Enter Output World CEO Charles Hoskinson makes use of the X social media community to boast As for NIGHT, it’s the privacy-focused native token of the Midnight community and has outperformed each XRP and SOL.
Based on knowledge from CoinGecko, the purple scorching token’s 24-hour buying and selling quantity has soared to a whopping $4 billion.
beautiful launch
The NIGHT token was formally launched on December eighth after months of anticipation. It may possibly now be traded on centralized exchanges resembling Kraken, Bybit, and numerous Cardano DEXs. Hoskinson mentioned the token's debut was an unimaginable success.
Midnight makes use of a “thaw” interval, the place tokens are unlocked steadily over 450 days. This enables customers to proactively make small checks, claims, and transactions always.
Breaking the “Ghost Chain” story?
This “enthusiasm” contradicts the oft-repeated “ghost chain” narrative that has plagued Cardano on account of its obvious lack of customers.
Observe that the community is usually in a “bootstrap” section. The subsequent Kukor section is anticipated to happen within the first quarter of 2026. Throughout this section of implementation, the privacy-preserving good contract truly goes reside.
Hoskinson predicted that the community's TVL (whole worth locked) and MAU (month-to-month lively customers) might enhance considerably. He believes that the largest downside within the DeFi (decentralized finance) area is solved by privateness.
“When midnight activates, think about 12-month transferring common TVL, transactions, MAU. Lots of people need personal prediction markets, stablecoins, DEXs,” he mentioned.
For instance, you possibly can place giant bets with out revealing your id or the precise measurement of your place. “Regulation-friendly” personal stablecoins allow digital money that’s publicly out there but audit-compliant.
