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Recently, there have been quite a few people paying attention to DUSK. According to CoinGecko data, this token is now trading at $0.1248, up 15.8% in 24 hours, and has surged 111.8% in a week. Its market cap has jumped to around $62.45 million, with a daily trading volume exceeding $9.985 million. The circulating supply is 500 million tokens, and the fully diluted market cap is only $62.45 million, ranking 588th. Remembering its ATH was $1.09, there is indeed still a lot of room for imagination.
The entire crypto market only increased by 4.2% this week, with smart contract platforms averaging 5.4%. DUSK's 112% surge is obviously extraordinary. The reason behind this can be translated as: the mainnet is running smoothly, combined with new narratives around privacy and RWA (Real World Assets) that are fermenting. More importantly, the Hedger module is a key component; it can hide the information of trading counterparties while also enabling compliant audits through encryption—this directly targets the pain points of institutions in Europe where MiCA regulations are tightening.
On the ecosystem level, things are also heating up. A leading exchange's creative incentive campaign is still ongoing (with over 3 million DUSK rewarded), activating the community through creator tasks. Data shows that 74% of the community sentiment is bullish. All of this points to the same goal: increasing TVL (Total Value Locked) and attracting institutional funds.
In terms of ecosystem progress, the €30 billion securities project on NPEX is advancing, and this price increase seems like institutions are positioning at low levels. Compared to other privacy chains, Monero follows a purely black-box approach, while DUSK has chosen a more compliance-friendly method, which indeed has advantages in attracting traditional financial institutions. Compared to L2 privacy solutions like Aztec, DUSK, as a native L1 privacy protocol, has a lower barrier to entry. Although its ecosystem is still relatively small and TVL isn't explosive yet, relying on the progress of ecosystem partners' deployment, there could still be strong potential for growth.