2018 saw the debut of Dusk, a blockchain platform operating at layer 1. Following six years of intensive research and development, they have now launched their mainnet. This deployment marks a significant advancement in the field of real-world asset (RWA) tokenization, as it introduces groundbreaking features that broaden the protocol’s influence within the digital asset market.
As stated in the official communique, Dusk, previously known as Dusk Network until 2023, strives to eliminate obstacles in financial access and enable both individuals and organizations to manage their assets autonomously. The system primarily concentrates on the Real World Assets (RWA) sector, employing Zero-Knowledge Proofs (ZKPs), thereby emphasizing privacy in blockchain transactions.
Now, users can start securing the DUSK network by staking their tokens, which not only boosts the network’s security but also provides them with returns on their investments. Additionally, they have the opportunity to operate a node within the network, actively participating in its growth and development. Furthermore, the blockchain platform encourages developers to innovate and build new applications directly on this network.
With the launch of its main network, Hyperstaking is now active as well, providing functionality for custom logic using smart contracts that can support applications such as referral programs, confidential staking options, and even liquid staking. In addition to this feature, Dusk has planned several new initiatives for Q1 2025, including the beta version of its RWA tokenization platform Zedger, layer 2 solution Lightspeed, and a centralized exchange collaboration with NPEX.
As a researcher, I am excited to announce that in addition to Dusk, we will be launching DuskPay – a comprehensive, privacy-focused payments platform. This innovative solution will collaborate with stablecoin issuers, thereby offering our blockchain users a seamless, one-stop payment experience for activities spanning from gaming to financial transactions.
DUSK Holders Show Strong Faith Despite Market Volatility
As a researcher delving into the dynamic world of cryptocurrencies, I find myself drawn to the remarkable growth trajectory of the Real-World Asset (RWA) tokenization sector in 2024. This segment, though not leading the pack, is a close second, surpassed only by meme coins and artificial intelligence tokens in terms of performance. The RWA sector’s primary focus lies in bridging the gap between traditional assets such as real estate, commodities, and conventional securities with blockchain technology, through the process of tokenization.
At present, DUSK, which specializes in RWA tokenization, boasts a market capitalization of $112 million. Lately, market instability has led to a 9.27% drop over the past day and a 25.02% decrease within the last month. Nevertheless, despite these fluctuations, DUSK continues to make steady progress in its development roadmap as it approaches the launch of its mainnet.
Over the last twelve months, the value of DUSK increased by 43.11%, largely due to an increase in the number of its holders. Currently, it’s noteworthy that approximately 84.03% of the DUSK addresses have been holding onto the token for longer than a year.
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2025-01-07 23:42