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Dusk Network is basically a Layer-1 blockchain that’s trying to solve a problem most crypto chains either ignore or accidentally make worse: how do you bring real, regulated finance on-chain without turning everything into a public leak, and without making compliance impossible. Most blockchains are like glass anyone can see who sent what, who holds what, and when money moves. That’s fine for open internet money, but it’s a nightmare for institutions, funds, stablecoin issuers, and any serious financial player, because public activity can expose strategies, treasury movements, counterparties, and risk positions. At the same time, regulated markets can’t run on “trust me bro” privacy either they need rules, reporting, auditability, and selective transparency. Dusk is built around that middle path: keep sensitive financial data private by default where it should be private, but still allow the right kind of disclosure and verification when regulation demands it.
At its core, Dusk is designed as financial infrastructure, not as a “do everything” consumer chain. The architecture is modular, which is a fancy way of saying Dusk separates the stable, reliable settlement layer from the environments where apps execute. You can think of it like a building: the foundation is where final truth is recorded consensus, finality, and settlement while the rooms upstairs are execution layers that can evolve over time without constantly risking the stability of the foundation. This approach is attractive for institutions because they care about predictable settlement and long-term reliability, while developers care about flexible execution and familiar tooling. Dusk leans into both by keeping the base layer focused on settlement and supporting different execution paths, including an EVM route that makes it easier for Ethereum-style developers to build with familiar patterns.
One of the most “Dusk” ideas is that it doesn’t force the whole network into one visibility mode. Instead, it supports two different transaction styles that can coexist on the same chain, depending on what a use case actually needs. The first is a more traditional, public, account-based model that feels closer to what people know from Ethereum-like systems—good for transparent flows, integrations, reporting, and situations where openness is actually a feature. The second is a shielded, privacy-preserving model designed for confidential transfers, where balances and transaction details aren’t broadcast to the entire world. In human terms, Dusk is trying to let finance behave like finance: some information must be public, but a lot of it must stay confidential, and you shouldn’t have to choose between “everything exposed” and “everything hidden forever.” The point is controlled confidentiality privacy that’s compatible with real compliance expectations.
Under the hood, Dusk is deeply shaped by cryptography that allows “proof without exposure.” The simplest way to understand this is: instead of showing your entire bank statement to prove you meet a requirement, you can prove you qualify without revealing every detail of your financial life. That mindset is central to how Dusk approaches regulated assets, compliant DeFi, and institutional-grade settlement. Alongside the privacy direction, Dusk also cares about the boring-but-critical stuff that real markets demand: efficiency, predictable networking, and consensus that aims for clear final outcomes rather than fuzzy probabilistic settlement. The chain’s consensus design relies on proof-of-stake economics and rotating responsibilities across participants, with the goal of making settlement fast, structured, and dependable more like infrastructure than a chaotic public square.
The DUSK token exists primarily to make this whole system function economically and securely. It’s used for staking to secure the network, earning rewards for participation, paying network fees, and supporting the deployment and operation of applications on top of the chain. In other words, DUSK is the fuel and collateral that keeps the settlement layer honest, incentivizes infrastructure, and enables real usage. The tokenomics model is meant to support long-term network security through emissions and rewards while the ecosystem grows into its intended niche. This is not a “token for vibes” design it’s a token built to power a chain that wants to be trusted financial plumbing.
Where Dusk becomes most compelling is in real-world use cases that genuinely need both privacy and rules. Tokenized securities and regulated RWAs are the obvious match: if you’re issuing assets that are legally regulated, you may need investor eligibility checks, transfer restrictions, jurisdiction rules, and reporting capabilities, but you also don’t want every holder’s balance and movement exposed publicly. Another natural fit is stablecoin and treasury management, where issuers may want confidentiality around reserve operations and allocations while still being able to provide credible proofs and audits to authorized parties. In general, anything that looks like institutional settlement where finality and confidentiality matter as much as composability fits Dusk’s design logic. That’s also why the kinds of partnerships Dusk tends to prioritize look different from typical hype chains; the valuable partners here are the “boring” ones: regulated venues, custody and settlement infrastructure, compliance-aware issuers, and oracle providers that support financial applications.
Dusk’s roadmap direction makes sense if you look at it as a long game rather than a quick narrative pump. The goal is to keep hardening the settlement layer, expand execution environments so developers can build more easily, improve interoperability so assets and liquidity can move in and out, and keep pushing toward real institutional adoption where the chain’s privacy-plus-compliance design actually gets tested in production. The growth potential is tied to whether the tokenization wave becomes real in practice, not just in headlines. If regulated assets and compliant on-chain settlement truly scale, then networks that can combine privacy, rule enforcement, audit-friendly verification, and dependable settlement will have an advantage and Dusk is deliberately built around that combination.
At the same time, it’s worth being honest about the risks. Institutional adoption is slow, not because tech is bad, but because finance moves through regulation, legal review, reputation risk, and long procurement cycles. The market Dusk is targeting is demanding and unforgiving, and a project like this has to execute across cryptography, networking, consensus, developer experience, and real partnerships meaning complexity is always a real challenge. Competition is also intensifying, because “RWA” has become a popular label, and many chains will claim they can support regulated assets whether or not compliance and privacy are truly native to their design. Dusk’s strongest chance to stand out long-term will come from real deployments and real institutional usage that prove its core promise: privacy where it’s needed, transparency where it’s required, and a chain that behaves like infrastructure rather than hype.

