Dusk Network's mainnet has been stable for several months, which is quite rare among privacy projects. Initially, I was a bit skeptical about whether such projects could truly be implemented, but now I have to say, they have indeed delivered.

From a technical perspective: the combination of zero-knowledge proofs and ring signatures enables transaction privacy on the first layer while maintaining network efficiency. This is not just a superficial concept. Block production is stable, confirmation times are acceptable, and institutional-level settlement needs can at least be supported technically.

Recent developments are even more promising. The security tokenization project in collaboration with NPEX is progressing, involving traditional assets worth hundreds of millions of euros on the chain. It’s important to note that the regulatory environment in the Netherlands is not lenient, so reaching this stage shows the team is not just making empty slogans. DuskEVM is compatible with the Solidity development environment, so migration costs for developers are not too high, but the underlying privacy mechanisms are uncompromising. This balance is quite competitive in the current environment. The tokenomics also make sense: staking participation in SBA consensus, gas fee consumption, clear use cases, and a reasonable network incentive logic.

However, there are also issues on the table. Slow ecosystem expansion is a significant weakness. Native Rust contracts are safer but have a steep learning curve, and most developers are still accustomed to the Solidity toolchain. If features like Lightspeed L2 and Dusk Pay continue to be delayed, on-chain liquidity will remain stagnant, and institutional funds will just keep watching.

This is the dilemma faced by privacy public chains: no matter how strong the technical capabilities, they are not enough; product iteration cycles are lengthy; and regulatory policy changes can easily cause setbacks. The constraints of Europe’s MiCA regulations are indeed tight. Those who can better balance on-chain privacy and auditability will seize the advantage. Dusk’s development direction is not obviously off course; the key is whether execution efficiency and community engagement can keep pace.

Currently, the mainnet is running steadily without systemic issues, making explosive growth unlikely in the short term. But in the long run, if privacy truly becomes a necessity, this project at least has a foundation to survive. For more details, the official website’s update logs and genuine community feedback are worth checking out.