Dusk's 70% surge in this wave caused a buzz in the community, but those truly paying attention aren't focused on this single bullish candle; instead, they've recognized the underlying logic.

A careful analysis of capital flows reveals that this isn't just a hype-driven spike from a low-tier project. Rather, it's a market "value correction" for a long-underestimated direction. Previously, the core of RWA wasn't about issuing tokens but about compliance and privacy. Honestly, not many people are listening—everyone's chasing the happiness of MEME tokens, thinking those technical details are too hard.

The turning point has arrived. With the European MiCA regulation approaching implementation, smart institutional investors are starting to feel anxious. They've scoured the entire public chain ecosystem, looking for infrastructure that can meet two conditions simultaneously: support compliant securities operations and protect transaction privacy using zero-knowledge proofs. The result? After searching through most of the space, Dusk stands out as the only one.

This is the real issue. The market isn't really buying a coin; they're buying a ticket to enter the European compliant financial market. In the future, if large-scale assets like government bonds, real estate, or even private equity are moved onto the chain, will they be placed on fully transparent public chains? Impossible. Any savvy institution won't gamble with client privacy.

Dusk's "core" has instead become the strongest moat—embedding the XSC compliance standards directly into the underlying code, even if it means slowing down development to perfect the Piecrust virtual machine. Previously, such stubbornness was seen as inflexibility, but now it has become the only differentiating advantage.

Ultimately, this 70% increase is the market's way of paying for its past neglect of "compliant infrastructure." For the wave of RWA, we might just be at the starting line.