Read this article on bsc.news Midnight Network's native token posted the strongest 24-hour gain among the 100 largest cryptocurrencies on Wednesday, outpacing Bitcoin as the wider market edge
Midnight Network's native token posted the strongest 24-hour gain among the 100 largest cryptocurrencies on Wednesday, outpacing Bitcoin as the wider market edged higher.
The token, $NIGHT, the asset of @MidnightNtwrk, trades at $0.04713, up 13.45% over 24 hours. Price moved from a low near $0.041 to a high of $0.0486 during the period. Daily trading volume stands at about $29 million, and market capitalisation is near $780 million, which ranks $NIGHT 84th on CoinGecko.
No other coin in the top 100 gained more over the past day. For comparison, $BTC rose about 1.7% over the same period.
Midnight is a privacy-focused partner chain of @Cardano. CoinDesk describes it as Input Output's attempt to give Cardano a programmable privacy layer built around zero-knowledge proofs, a technology that allows information to be verified without being fully revealed.
NIGHT launched on Cardano in December 2025, according to CoinGecko's research guide. It is the network's governance token, with a maximum supply of 24 billion. Midnight uses a dual-token model. NIGHT is the governance token, and DUST is a non-transferable resource used to pay transaction fees, according to the same CoinGecko guide.
The token was distributed widely. Midnight launched with a cross-chain allocation model that spreads NIGHT's 24 billion-token supply across eight major ecosystems, including Bitcoin, Ethereum, Solana, BNB Chain and Cardano, CoinDesk reported.
Even after the latest move, $NIGHT trades well below its peak. CryptoRank data puts its all-time high at $0.1173, reached on Dec. 21, 2025. The token has also been volatile: CryptoRank lists an all-time low of $0.01667 on July 20, 2026.
Single-day gains in smaller top-100 assets can reverse quickly, and the data above reflects a 24-hour window only.
CoinDesk: Cardano Ecosystem Gets a Privacy Boost as Midnight's NIGHT Goes Live
CoinGecko: Midnight Network, A Guide to Programmable Privacy
