DUSK's recent price surge is indeed a bit perplexing. I remember it trading at $0.049 in early January, and now it’s directly hitting $0.2—a fourfold increase just like that. After a certain exchange launched perpetual contracts on the 17th, the market was pushed even higher.

Not long after the mainnet launched, that official tweet hit over 4 million views and 2,000 likes. The community’s enthusiasm is obvious, and it feels like a breakout could happen at any moment.

I spent quite some time studying its RPOW consensus mechanism—a zero-knowledge proof layered with compliance shell, designed specifically for RWA scenarios as a privacy execution environment. When Chainlink announced integration, that November tweet covered 15 chains, and this project was prominently listed. Oracles directly connect to real-world assets, bridging on-chain tokenized bonds and similar instruments—that’s the real key. Unlike Monero’s pure privacy coin approach, DUSK takes a compliant route, and under the EU’s MiCA framework, it might actually operate comfortably.

But here’s a question mark—given the price increase, is there enough trading volume to support it? Several major exchanges list trading pairs like USDT, BTC, and USDC, and multiple platforms have gone live with it. However, traces of delisted trading pairs still remain, and liquidity appears fragmented. If TVL remains in the few millions of dollars range and FDV suddenly jumps to $500 million, that’s a warning sign. With circulating supply just over 200 million and total supply at 500 million, if the unlock cliff approaches, the selling pressure could be significant.

Looking into discussions around RWA, some projects are analyzing DUSK alongside NXRA and LMR, indicating this sector is quite hot. The question is—can it really break out from the RWA wave? Cross-chain bridge security, ZK-rollup privacy layers, and the necessary data exposure during execution all sound solid, but what about audit reports? Which firm conducted them? Not seeing that information makes me uneasy.

From a trading perspective: at the current price of $0.2, RSI is definitely overbought. A short-term correction to $0.18 is quite possible. It’s better to see if it can hold above $0.10 before assessing market performance. If the mainnet TVL truly breaks $100 million and RWA pilot projects are implemented, long positions could consider adding to their holdings—but don’t go all-in. Privacy tokens are under regulatory scrutiny, and that line can be crossed at any moment.

Ultimately, DUSK isn’t a gamble for quick profits; it should be viewed as an L1 privacy infrastructure. Keep an eye on on-chain block times and validator staking distribution. If the decentralization score exceeds 80, then it’s worth paying more attention.