#Dusk @Dusk $DUSK

Walrus is one of those projects that makes you pause because it’s solving a problem most people ignore until it breaks everything: storage. Crypto loves to talk about decentralization, ownership, and censorship resistance, but a huge amount of “Web3 content” still lives on normal cloud servers. Your NFT image, your dApp’s front-end, your game assets, your dataset, your community archive half the time it’s sitting somewhere centralized, which means it can get deleted, blocked, changed, or simply disappear when a company shuts down or changes policy. Walrus steps into that gap by offering a decentralized way to store large fileswhat it calls blobs so data can live across a network instead of depending on one provider. The really important part is that Walrus doesn’t treat storage like a messy afterthought; it tries to make stored data feel like something you can verify and program around. Walrus runs as a storage layer while Sui acts like the onchain “control layer,” which means your data isn’t just uploaded and forgotten it can be represented, tracked, and managed through onchain objects and proofs in a way that apps can build on cleanly.
What makes Walrus feel different from generic decentralized storage pitches is the way it focuses on efficiency and verifiability at the same time. Instead of copying the full file to tons of places, it uses erasure coding basically a smart method of breaking a file into encoded pieces so the original can still be reconstructed later even if some nodes go offline. Walrus builds on this idea with its own design (often discussed as RedStuff), which is meant to keep data recoverable under real-world conditions without making storage insanely expensive. That matters because decentralized storage has always had a reputation problem: either it’s too costly, too slow, too unreliable, or too awkward for mainstream builders. Walrus is trying to hit a more practical middle ground strong enough to be infrastructure, efficient enough to scale, and structured enough to give builders something they can trust.
Now let’s talk about the “human” reason this matters, especially right now. We’re entering an era where data is becoming the most valuable asset on the internet, mostly because of AI. Training datasets, evaluation datasets, model outputs, media archives, and proof that data existed at a certain time are all starting to matter in ways most people didn’t care about a few years ago. In that world, it’s not enough to say “my files are somewhere.” People will want receipts: who owns this dataset, when was it published, was it altered, who had access, was it licensed properly, and can I prove that a file is the same file and hasn’t been quietly swapped. Walrus is built around the idea that storage should come with proof, and that data should be something you can treat like an onchain resource own it, reference it, verify it, renew it, monetize it, and build rules around it.
The WAL token exists to keep that whole machine running in an economically sustainable way. Storage networks aren’t just code; they’re incentives. Operators need a reason to behave honestly and maintain reliability over time, and users need predictability so they feel safe storing important content. WAL is designed to be used for paying storage fees and participating in network security through staking-style incentives. In a healthy setup, users pay to store data, storage operators earn by doing the work properly, and staking helps align long-term behavior around performance. Governance also matters because storage networks require real parameter tuning pricing dynamics, penalties, upgrades, performance thresholds, and decisions that keep the system stable as it grows. Walrus also emphasizes penalty mechanisms and deflationary design ideas that aim to discourage behavior that could destabilize the network, like short-term gaming or supporting low-performance operators, because storage needs consistency more than hype.
Where Walrus becomes genuinely exciting is what it enables people to build. Once you have decentralized blob storage with verifiable commitments and a programmable control plane, you can do much more than “upload and download.” You can host decentralized websites and front-ends that don’t disappear. You can store media libraries and build creator platforms where access is gated by subscriptions or token ownership. You can support gaming worlds where assets live in a more permanent, resilient place. You can build AI-focused systems where datasets are stored with provenance and access control, potentially turning data into something that can be traded or licensed with clearer rules. And importantly, it offers builders a way to stop relying on a fragile mix of centralized storage plus “trust me” links, which is one of the quiet reasons many Web3 apps feel less decentralized than they advertise.
The ecosystem side is always the real test, because storage is only valuable when builders actually ship with it. Walrus benefits from being closely tied to Sui, which already has an active developer base and a fast-growing environment. It also helps that Walrus positions itself as foundational infrastructure rather than a one-off app, because the best storage layers become invisible—powering websites, apps, and data flows without users needing to think about the protocol behind them. Strong signals to watch are developer tooling, easy SDK integration, fast retrieval experiences, and real products that feel consumer-friendly, because the next wave of adoption won’t come from people who enjoy reading whitepapers it will come from people who just want something that works and keeps working.
At the same time, it’s worth being honest about the risks and challenges, because decentralized storage is not a free win. This space is competitive, and it’s hard to beat centralized cloud on convenience. If uploading is annoying, if retrieval is slow, if pricing feels unpredictable, or if integration takes too much effort, teams will default back to AWS even if they love decentralization in theory. Token incentives also need to be designed carefully: storage operators have to be rewarded enough to stay reliable long term, and the network needs guardrails to prevent short-term “farm and dump” dynamics that can hollow out reliability. There’s also the privacy nuance decentralized storage doesn’t automatically mean private, it means distributed, so real confidentiality requires encryption and access control done correctly at the application layer. Walrus seems aware of that direction, but the quality of implementation and the quality of developer experience will decide how broadly it’s used for sensitive or enterprise-grade data.
If you zoom out, Walrus is really betting on a simple idea: in the future, the internet will treat data like a first-class asset, not just an offchain blob sitting on someone’s server. And if that future is true especially with AI pushing demand for provenance, auditability, and data ownership then the storage layer becomes as important as the blockchain layer. Walrus is trying to be that storage layer for Sui and beyond: efficient, decentralized, verifiable, and programmable, so builders can ship products that don’t break the moment a server link dies.

