Look at the projects in the market that shout about applications, yields, and speed every day. To be honest, my focus is actually on another area—the teams that are truly "building the foundation." Dusk gives me that impression; it’s more like a Layer1 laying the groundwork for the next wave of financial onboarding.

Think about the current traditional financial system—what is it fundamentally? It’s highly compliant, with clear responsibility boundaries, and is auditable and traceable. But many blockchains simply can’t handle this—lacking auditing capabilities, insufficient privacy protection mechanisms, and poor compatibility with traditional systems. As a result, a lot of applications can only operate in the gray area.

What makes Dusk impressive is that it never intended to avoid these issues from the start; instead, it confronts them head-on. Looking at the design logic of products like Hedger and DuskTrade, you can see this approach running through from beginning to end.

Looking at the longer-term timeline, I see assets like $DUSK as a kind of "infrastructure bullish option." When RWA and compliant DeFi become mainstream demands, the market will realize—why are such projects so scarce? The current hype is just temporary. The real dividing line is long-term.