In the blockchain infrastructure sector, although both DUSK and Hyperlane are working on underlying protocols, looking at the broader picture, DUSK's investment logic is indeed more solid.

First, let's consider technological maturity. DUSK is building privacy financial infrastructure, launched in 2018, and has gone through nearly 8 years of bull and bear cycles, with its technical solutions and application scenarios basically finalized. Hyperlane focuses on cross-chain technology, a highly competitive sector dominated by leading projects like LayerZero and Axelar. More importantly, the commercialization of cross-chain technology is still in the exploratory stage, with no clear profit model, and the long-term prospects of the project are much more uncertain than DUSK.

Next, let's look at token distribution. DUSK has a circulating supply of 487 million tokens out of a total of 500 million, with a circulation rate of over 97%. The concentration of holdings is only 5.46, indicating a well-distributed token allocation without the risk of large holders manipulating the market. Currently, the price is $0.05884, providing ample safety margin from the historical low of $0.011, while the historical high of $1.1657 suggests room for recovery. Hyperlane, on the other hand, has never publicly disclosed its token circulation and holdings data, which itself is a potential risk.

In summary, DUSK is a proven, mature project, while Hyperlane is still in early-stage competition. From a risk-reward perspective, the former is more worth paying attention to.