Today, Zama has also been amusing with nearly 200 million Dutch shots. They don't even protect the market, and still talk about the so-called 1B+ financing. To put it bluntly, the current financing is just for show. Even if there are projects, they are just taking the money and having fun! What projects are they even building?
Also backstabbing the community, thankfully I ran out today with over 230 bucks. Can't grasp the situation at all. The hotter the project, the higher the expectations, usually the fastest to fail...
All for privacy chains. By the way, I have always viewed Dusk as a primarily L1 privacy blockchain focused on building on-chain finance. At least they had a pump when distributing rewards, making those who received rewards happy. Compared to Zama, which mainly develops FHE technology, I prefer Dusk a bit more.
From the perspective of the market capitalization of dusk, the RWA track is currently still in the early stages overall. Taking infrastructure-based projects as an example, public chains with clear financial positioning generally have a market capitalization higher than that of single application protocols. Focusing on securities-grade RWA and compliant privacy, this positioning also allows privacy coins to be subject to formal regulation, giving users confidence in trading.
$DUSK Currently, it is also a super big washout, with the daily K going up and down like a roller coaster. I hope a new market trend will emerge soon.
