2026-01-21 18:21:26

The crypto market has recently seemed a bit dull, but coincidentally, one project has made a big splash at this time. In January, a privacy-focused L1 public chain in a certain sector surged by 128%, with 24-hour trading volume reaching $233 million. Such market conditions are indeed rare in the late stage of a bear market.

But this is not just hype without basis. There is solid technology supporting it—on January 15th, the DuskEVM mainnet officially launched. What does this mean? Simply put, it combines EVM compatibility with native privacy encryption, allowing developers to use the familiar Solidity toolchain to build financial applications that need to be compliant, transparent, and also protect customer privacy. Traditional financial institutions have been struggling with this issue: audits and transparency are necessary, but customer transaction data cannot be exposed arbitrarily. This chain just hits that pain point.

The price recently broke out of an 8-month-long downtrend, and technically, it has stabilized at a key level. $0.26 has become the new support point. Whether it can further surge to the $0.10-$0.12 range depends on whether the ecosystem applications can really take off. Currently, the market cap is $132 million, with a circulating supply of 500 million, so the market size is not large. Interestingly, institutional holdings are already around 45%, with signs of increasing to 70%.

This wave of market activity, to some extent, is the market pre-pricing future RWA (Real-World Asset Tokenization). I heard that NPEX is planning to tokenize €200 million worth of securities assets, with partners including leading oracle providers like Chainlink. The overall story framework is gradually coming together, and the key question is whether traditional financial traffic can truly be directed into this ecosystem.

L111,21%

RWA0,72%

LINK1,52%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
4
Repost
Share

Comment

0/400

TokenStorm

· 9h ago

Institutional holdings at 45% still aiming for 70%? Haha, now that's the kind of momentum I like. The eye of the storm is the safest place. --- Breaking through an 8-month downtrend channel on the technical side, but how long can the support at 0.26 hold? It's hard to say. Backtesting data shows a 34% failure rate for such breakouts. --- I've heard this RWA story framework too many times. The key still depends on how much real money traditional financial institutions can actually pour in. --- The market cap is only 132 million, with 500 million in circulation... Basically, it's a perfect target for FOMO. I won't go all-in, but I'm definitely watching closely. --- I started monitoring on-chain data the day DuskEVM launched. Large whale addresses are indeed accumulating. This time, avoiding liquidation probably depends on luck. --- Range of 0.10-0.12? Ha, I can also calculate the liquidation price you guys have figured out. The problem is, would someone who has already been liquidated once still dare to go all-in? --- Privacy track + EVM compatibility + institutional endorsement—this combo really hits the pain points, but I’d rate the risk factor a 7. --- A 128% surge at the end of a bear market? I looked back at history, and every time, about 70% of small investors got caught holding at high levels.

View OriginalReply0

WalletDetective

· 9h ago

Wait, does the $0.26 support level push down to $0.10-$0.12? These numbers don't add up, bro. Institutions hold 45% of the holdings and want to increase to 70%. Can this market really hold that? The story of privacy chains + RWA is not new; the key is whether the ecosystem has real users. It's just a pipe dream to bring traditional financial traffic in; without regulatory approval, it's all pointless. DuskEVM has launched, no doubt, but being technically impressive doesn't mean much; only projects that can succeed are truly rare.

View OriginalReply0

WhaleWatcher

· 9h ago

Institutions have already bought up to 45 and still want to increase their holdings to 70? That indicates they are really optimistic about this narrative. However, since the market cap is so small, there's also a risk of a dump once the traffic comes in, so we need to be cautious.

View OriginalReply0

SquidTeacher

· 10h ago

A 128% increase is indeed eye-catching, but with such a small market cap and institutional holdings approaching 70%, we need to think about who will take over next... The story of privacy + RWA is quite solid, but I'm just worried that even if the ecosystem is well-explained, no one will use it... Staying above 0.26 would be considered good. I'm tired of the EVM compatibility set; the only interesting part is the collaboration with Chainlink. Will serious financial institutions really come in, or is this just another round of retail harvesting? Where did the 128% increase come from? Why didn't I catch this train? Breaking the 8-month downtrend channel—how come I was so slow to realize this signal? With a market cap of only 132 million, is this ultimate gambling or genuine value discovery? Only heaven knows.

View OriginalReply0