The crypto market now feels like a giant open-air casino. People passionately battle for a few seconds of price swings on Solana for Meme coins, while on Ethereum, they meticulously calculate every Gas fee. It seems like this is all Web3 is — decentralization, transparency, and the wild west.

But look at the bigger picture—those controlling global wealth, the "old money." BlackRock, JPMorgan Chase, major European exchanges—they are surprisingly quiet.

This isn’t because they don’t understand. On the contrary — they are very eager for the 24/7 liquidity in DeFi. The real issue is that the current public chain architecture fundamentally contradicts business logic.

Imagine top hedge funds wanting to build positions on-chain. Would they dare use Ethereum? Every move would be thoroughly investigated by on-chain detectives, and strategies could be sniped by MEV bots instantly. In the business world, transparency has never been a virtue; it’s often a fatal flaw.

That’s why projects aiming to change the status quo are emerging. They’re not here to play games with retail investors but to pave an "underground tunnel" for institutions.

Many people simply categorize projects like Dusk as "privacy coins," but that’s a misinterpretation. If you compare it with XMR, you’re completely missing the point. What it aims to solve is not just privacy but the reconstruction of the entire business trust system on-chain.