#Walrus @Walrus 🦭/acc $WAL

Plasma feels like it was made for the people who actually use stablecoins in real life, not just for the people who like talking about blockchains. Because if you strip crypto down to what’s truly useful, stablecoins especially USDT are right at the top: people use them to send money across borders, pay freelancers, protect savings from currency instability, move business funds, and settle trades without waiting on banks. The problem is that even though stablecoins are practical, the experience around them still isn’t “normal.” You can have USDT sitting in your wallet and still get stuck because you don’t have the right gas token, or you don’t know which network to choose, or fees randomly spike, or the whole process feels like a mini technical project just to send digital dollars. Plasma is trying to fix that by building a Layer 1 blockchain where stablecoins aren’t treated like a feature that happens to work—they’re treated like the main purpose of the network. In simple words, Plasma wants stablecoin transfers to feel like money should feel: easy, fast, predictable, and low-friction. Under the hood, Plasma combines two key ideas: first, it aims for payment-style performance using its own BFT consensus approach (PlasmaBFT), designed to give fast finality so transactions don’t feel like “send and wait,” but more like “send and it’s basically done,” which matters a lot if the goal is settlement at scale; second, it stays fully EVM compatible using a Rust-based Ethereum execution approach (Reth), which means developers don’t need to relearn everything from scratch and Ethereum-style apps can be built or migrated without fighting a new environment. But what really gives Plasma its identity is the stablecoin-first layer it’s trying to introduce: gasless USDT transfers and the ability to pay transaction fees using stablecoins instead of forcing everyone to buy and hold a separate “fuel token” just to move dollars. That sounds like a small UX tweak, but it’s actually one of the biggest barriers for normal users—because outside crypto, nobody expects to buy a second currency just to pay the fee to move the first currency. Plasma’s direction is to hide that complexity so stablecoins behave like a real payment rail. On top of that, Plasma has explored optional confidentiality for payments, not in the “hide everything forever” sense, but in a more practical way that could make sense for businesses and institutions that want privacy for sensitive transfers while still needing compliance and selective disclosure when required. Like most Layer 1 networks, Plasma also has a native token (XPL), but the honest way to look at it is that it’s mainly an infrastructure token used for securing the network through staking, coordinating validator incentives, and potentially governance over time; Plasma’s philosophy seems to be that everyday users shouldn’t have to think about XPL at all if what they’re doing is simply sending and receiving stablecoins, because the user-facing “money” on Plasma is meant to be stablecoins. Where this becomes interesting is in the ecosystem and adoption strategy, because payment networks don’t win just by being technically better they win by being integrated where money already moves, meaning wallets, exchanges, on/off ramps, payment providers, merchant tools, and DeFi rails that make stablecoin balances useful beyond just holding them. If Plasma can combine smooth stablecoin transfers with real liquidity and real integrations, then stablecoins on Plasma stop being “tokens you can move” and start becoming “money you can use,” which opens up very real use cases like remittances that don’t get eaten by fees, instant payouts for remote workers, merchants settling stablecoin revenue quickly, micropayments that would normally be too expensive, and businesses moving treasury funds in a way that feels efficient and professional. The growth potential here isn’t about hype cycles it’s about habit: if Plasma becomes one of the easiest places to move USDT and settle stablecoin flows, especially in regions where stablecoins are already daily tools, then usage can compound quietly over time because people stick with whatever route feels simplest and most reliable. At the same time, Plasma still faces serious challenges that come with the territory: gasless transfers need strong anti-spam controls and sustainable economics, competition is fierce because stablecoins already flow heavily on existing networks, bridging (especially anything touching Bitcoin or cross-chain settlement) is historically one of the most attacked surfaces in crypto, decentralization has to be earned over time rather than claimed on day one, and stablecoins sit directly under regulatory pressure, meaning partnerships and distribution must be handled carefully. The most human way to summarize Plasma is this: it’s betting that the next wave of crypto adoption looks less like people “using blockchains” and more like people “using digital dollars,” and it wants to be the chain where those dollars move so smoothly that users forget the chain is even there.

