No, it's not fake DV. It's truly dynamic with pixels measurement per frame/shot just like the Dolby Vision algo.
You can easily test it by delaying the RPU(which I did) and see the brightness changes in every scene cut just like DV.
see: https://screenshotcomparison.com/comparison/23824
even without L2 , it is surprisingly close to the original... FYI, this scene is 3600nits.
Fake DV = just a DV flag that triggers DV on your TV but no actual dynamic metadata.