Summary $NIGHT (Midnight Network) – 12/20/2025
Project: Cardano's sidechain focusing on 'rational privacy' using zk-SNARKs, supporting DeFi, RWA, and compliance identity. An accessible programming language (TypeScript-based).
Tokenomics:
• Total supply: 24 billion $NIGHT
• 100% airdrop (no VC): 50% for ADA holders, 20% BTC, the rest ETH/SOL/XRP/BNB/AVAX/BAT
• Dual-token: $NIGHT used for staking/governance; DUST (from $NIGHT) used for private transaction fees, self-decaying to stabilize costs.
Current Market:
• Price: ~$0.07
• Market Cap: ~$1.2B (ranked ~84)
• 24h Volume: Unusually high (~$3-4B)
• Post-launch dip 90% due to airdrop sell-off, but recovering strongly (+68% recently).
Strengths: Privacy compliant, strong backing from Cardano, innovative token model, high volume and hype.
Risks: New project, no significant real-world adoption yet, high volatility due to airdrop oversupply, dependent on market sentiment.
Short Assessment: $NIGHT has long-term potential in the privacy blockchain space if adoption increases. Short-term showing signs of recovery, but remains high-risk/high-reward. DYOR and manage risks closely.
Another interesting point is that $Night has an alpha reward pool with a strong framework and numerous reward pools across many exchanges but shows no signs of short selling.