#PLasma @Plasma $XPL

Walrus (e il suo token WAL) è più facile da capire come la parte dell'ecosistema Sui che gestisce le “cose pesanti” che le blockchain non sono costruite per memorizzare. Le blockchain sono ottime per mantenere piccoli e importanti fatti come saldi, proprietà, permessi e logica delle app, ma faticano nel momento in cui introduci dati del mondo reale come video, immagini, siti web, beni di gioco, set di dati AI e grandi documenti. Ecco perché molte app Web3 dipendono silenziosamente da servizi cloud centralizzati per il loro contenuto reale, il che crea un punto debole nascosto: se un server va giù, cambia politica o viene messo sotto pressione, l'app “decentralizzata” può rompersi. Walrus è progettato per colmare questa lacuna offrendo uno storage blob decentralizzato, il che significa che memorizza file di grandi dimensioni (“blob”) attraverso una rete di operatori di archiviazione indipendenti invece dei server di un'unica azienda, e mira a rendere quel storage affidabile e verificabile in modo che gli sviluppatori possano effettivamente costruire attorno ad esso. In pratica, quando qualcuno memorizza un file su Walrus, il sistema non copia semplicemente l'intero file in molti posti; lo suddivide in pezzi, aggiunge pezzi di recupero extra utilizzando la codifica di cancellazione (pensalo come creare un puzzle con pezzi di backup in modo da poter comunque ricostruire l'immagine completa anche se alcuni pezzi mancano) e distribuisce quei pezzi attraverso la rete. Il motivo per cui questo è importante è l'affidabilità e il costo: la codifica di cancellazione è una forma più intelligente di ridondanza rispetto a semplicemente memorizzare duplicati completi ovunque, quindi la rete può tollerare i guasti dei nodi rimanendo più economica. Walrus cerca anche di creare una “prova di disponibilità” su Sui, fondamentalmente una ricevuta on-chain verificabile che un numero sufficiente di nodi di archiviazione ha accettato i dati e si è impegnato a mantenerli disponibili per il periodo di archiviazione per cui l'utente ha pagato, quindi non è solo “ecco un link, fidati di me,” ma più vicino a “ecco uno storage con ricevute,” il che è una differenza enorme quando stai costruendo applicazioni serie.

La Dusk Network sta fondamentalmente cercando di risolvere un problema che la maggior parte delle blockchain ignora: la finanza reale ha bisogno di privacy, ma la finanza regolamentata ha anche bisogno di auditabilità. Le catene pubbliche sono ottime per la trasparenza, ma sono scomode per attività finanziarie serie perché espongono saldi, scambi e controparti in un modo che può invitare al front-running, alla copia delle strategie e persino ai rischi di sicurezza. D'altra parte, i sistemi di pura privacy possono rendere nervosi i regolatori e le istituzioni perché hanno comunque bisogno di registri dimostrabili, report e controlli. Dusk, fondata nel 2018, è un Layer 1 progettato specificamente per questo incrocio tra infrastrutture finanziarie regolamentate e focalizzate sulla privacy, in modo da poter costruire DeFi compliant, asset reali tokenizzati (RWA) e mercati di livello istituzionale senza trasformare tutto in un foglio di calcolo pubblico. Il progetto ha raggiunto un traguardo importante con il lancio della sua mainnet a gennaio 2025.

