Privacy coin tracks seem to have been divided between Monero and Zcash, but Dusk has played a differentiated card.

While others are making pure privacy coins, it has added smart contracts. What does this mean? Not only are user transactions hidden, but it can also run complex financial applications. Even more impressive, the selective disclosure technology allows privacy protection and regulatory audits to coexist—something many privacy chains cannot achieve.

On the technical level, ZK-VM smart contracts combined with a modular architecture directly surpass the functional boundaries of similar privacy coins. After the launch of DuskEVM, the development threshold has dropped significantly, and the imagination space for ecosystem expansion has suddenly widened.

Looking at valuation logic, $DUSK is currently priced at $0.0532, with a FDV of only $53.19 million. Compared to Monero’s $3 billion market cap, the gap is huge—calculate it yourself. What does this gap reflect? First, the market’s early valuation of this project; second, how scarce the "privacy + compliance + programmability" skill set is in the eyes of institutions.

Simply put, it’s not fighting a survival battle for traditional privacy coins but opening up a new track.