2026-01-11 12:26:04

Cryptocurrency markets are always full of contrasts. Some overvalued projects collapse catastrophically, while truly valuable projects remain overlooked. Dusk is such an example — with a market cap of only $25 million to $88 million, it has already made a breakthrough in the institutional-grade on-chain finance sector.

Simply put, this is a severely underestimated opportunity window.

**Why Dusk is Different**

What is the most abundant in the crypto space? Privacy projects and compliance projects are everywhere. But how many truly combine these two core needs? Only a handful.

Dusk is doing exactly that — using Layer 1 blockchain + zero-knowledge proof technology to build a financial infrastructure that can protect institutional privacy while complying with global regulatory frameworks. To put it plainly: it doesn’t offend regulators and doesn’t leak privacy. This is especially popular in Europe, particularly after the formal rollout of the MiCA regulations, where industry insiders understand what this means.

**See how institutions are using it**

Don’t just listen to the concept — look at the trading volume. Dusk, in partnership with Cordial Systems, has been tested in the tokenization of over $20 billion in assets. This isn’t virtual currency talk — it’s real, verifiable on-chain financial activity.

Looking at the collaboration with NPEX stock exchange, €300 million of traditional financial assets have already been tokenized. These aren’t projects created in a basement by a startup — they are used by established financial institutions in Europe.

**What does the market cap contrast tell us?**

When a project has proven its usefulness in real-world scenarios but still has a market cap stuck at this level, it usually means either the market hasn’t caught up yet or information hasn’t fully circulated. Considering Dusk’s concrete progress in Europe, the former is more likely.

In simple terms, Dusk’s story isn’t “this technology might be useful,” but “this technology is already making money for institutions.” The market will eventually price in this reality.

DUSK14,16%

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GasFeeSobber

· 22h ago

Over 20 billion in assets tokenized and the market cap still isn't there? That's unscientific. --- European institutions are already using it, while we're still looking at the concept. The gap is quite big. --- Privacy plus compliance sounds simple, but very few have actually achieved it. --- 3 billion euros have been on the chain, why is no one hyping this news? Or is our information gap too big? --- Underestimated or forgotten, anyway, this either skyrockets or continues to bottom out. --- But to be fair, European institutions find it convenient to use, so retail investors shouldn't worry too much. --- I really don't understand zero-knowledge proof technology, but if their monthly active users are making money, it means there's something there. --- Another project that "institutions are already using." How did it turn out the last time someone said that?

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RooftopReserver

· 01-11 12:55

$20 billion in volume, only a few tens of millions in market cap, the price difference logic makes sense Really? European institutions are using it? Then why haven't retail investors heard of it yet Privacy combined with compliance is a rare skill, but the question is, will regulators really approve it Wait, 300 million euros have been on the chain? If that's true, I need to add some positions It looks good, but I'm still worried this might be another overhyped concept By the way, wasn't the NPEX partnership announced a long time ago? Why do I feel like I just noticed it now Can't take it anymore, another hidden good project, by the time I discover it, it's already been pumped This time it's not just talk, the data is right here

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ForkMonger

· 01-11 12:55

dusk's governance model is basically begging for a hostile takeover, ngl. institutional adoption means nothing if the protocol can't defend its own incentive structure.

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GasBankrupter

· 01-11 12:53

Wow, is that true? Are European financial institutions using it? Then why haven't I jumped on the bandwagon yet? Is it too late to buy now? --- Underrated? I think it's being seriously overlooked. Over 20 billion in assets tokenized and it’s only worth this market cap? That's ridiculous. --- Bro, stop bragging. If Dusk is so powerful, why is the token still at rock bottom? Do institutions really use this technology? --- Privacy combined with compliance is indeed something no one is doing, but I still need to see real returns to believe it. --- If 300 million euros are truly on-chain, the market response is way too slow. Or does the market simply not believe it? --- Wait, when did the collaboration with Cordial worth over 20 billion happen? I haven't heard about it. --- According to this logic, Dusk should be skyrocketing. Why is the market cap still so low? Is there some problem we don't know about? --- Talking about collaborations at the level of European financial institutions, it still feels like something's missing before I go all in. --- Alright, I believe half of your analysis, but I’ll wait and see how the market prices it.

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HodlKumamon

· 01-11 12:53

Wait a minute, the tokenization of 20 billion USD assets has already been completed, but the market cap is only 88 million? Comparing these figures directly is mind-blowing; I can't even calculate the Sharpe ratio for the bear market anymore. Real institutional users are already making money on the chain, while retail investors are still watching the story. Isn't this the biggest information gap? Financial institutions over in Europe won't be playing around. Once MiCA is out, they have to choose sides. The knowledgeable are already laying out their plans; what are we hesitating for? Honestly, I kind of regret not discovering this project earlier. The window of opportunity is fleeting; once the market reacts, there will be no cheap options left. Data doesn't lie. On-chain transactions of 300 million euros, collaborations with Cordial Systems—these are all verifiable, not just some projects bragging. This should be the bottom where dollar-cost averaging is most appropriate. Although I don't dare to go all-in, the gentle accumulation opportunity has truly arrived.

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TrustMeBro

· 01-11 12:40

Wait, the tokenization of 20 billion USD assets has been completed, and the market cap is only 88 million? How huge is this gap? Projects that have actually been implemented are being overlooked, this circle is just like that. Institutions over in Europe are using it, and the market response is just a bit slow, a late realization. Instead of guessing whether Dusk will rise, it's better to see how many similar undervalued things haven't been discovered yet. This time it's not just on paper; 300 million euros in real money has been on the chain, what does that mean? Privacy combined with compliance, this combo punch is truly unbeatable, other projects can't learn from it. Market cap will eventually catch up, it's just a matter of time.

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