Speaking of the Dusk project, I have to admit that its development path has been somewhat winding. The mainnet took over six years from conception to actual launch, finally officially starting in early 2025 — it may seem late, but there's a reason for this "lateness."

Why the delay? Because the team is taking the EU's MiCA regulations very seriously. You might not imagine how strict this framework is, so Dusk prefers to take the time to do things properly rather than rushing into the market. And what happened? The market didn't quite buy it. The token's price fell over 90% from its all-time high, and its market cap remained relatively limited, making things look a bit awkward for a while.

But the turning point of this story has arrived. In 2026, a partnership with the Dutch stock exchange NPEX is about to be realized — and this isn't just a small-scale effort. They plan to tokenize securities worth over €200 million. Think about what this means — this is a real-world application of the mechanism, no longer just concepts and promises, but actual market demand in tangible form.

So, looking back now, the years of waiting and hesitation have paid off. From being overlooked to gaining recognition from mainstream EU financial markets, Dusk is entering a completely different stage.