The dual transformation of the privacy track and the RWA market is reshaping the competitive landscape of the crypto ecosystem. Traditional privacy coins face global policy pressures due to their absolute anonymity features, while DUSK adopts a collaborative privacy solution that takes a different approach—finding a balance between privacy protection and regulatory compliance through a selective transparency mechanism. This design philosophy is becoming a favored direction among institutional investors.

Data speaks volumes. The global RWA market has surpassed $80 billion, and DUSK has already onboarded assets worth over €200 million. The underlying technology support is also robust: protocols like PLONK and recursive ZKP build an insurmountable technical barrier, creating a win-win situation among B-end institutions, C-end users, and the developer ecosystem.

From the token perspective, the ecological value cycle has taken shape. Staking mechanisms, fee distribution, governance rights, and other scenarios continue to capture value for the tokens. Interestingly, the current valuation shows a clear mismatch compared to the market opportunity of $80 billion, and institutional funds are accelerating their deployment. This round of value revaluation has come somewhat unexpectedly.