The price breakout is just the beginning; the real show is about to begin.

Dusk Network is currently at a critical turning point. No matter how beautiful the story was before, in the end, results speak louder — this is an iron law for any Web3 project. The market has already set its sights on 2026, looking to see whether this project can truly move from the planning stage to actual operation.

Specifically, there are three things the market is closely watching.

**The first is the delivery capability of infrastructure**. The core components on the mainnet — optimized decentralized exchanges and cross-chain bridging solutions — are scheduled to go live in the first quarter. This is not just a check on the feature list, but the foundation for the entire ecosystem to operate normally. Any hiccup in one link could dampen market confidence.

**The second is the real implementation of partnerships**. The collaboration with NPEX in the Netherlands has always been a key part of Dusk’s compliance story. The potential €300 million security tokenization project’s success depends not just on how the agreement is written, but on how much trading activity can actually be generated on-chain. Without real trading volume and assets truly on the chain, all the press releases are meaningless. Whether financial institutions will genuinely adopt this technology, rather than just experimenting with it, is the dividing line between concept and reality.

**The third is the vitality of the ecosystem**. No matter how advanced the technology or how impressive the partnerships, ultimately, it depends on whether the ecosystem can come alive. Is the trading depth sufficient? Can user stickiness support valuation logic? These indicators are worth paying attention to throughout the year. An ecosystem without active developers and a sparse user base, no matter how glamorous on paper, will ultimately struggle to sustain long-term market expectations.