Recently, an interesting phenomenon has emerged on the Dusk chain. The $DUSK staking contracts with a lock-up period of over a year have increased by 120% in these 60 days—while the numbers may not seem particularly alarming, what they reflect behind the scenes is the key point.

Almost all of these large, long-term staking contracts come from institutional addresses, multi-signature wallets, custody accounts, and the like, which have little to do with node operation. Even more interesting is that most of these stakers are simultaneously issuing RWA assets on the Clarify platform.

In other words, what are these institutions doing? They treat long-term staking of $DUSK as a "ticket"—to ensure that they can use Dusk's various functions, including asset issuance, compliance auditing, and privacy settlement, with stability and priority over the next few years.

Don't get me wrong; this isn't about them trying to make money from staking yields. On the contrary, it's a strategic lock-up. The demand is extremely rigid, and price fluctuations have little impact on them. Such funds provide strong support for the circulating supply of $DUSK.

Most importantly, this reflects a quiet shift in the identity of $DUSK—from a purely speculative asset to a rights token that carries actual commercial functions. The forces supporting it are being reconstructed: the part of speculative trading is weakening, while the value of the ecosystem's actual "usage rights" is being solidified.