As the core token of a certain Layer 1 ecosystem, DUSK is not just a payment tool — it forms a complete value circulation system through staking incentives, governance rights, and a deflationary model, tightly integrated with the underlying blockchain infrastructure.

Let's look at the token situation: 91.6% of the total supply has already been unlocked, with ample liquidity, avoiding the awkward situation of large unlocks crashing the market. The current market cap is about $197 million, making it a top-tier player in the RWA track.

Regarding practical uses, the first is node staking. Dusk's Hyperstaking mechanism changes the way staking works — you can stake DUSK without locking periods; you can deposit or withdraw at will, and earn compound interest. Nodes receive block rewards and share transaction fee dividends, effectively doubling DUSK holding income. The barrier is low and flexibility high, attracting both individuals and institutions to participate, which enhances network security and strengthens DUSK's circulation consensus.

Second is ecosystem governance. DUSK holders have proposal rights and voting rights, enabling participation in key decisions such as protocol upgrades, ecosystem fund allocation, and compliance rules. A practical example is the "Transaction Fee Buyback and Burn Plan" in 2025, which was approved by community vote — 50% of the transaction fees are used each month to buy back and burn DUSK, creating ongoing deflationary pressure and supporting DUSK from a supply and demand perspective.

Finally, DUSK is also the core fuel for applications within the ecosystem, supporting the operation of the entire ecosystem.