Recently focusing on projects in the privacy track, the contender Dusk is quite interesting. Its core problem aims to solve is—how to securely put institutional assets on the chain, how ordinary people can access quality investment opportunities, while still retaining self-custody rights.

From a technical perspective, Dusk's privacy mechanism is very pragmatic. Transaction privacy is protected by default, and it can flexibly adapt to regulatory requirements when compliance verification is needed. This balance is still relatively rare in the RWA track. For institutional users, features like instant settlement and automatic compliance can significantly reduce operational costs; corporate financing efficiency can also be improved.

In terms of tokenomics, Dusk is not only a medium of circulation within the ecosystem but also supports staking for rewards and participation in network governance. This multi-functional design increases holder stickiness. Recently, its market performance has been quite good. In the big RWA hype cycle, projects in this niche track are worth continuous observation.