Recently revisiting the privacy sector, I increasingly appreciate projects that are not swayed by market sentiment. Dusk gives this kind of feeling—its presence is not overly flashy, but its logic remains clear and stable. Many privacy projects treat privacy as a marketing story, while Dusk seems to regard it as a long-term foundational capability to be refined.

From a practical application perspective, the bottleneck for privacy projects often isn't the technology itself but their disconnect from reality. Some projects either ignore compliance altogether or assume users will only operate within the crypto ecosystem. Dusk's approach is quite different—it has incorporated real-world finance, institutional needs, and regulatory environments into its design logic from the very beginning. This kind of trade-off is indeed challenging, but it also brings the project closer to real-world application scenarios.

Looking at the market cycle, each wave of market activity tends to reignite interest in privacy concepts, but the focus shifts. In the past, the question was whether anonymity could be achieved; now, the question is whether privacy can be used within regulatory frameworks. DUSK's positioning happens to be at this turning point—it is not about using privacy to oppose regulation but about integrating privacy into compliance systems. In the long run, this path has stronger vitality.

If we consider the entire crypto ecosystem as a system, privacy should be part of the underlying infrastructure, not just surface features. What Dusk is doing is essentially filling a long-neglected foundational gap. DUSK may not be suitable for short-term hype, but in an environment that is increasingly becoming practical and regulated, this kind of restraint and proactive planning is actually more worth paying attention to.