**Night coin** (commonly referred to as **NIGHT**) is the native cryptocurrency token of the **Midnight Network**, a privacy-focused blockchain project.
### What is Midnight Network and NIGHT Token?
Midnight is a fourth-generation **Layer 1 blockchain** developed by Input Output Global (IOG), the team behind Cardano, and conceptualized by Charles Hoskinson (co-founder of Ethereum and founder of Cardano). It focuses on **"rational privacy"** — enabling programmable privacy through **zero-knowledge (ZK) proofs** and selective disclosure. This allows users and developers to protect sensitive data, metadata, commercial information, and personal details while maintaining verifiability and transparency where needed.
Unlike traditional privacy coins (e.g., Monero) that hide everything by default, Midnight uses a **dual-ledger system**:
- A **public (unshielded)** state for transparent elements.
- A **private (shielded)** state for confidential data.
This makes it suitable for real-world applications like secure DeFi, private voting, confidential business logic, or data-protecting dApps, without full anonymity that could hinder compliance or trust.
### Key Features of NIGHT Token
- **Type** → Native utility token, governance token, and unshielded (public/transparent) asset.
- **Total/Max Supply** → 24 billion NIGHT tokens (fixed).
- **Circulating Supply** → Approximately 16.6–16.7 billion (as of mid-March 2026).
- **Dual-Token System**:
- **NIGHT** — The main capital asset for staking, governance, block production rewards, incentives, and holding value.
- **DUST** — A shielded, decaying, non-transferable resource automatically generated by holding NIGHT; used to pay for private transactions and shield metadata (so you don't spend NIGHT directly for gas on private actions).
- **Purpose** → NIGHT is public by design to support governance and economic stability, while privacy is handled via ZK smart contracts (using the Compact language, TypeScript-based) and DUST.
### Current Market Data (as of March 16, 2026)
- **Price** → Around $0.050 – $0.051 USD per NIGHT.
- **Market Cap** → Approximately $830–$850 million USD.
- **24-Hour Trading Volume** → $90–$150 million USD (varies by source).
- **Ranking** → Typically in the top 40–60 cryptocurrencies.
- **All-Time High** → Around $0.12.
- **Where to Trade** → Available on major centralized exchanges like Binance (popular NIGHT/USDT pair), Kraken, and others.
Midnight launched its token (via events like the Glacier Drop airdrop/redemption) in late 2025, with mainnet features rolling out progressively. The project emphasizes making privacy practical and developer-friendly rather than niche.
If you're referring to a different "Night coin" (e.g., a meme coin or unrelated token), let me know for more specific clarification! For the latest price or details, check sources like CoinMarketCap, CoinGecko, or the official site midnight.network.