Staying in this ecosystem for a long time, it's easy to fall into a thinking trap—feeling that the blockchain revolution has already been unstoppable, with concepts like RWA flooding in from all directions, and everyone shouting that trillions of dollars in institutional money are about to enter.

But if you really step out of the small circle and face reality, what do you see? The financial giants managing global pensions and sovereign funds—they are actually still on the sidelines. At most, they’re issuing an NFT to test the waters or running an internal testnet for fun, with no real shift happening.

The reason behind this is straightforward: they’re not unable to understand blockchain efficiency, but they’ve encountered a fundamental **system compatibility issue**.

The traditional financial system, which has been operating for hundreds of years, and the current blockchain system are fundamentally opposed at the most basic operational logic. TradFi relies on "identity verification" and "centralized risk control," while DeFi depends on "permissionless code" and "absolute transparency." Forcing these two systems together is like connecting direct current and alternating current—either a short circuit or a burn-out.

This is also why projects like Dusk Network are so noteworthy. They are not trying to create an Ethereum replacement; instead, they are building a more foundational, more challenging layer—one that, once successful, will be very hard to replicate: developing a technical architecture that allows these two operating systems to understand each other and connect seamlessly. That’s the true way to break the deadlock.