In the privacy public chain race, Dusk Network has been on the road for six years. Over a year since its mainnet launch, the project is addressing an old problem in an interesting way: how to protect privacy while complying with regulatory requirements.

The core innovation lies in the "selective transparency" mechanism. Using zero-knowledge proof(ZKP) technology, transaction data is encrypted and stored on-chain, but regulatory authorities hold the keys and can view the real data at any time. This solution protects user privacy while providing transparency to compliance departments, making it difficult for European regulatory frameworks like MiCA to scrutinize.

Progress at the ecosystem level is worth noting. The licensed exchange NPEX has gone live in Europe, integrating €200 million worth of tokenized assets; cross-chain interoperability is achieved through Chainlink CCIP, and Data Streams provides real-time market data. The phased rollout plan for 2026 is already underway, and the secondary market for compliant securities is gradually taking shape.

Looking at the $DUSK token itself, over 36% of the tokens are locked on-chain. The staking mechanism supports gas fee payments and network security, while governance functions are in the hands of the community. This design ensures network security while avoiding excessive inflation.

Dusk’s approach is low-key but steadfast — it doesn’t chase high-yield concepts but focuses on balancing privacy and compliance. In the current environment of tightening regulations, this approach may instead become a long-term moat.