NIGHT Token (ticker: $NIGHT) is the native cryptocurrency of the Midnight Network, a privacy-focused Layer 1 blockchain developed by Input Output Global (IOG, the team behind Cardano) and conceptualized by Charles Hoskinson.
Midnight emphasizes "rational privacy" using zero-knowledge proofs (ZK) to protect sensitive data and metadata while allowing programmable, selective disclosure for dApps. It features a dual-token system:
- NIGHT — The public (unshielded), transferable native token used for:
- Governance
- Staking / incentives
- Block production rewards
- Generating the shielded gas token called DUST (automatically produced just by holding NIGHT; DUST pays for shielded transactions and decays over time)
- Total supply: 24 billion NIGHT
- It's a Cardano partner chain / sidechain-like structure but operates as its own L1 with ZK tech.
The token launched in December 2025 via a multi-phase free distribution (Glacier Drop, Scavenger Mine, etc.) to eligible holders of various assets (ADA, BTC, ETH, etc.), with redemption ongoing into late 2026.
As of March 20, 2026 (real-time market data):
- Price: Approximately $0.044 – $0.045 USD (down ~7% in the last 24 hours across major trackers)
- 24h trading volume: ~$300–340 million
- Market cap: ~$725–735 million
- Circulating supply: ~16.6–17 billion NIGHT
- Ranked roughly #65–82 on major trackers like CoinMarketCap / CoinGecko
- All-time high appears to have been significantly higher (some sources reference peaks around 2–3× current levels earlier in its trading history)
It's actively traded on major exchanges like Binance, Kraken, Bybit, OKX, Gate.io, and others (primarily NIGHT/USDT pairs).
Official site: https://midnight.network/
NIGHT token details: https://midnight.network/night
Redemption/claim info (if you participated): https://www.midnight.gd/
Note: There's also a much smaller / unrelated token sometimes called Midnight (midnight.vip) with a different supply and very low volume — but the main one people refer to as NIGHT TOKEN in 2026 is the Midnight Network's $NIGHT.
If you're asking about price prediction, claiming tokens, technical details, or something specific (e.g. how DUST works), let me know for more targeted info!