A token for Cardano’s privacy-focused community, Midnight (NIGHT), entered energetic market buying and selling, recorded greater than $1 billion in 24-hour quantity and market cap, even rating forward of XRP by turnover on Bybit.
In fact, the primary man behind Cardano, Charles Hoskinson, reacted to the astonishing milestone, although in a laconic method, saying that $1 billion in quantity is an “completely outstanding” achievement for a brand new token.
Now to NIGHT, which traded at round $0.069 throughout main exchanges, pushing its market capitalization above $1 billion. The amount-to-market-cap ratio at present stands at 96.5%, so to say that the buying and selling exercise for the token many might even see as the “new ADA” is sizzling is to underestimate it.
As was talked about above, Bybit, the second largest cryptocurrency trade on the planet, alone accounted for over $650 million in turnover, with Binance, Alpha, OKX, KuCoin and Gate following shut behind. This confirms that the exercise was widespread, not remoted.
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Midnight isn’t marketed as a meme or a short-term narrative asset. It’s positioned as a programmable privateness community constructed on zero-knowledge proofs, dual-ledger structure and selective disclosure tooling geared toward enterprises, id techniques and compliant DeFi.
NIGHT value chart displays hype
After buying and selling beneath $0.05 for many of the session, NIGHT surged into the $0.07 zone in a near-vertical transfer, then entered a consolidation band between $0.066 and $0.071.
For merchants, the $1 billion print signifies that Midnight has joined the dialog about liquidity with top-tier Layer-1 ecosystems. For builders, it suggests an early dedication of capital forward of mainnet tooling and the rollout of zero-knowledge (ZK) purposes.
For Cardano itself, Midnight’s breakthrough redefines the ecosystem as a multi-network stack wherein privateness, compliance and scalability can coexist with out compromises.