Plasma è una blockchain di Layer 1 costruita attorno a un'idea semplice: le stablecoin sono già la parte più pratica della crittovaluta, quindi la catena dovrebbe trattarle come il prodotto principale, non come un pensiero secondario. Invece di cercare di essere una rete “tutto-fare”, Plasma è progettata per il regolamento delle stablecoin, spostando rapidamente, in modo prevedibile e con il tipo di esperienza utente che le persone si aspettano dalle moderne app di pagamento, beni in valore di dollari. Mira a combinare la piena compatibilità con Ethereum (in modo che gli sviluppatori possano implementare normali contratti smart EVM) con una finalità molto veloce attraverso il suo consenso in stile BFT (PlasmaBFT), che è particolarmente importante per i pagamenti dove “probabilmente confermato” non è abbastanza buono e si desidera un regolamento chiaro. La parte che rende Plasma unica è come incorpora comportamenti favorevoli alle stablecoin direttamente nella catena: è progettata per supportare trasferimenti USDT senza gas, in modo che qualcuno possa inviare USDT anche se detiene solo USDT, e supporta anche un modello di gas prima delle stablecoin in cui gli utenti possono pagare le commissioni di rete in stablecoin anziché essere costretti ad acquistare e gestire un token di gas volatile separato. Queste caratteristiche possono sembrare piccole sulla carta, ma nella vita reale rimuovono i maggiori punti di attrito che impediscono alle stablecoin di sembrare denaro normale, specialmente per gli utenti al dettaglio in mercati con alta adozione di stablecoin e per le aziende che vogliono meccaniche di commissioni semplici e prevedibili.

Plasma è una blockchain Layer 1 costruita attorno a un'idea semplice: le stablecoin non sono più una funzionalità secondaria nel crypto, sono la cosa principale che le persone usano realmente. Che si tratti di risparmiare in dollari, inviare denaro oltre confine, pagare liberi professionisti o saldare fatture, le stablecoin (in particolare USDT) sono diventate silenziosamente la parte più pratica del settore "reale". Plasma guarda a questa realtà e dice: se le stablecoin si comportano già come denaro globale, allora abbiamo bisogno di una blockchain progettata fin dal primo giorno per muoverle rapidamente, senza intoppi e in modo affidabile — come una rete di pagamenti, non come una demo tecnologica.

Walrus sta fondamentalmente cercando di risolvere uno dei più grandi "problemi silenziosi" nel crypto: la maggior parte delle app blockchain si basa ancora su archiviazione centralizzata per il contenuto reale. Potresti possedere un NFT on-chain, o utilizzare un'app Web3 on-chain, ma l'immagine reale, il video, il set di dati, l'asset di gioco, il documento o il file utente è spesso ospitato su un normale server da qualche parte. Se quel server va giù, viene censurato, o la compagnia dietro di esso cambia qualcosa, la tua esperienza "decentralizzata" diventa all'improvviso fragile. Walrus si inserisce in quel vuoto come un protocollo di archiviazione decentralizzato progettato per gestire file di grandi dimensioni (blobs) in modo durevole, utilizzando la blockchain Sui come strato di coordinamento. In termini semplici, Sui agisce come il "cervello" che gestisce la proprietà, le regole e le prove, e Walrus agisce come il "disco rigido" che memorizza i dati pesanti in modo che le app non debbano dipendere dai fornitori di cloud tradizionali.

Dusk è una blockchain Layer 1 che è iniziata nel 2018 con una missione molto specifica: rendere la blockchain utilizzabile per la finanza reale, specialmente il tipo che ha regole, regolamenti, audit e istituzioni serie coinvolte. La maggior parte delle blockchain è completamente pubblica (cosa ottima per la trasparenza ma terribile per la riservatezza) o fortemente focalizzata sulla privacy in un modo che rende difficile la conformità. Dusk sta cercando di posizionarsi nel mezzo progettando funzionalità amichevoli per la privacy e la regolamentazione direttamente nel livello di base. In termini semplici, vuole essere la catena dove puoi costruire applicazioni finanziarie di livello istituzionale, DeFi conforme e asset del mondo reale tokenizzati senza esporre attività finanziarie sensibili all'intero internet, mantenendo comunque un'adeguata auditabilità e responsabilità per soddisfare gli ambienti regolamentati.