “storage narrative” hype cycles came and went. �
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But here’s the more telling on-chain-ish signal: staking participation and operator spread. A staking-focused report in 2025 pointed to 996.8M WAL staked across 103 node operators, with the top operator holding only ~2.6% of total stake. � Do the math and that staked amount is roughly 63% of circulating supply. That’s not a meme coin distribution. That’s a network where a large slice of liquid WAL is choosing to sit still, because the protocol is paying for honest storage and availability rather than incentivizing pure speculation.
Everstake
If you zoom out, that combination explains a lot about WAL’s personality. High staking share reduces free float, so the chart can rip on relatively small inflows. At the same time, because storage pricing aims to be stable in fiat, WAL doesn’t automatically get a revenue “turbo boost” just because the token price doubles. That’s a subtle inversion compared to most L1 fee tokens. If usage (stored bytes + renewal periods) isn’t expanding, the token can pump… but the fundamental cashflow-like demand won’t necessarily follow at the same speed.
This is where unlocks and emissions start to matter more than the average trader wants to admit. WAL’s token allocations include a heavy community reserve component and multi-year vesting behavior depending on category, with some schedules stretching out toward the early 2030s. � Translation: supply isn’t “done” anytime soon. Even if you believe in the tech, you still need to respect the calendar, because storage networks don’t get to hide from long emissions the way pure narrative tokens sometimes do.
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The opportunity that feels uniquely Walrus is simple: if Sui keeps attracting consumer apps and AI-ish workflows, Walrus is one of the cleanest pipes for “big data that needs to be verifiable and retrievable.” Walrus’ own positioning leans into data markets for the AI era, and that’s not a small theme if it becomes real usage instead of a banner headline. � If developers start treating storage as programmable infrastructure (not just a place to dump files), WAL demand can climb in a way that’s not correlated to DeFi TVL at all — it’s correlated to data gravity.
Walrus
The risk most traders are missing is also uniquely Walrus: because the system tries to keep storage costs stable in fiat, WAL’s upside is less about “price goes up → fees explode,” and more about “bytes stored + time stored grows → persistent buy pressure grows.” That’s harder. It requires real adoption, not just a bull market. And the unlock overhang means WAL can be punished for slow adoption even if the tech stays best-in-class.
My forward scenario is pretty grounded: WAL doesn’t need to be the loudest token on Binance to win. If the next 2–3 quarters show rising storage usage and renewals, you’ll likely see staking remain high, float stay tight, and price react violently to even moderate net demand. If usage stays flat, WAL probably chops as a trader’s token while emissions slowly dilute conviction. Either way, the signal to watch isn’t hype — it’s whether Walrus becomes the default “I need data on-chain without insane costs” layer for Sui builders. If that flips, WAL stops being a trade and starts being a required ingredient.
@Walrus 🦭/acc , $WAL , #walrus