Has anyone noticed Dusk Network? This Dutch project has been quietly working steadily on privacy and regulatory compliance since its founding in 2018.

Brief background: The Dusk Foundation is headquartered in Amsterdam, with a core team composed of professionals from finance and blockchain backgrounds. Their original goal was to solve privacy leakage issues in traditional financial systems. Early on, they received capital support from some leading exchanges and launched trading pairs in 2019. This already indicated a certain level of recognition for the project at the time.

On the technical side, after the mainnet officially activated in early 2025, transaction processing volume has exceeded one million, and network stability has significantly improved. Recent version updates unified the data availability layer, which is very helpful for adapting to a modular ecosystem.

Looking at the token aspect: DUSK currently has a market cap of about $27 million, with the price fluctuating around $0.05. Compared to other Layer 1 projects, this valuation is quite modest. Considering its technical accumulation in privacy and compliance, the market may not have fully digested its value yet.

From an application perspective, Dusk targets institutional-level financial applications. The competition in this track isn't very fierce, but market demand definitely exists. Payments, communication, and asset management can run seamlessly on one chain while meeting global regulatory frameworks. This combination is attractive for traditional finance to enter.

Overall, Dusk is not a project that relies on marketing hype to create concepts but is continuously iterating in technology and ecosystem development. Of course, the privacy track itself is relatively niche, and whether it can achieve large-scale application deployment remains to be seen.