In January 2026, the RWA track ushered in a dense window of policy dividends. With MiCA being fully implemented across Europe and the pilot of the digital euro by central banks accelerating, these macroeconomic developments have also pushed the privacy coin sector into a critical rotation phase. Among them, DUSK performed particularly well—yesterday's price surged strongly, with a 24-hour increase of over 40%, trading volume exploded significantly, and futures open interest hit a record high of $47.94M, ranking it among the top four privacy coins.

This rally is not without foundation. It is understood that a leading exchange launched a Creator incentive program on January 8, which has now entered the first payout phase. The entire program pool contains 3,059,210 DUSK tokens, distributed through ranking rewards and task completion routes, with each settlement cycle lasting 14 days. After the community creators received their initial token incentives, the discussion heat was immediately maximized.

Most importantly, this is not just price speculation but backed by real implementation. The DuskEVM mainnet officially went live in January, and the Hedger privacy engine is also undergoing Alpha public testing. This technical architecture is cleverly designed—ensuring transaction privacy internally while supporting regulatory audits externally, perfectly aligning with the compliance requirements of MiCA and MiFID II.

What further demonstrates the progress is on the business side. Dusk has deeply integrated with EU-licensed MTFs and a leading platform regulated by AFM, and has so far brought over €200M (potentially over €300M) of real SME equity, bonds, and fund assets onto the chain. These are not virtual assets; behind them are real entities with factories, employees, and cash flow. The issuance, trading, and settlement of these assets will directly consume DUSK tokens as fuel, indicating that genuine on-chain demand is taking shape.