Midnight Price

Midnight is the native utility and governance token of the Midnight Network, a cutting-edge privacy-focused Layer 1 blockchain developed by Charles Hoskinson. Launched on May 19, 2024, NIGHT facilitates transactions, staking, and governance on the Midnight platform. As of 2026-02-02, NIGHT has a price of $0.04703 with a 24-hour trading volume of $2.64M. The token has a circulating supply of 16.6B NIGHT NIGHT out of a maximum supply of 24B NIGHT NIGHT. Midnight's current market cap stands at $781.04M, ranking it 88 among all cryptocurrencies. Midnight serves multiple functions within the Midnight ecosystem: 1. Transaction fees: Used to pay for network operations 2. Staking: Holders can stake NIGHT to secure the network and earn rewards 3. Governance: Token holders can vote on protocol upgrades and changes The Midnight Network aims to provide enhanced privacy features while maintaining regulatory compliance. As the project develops, Midnight is expected to play a crucial role in driving adoption and utility of the platform. Analysts project NIGHT could reach $0.05728 by 2027 and potentially $0.1044 by 2031 as the privacy-focused blockchain sector grows.

Midnight was created on November 28, 2024. As the native token of the Midnight Network, NIGHT serves both utility and governance functions on this privacy-focused Layer 1 blockchain. The project was launched by Charles Hoskinson, aiming to provide advanced privacy features while maintaining regulatory compliance. Midnight has a total supply of 24B NIGHT tokens, with 16.6B NIGHT currently in circulation. Since its launch, Midnight has gained traction in the crypto community, attracting investors interested in privacy-preserving technologies. As of 2026-02-02, Midnight is trading at $0.04703 with a 24-hour trading volume of $2.64M. The project continues to develop its ecosystem and expand its use cases in the rapidly evolving Web3 landscape.

The founders of Midnight are Charles Hoskinson and the Midnight team. Midnight is the native token of the Midnight Network, a cutting-edge privacy-focused Layer 1 blockchain developed by Charles Hoskinson, who is also known as the founder of Cardano. The project was officially launched on December 8, 2025, with NIGHT serving as both the utility and governance token for the network. As of 2026-02-02, Midnight has a total supply of 24B NIGHT tokens, with 16.6B NIGHT in circulation. The token aims to provide privacy-preserving features while maintaining regulatory compliance, making it a unique offering in the cryptocurrency space.

Midnight operates as the native utility and governance token of the Midnight Network. Here's how it works: 1. Network Access: Holding NIGHT grants users access to the Midnight Network's features and services. 2. DUST Generation: NIGHT tokens generate DUST, a renewable resource used for transaction fees on the network. 3. Fee Structure: Instead of spending NIGHT directly for transactions, users utilize the DUST produced by their NIGHT holdings. 4. Governance: NIGHT token holders can participate in network governance decisions. 5. Tokenomics: The total supply of NIGHT is capped at 24B NIGHT, with 16.6B NIGHT currently in circulation. 6. Sustainability: This unique model ensures NIGHT isn't depleted through transactions, maintaining its long-term value. 7. Ecosystem Growth: As the Midnight Network expands, demand for NIGHT is expected to increase, potentially driving its value. By combining utility, governance, and a novel fee mechanism, Midnight aims to create a sustainable and efficient ecosystem for privacy-focused blockchain operations.

Midnight utilizes a dual-token architecture: 1. NIGHT Token: The primary utility and governance token of the Midnight Network. It's used for staking, voting on protocol upgrades, and paying transaction fees. 2. DUST: A secondary utility resource token that facilitates private transactions and smart contract executions. The network employs zero-knowledge proofs to enable privacy-preserving transactions and smart contracts. Built on Cardano's eUTXO model, it inherits security and scalability benefits. Key technical components include: - Privacy-focused Layer 1 blockchain - Zero-knowledge proof integration - Cooperative tokenomics model - eUTXO-based architecture - Proof-of-Stake consensus mechanism This architecture allows Midnight to offer programmable privacy while maintaining regulatory compliance. The dual-token system and ZK-proofs work together to create a balance between transparency and confidentiality in blockchain transactions.

The future of Midnight looks promising. As the native token of Midnight Network, a cutting-edge privacy-focused L1 blockchain developed by Charles Hoskinson, NIGHT is positioned for significant growth. The roadmap includes: 1. Launch on December 8, 2025 2. Implementing advanced privacy features 3. Expanding ecosystem partnerships 4. Enhancing governance mechanisms 5. Scaling network capacity By 2027, NIGHT aims to be among the top privacy-centric cryptocurrencies. The team plans to introduce innovative zero-knowledge proof technologies and improve transaction speeds. In 2028, Midnight Network targets widespread adoption, with NIGHT potentially reaching $0.07635. The focus will be on integrating with DeFi platforms and expanding use cases. Long-term goals for 2031 include establishing Midnight as a leading privacy solution in the blockchain space, with a projected value of $0.1044. By 2036, NIGHT could become a cornerstone of privacy-preserving digital transactions, potentially reaching --. With its strong foundation and visionary leadership, Midnight is poised for a bright future in the evolving crypto landscape.