Been sitting with Project Dusk’s privacy pitch for a few days now and one thing kind of stuck with me. @Dusk the whole selling point is “selective disclosure,” shielded by default, provable when it needs to be. sounds clean on paper. but I pulled up Etherscan and BscScan yesterday (Aug 13) just to compare the wrapped supply across chains, and it kind of complicates the story a bit.
ERC-20 DUSK: ~19,763 holders, roughly $30.5M onchain market cap. BEP-20 DUSK: ~17,323 holders, about $12.3M. same price on both, $0.0611. nothing wild there on its own except every single balance and transfer on both of those is fully public. standard token contracts, no shielding, no Phoenix, no Hedger, nothing. anyone can sit and watch any wallet move.
so the actual selective-disclosure tech the Phoenix/Moonlight split, Hedger on DuskEVM that only really lives on the native mainnet. most of the liquid supply people are actually trading day to day is sitting on fully transparent bridged rails instead.
not saying that’s bad or intentional, honestly probably just normal early-bridge behavior. but it’s a strange gap between the privacy narrative and where the money is actually moving right now.
does that close once DuskEVM adoption grows, or does bridged supply just stay this way indefinitely? genuinely unsure
$DUSK #dusk
ERC-20 DUSK: ~19,763 holders, roughly $30.5M onchain market cap. BEP-20 DUSK: ~17,323 holders, about $12.3M. same price on both, $0.0611. nothing wild there on its own except every single balance and transfer on both of those is fully public. standard token contracts, no shielding, no Phoenix, no Hedger, nothing. anyone can sit and watch any wallet move.
so the actual selective-disclosure tech the Phoenix/Moonlight split, Hedger on DuskEVM that only really lives on the native mainnet. most of the liquid supply people are actually trading day to day is sitting on fully transparent bridged rails instead.
not saying that’s bad or intentional, honestly probably just normal early-bridge behavior. but it’s a strange gap between the privacy narrative and where the money is actually moving right now.
does that close once DuskEVM adoption grows, or does bridged supply just stay this way indefinitely? genuinely unsure
$DUSK #dusk