In recent years, regulation has become stricter, and the tracking of on-chain addresses is no longer news. A while ago, the U.S. Treasury sanctioned Tornado Cash, which left the entire privacy track in shock. Many people think privacy coins are doomed, but I believe this is an opportunity for reshuffling—the purely anonymous projects will find it increasingly difficult to survive, while compliant privacy solutions may have a chance. DUSK is one of the few that I see going in the right direction. From the very beginning, it didn't intend to confront regulation head-on but instead left a backdoor: users can voluntarily generate viewing keys to show transaction details to third parties. This is particularly appealing in the European regulatory environment, where there are high demands for data protection (GDPR), but there is also a need to prevent money laundering. In terms of use cases, besides ordinary DeFi, I think DUSK is most promising for enterprise-level applications. For example, supply chain finance: companies collaborating do not want their competitors to know the order amounts and delivery details, but banks need to see them during audits. The same goes for medical data sharing; hospitals need to collaborate on research, patient privacy cannot leak, but they must cooperate during regulatory inspections. DUSK's privacy contracts just happen to meet this demand for 'partial transparency.' The ecosystem is indeed still weak, with a pitifully low TVL and not many decent DApps. But with the foundational chain stabilized and development tools in place, it's just one step away. The team has been hiring recently, and the budget seems quite sufficient. I guess there will be some cooperative news starting next year, and once institutions truly bring their assets over, liquidity will no longer be an issue. In terms of price, the current market cap is really too low. Projects that were born after it are valued in the hundreds of millions to billions, while DUSK is still standing still. But I actually think this is a good thing; the bad news has mostly been exhausted, and what's left are potential positives. Personally, I have locked part of my funds into DUSK, preparing to hold for three to five years. The issue of privacy will not be suppressed forever; one day it will explode. By then, those who came in early will probably wake up laughing.@Dusk #Dusk $DUSK