Dusk mainnet launched just two weeks ago, and the number of transactions on the browser hardly shows any signs of activity. Check the on-chain data—TVL is only a little over $550,000, and most of it still comes from liquidity provided by DEXs; very few applications are actually running. This situation isn't unusual for a new public chain, but the problem is, the token price has already surged to $0.12, with a market cap exceeding $60 million. This doesn't quite add up—what expectations are driving this price increase?

Thinking carefully, the market logic might be like this: betting that DuskEVM can become the underlying infrastructure for privacy DeFi and RWA, betting that EVM compatibility can quickly attract developers to migrate, and betting that zero-knowledge proof privacy solutions can impress institutional clients. All sound good, but whether these expectations are reliable depends on the application layer.

Speaking of EVM compatibility, many people's first reaction is: another Ethereum clone chain, what new tricks can it have? Actually, this idea isn't unfounded—EVM-compatible chains have long been flooding the market, including BSC, Polygon, Avalanche, Fantom, Arbitrum, Optimism… the list is long. Each chain claims to be fast, cheap, and secure, but only a few have achieved significant scale.

So, what sets Dusk apart? Privacy protection. Ethereum and most EVM chains are transparent ledgers, with all transaction records permanently on-chain. Dusk's cleverness lies in—developers can directly port Solidity code over without changing a single word of the contract logic, but transaction details can be selectively hidden. This combination is its core competitive advantage.