Recently, many people have been discussing the DUSK project, and it is indeed interesting.

On the surface, it is just another project issuing tokens for activities—this time pulling out a prize pool of 3.05 million tokens to attract participants. But a closer look reveals that the underlying logic is worth pondering.

The core lies in its "selective disclosure" zero-knowledge proof technology. Currently, most public blockchains are wavering between compliance and privacy, but DUSK has already applied this solution to real-world scenarios—collaborating with the Dutch Securities Exchange to handle bond on-chain issuance. What does this mean? When traditional finance's trillion-dollar asset class (RWA) urgently needs to find on-chain channels, and must meet regulatory requirements while protecting private data, DUSK's tech stack becomes a scarce solution.

Looking at data from several dimensions:

First is the staking ecosystem. Over 52% of tokens are currently locked in staking pools, with annual yields ranging from 14-17%. This locking ratio reflects long-term optimism among token holders, providing stability to the ecosystem.

Second is application deployment. Its RWA product, Dusk Trade, has already partnered with the Dutch NPEX exchange to handle securities tokenization worth hundreds of millions of euros. This is not just theoretical; it is backed by real exchange data.

Compared to other projects claiming to do RWA, most are still in the experimental stage. DUSK has already turned theory into practical applications accepted by exchanges, leading by quite a margin. Of course, risks always exist in Web3 projects, and no matter how good the technology is, ongoing progress must be closely monitored.