$DUSK
As of January 2026, Dusk (DUSK) has successfully transitioned from a development-heavy privacy project into a live, institutional-grade Layer-1 blockchain for Real-World Assets (RWAs).
The "Elevator Pitch"
Mainnet Status: The network is live and fully operational, featuring the DuskEVM which allows developers to build private, Solidity-based apps.
The Big Catalyst: Dusk is currently onboarding over €300M in securities through its partnership with the regulated Dutch exchange NPEX, shifting the token from "speculative asset" to "operating cost" for financial institutions.
Compliance Advantage: It is purpose-built for MiCA (Markets in Crypto-Assets) regulations, using Zero-Knowledge (ZK) proofs to allow private transactions that are still auditable by regulators.
Key Metrics & Tokenomics
Current Price: Approximately $0.06 (Market Cap ~$30M).
Utility: DUSK is used for gas fees, governance, and Hyperstaking (providing a reported ~30% APR for securing the network).
Circulation: 500 million tokens (full supply in circulation).
Risks to Watch
Adoption Friction: Moving high-value assets (like the NPEX migration) is legally complex; any technical or regulatory delays could trigger volatility.
Competition: It faces stiff competition from other RWA giants like Ondo and Polymesh, though Dusk holds a unique niche in privacy-first compliance.