The explosive growth of the RWA track in 2026 has made Dusk Network the most controversial focus. On one side are impressive achievements—200% weekly token gains, a €300 million securitized tokenization project landing, and rapid expansion of the DuskEVM ecosystem; on the other side are persistent doubts: obvious liquidity gaps, narrow application scenarios, and the need for more time to verify technical stability. In a $20 billion market surrounded by leading players like Ondo Finance, Rayls Labs, and Centrifuge, is Dusk truly a dark horse capable of continuous breakthrough, or just a hype wave riding the current trend?

Ultimately, Dusk’s success or failure still depends on two core issues: whether its positioning is clear, and whether its technology can be implemented.

First, let’s look at positioning. Dusk has chosen the intersection of "Privacy + Compliance + RWA," which is actually a very precise choice. Why? Currently, the two main topics in Web3 are privacy protection and regulatory compliance, and RWA is the biggest trend connecting traditional finance with the on-chain world—Dusk happens to be at the convergence of these three lines. What does this mean? It addresses the most critical concerns of institutional funds—protection of business secrets, regulatory friendliness, and the trillions of dollars of on-chain migration potential for traditional financial assets. In comparison, Ondo Finance focuses more on cross-chain expansion for retail users, while Rayls Labs emphasizes infrastructure building—each has its own approach, but Dusk’s positioning indeed opens up a relatively niche competitive space.

Regarding technological innovation, the explosive growth of DuskEVM indicates market recognition of this solution. The parallel development of privacy and compliance frameworks over the past year also shows sincerity. But the reality is clear: the ecosystem is still too immature, scenarios are still too limited, and stability needs more time to be validated before large-scale application.

So, Dusk’s current position is: opportunities are in front of us, but risks are equally evident. Insufficient liquidity, the need to verify technical reliability, and high market education costs—these are the hurdles ahead. Whether it can overcome them depends on whether upcoming product iterations and ecosystem development can keep pace with the hype.