Recently, the market activity of Dusk Network has attracted particular attention. A 91% bullish candle pushed the price back above 0.12, and various calls and signals have been emerging one after another.

As an investor who has experienced two complete cycles, I want to say—temporarily put aside that beautiful percentage number.

In the short term, this wave of market movement might allow for quick profits. But if you can understand the macro logic behind this explosion, what you might truly earn is the systemic return that unfolds with the entire RWA era.

Why is Dusk worth paying attention to? Frankly, it might be the most critical node in the process of this "trillion-dollar assets on-chain" wave.

**The True Face of RWA**

Everyone is talking about RWA (Real World Asset on-chain) now, but what is the essence of this matter?

On one hand, large liquidity flows in traditional finance are cooling down, and they are looking to find new investment outlets in the crypto world. On the other hand, pure token speculation can no longer play tricks; the crypto market needs tangible assets to enhance its attractiveness.

It sounds like a mutually beneficial marriage, but there is a chasm in the middle—compliance and privacy cannot be perfectly reconciled.

Traditional institutions (like Goldman Sachs, Morgan, etc.) would never operate on fully transparent public chains, which means their strategies would be exposed. Regulatory bodies (like the SEC, EU, etc.) also would not allow assets to flow freely without safeguards. That is the core difficulty.