Curiosity about Midnight (NIGHT) is growing within the Cardano (ADA) community. At the same time, some investors worry that this ambitious project could weaken Cardano. Unjustified, says founder Charles Hoskinson. In a recent livestream, he emphasized that Midnight is a powerful growth engine for the broader ecosystem.
Midnight boosts DeFi on Cardano
In a video, Hoskinson states that Midnight is not intended as a replacement, but as reinforcement for Cardano. Becoming faster, cheaper and more scalable, he believes, is not enough to lure users away from established networks such as Ethereum (ETH) and Solana (SOL). What does work is offering something that is fundamentally different.
Wat is Midnight?
Unlike most blockchains, where every transaction is visible to everyone, Midnight offers so-called programmable privacy. Developers can decide for themselves which data is public and which remains private. This way you can use applications without revealing sensitive information such as your identity or transaction amounts.
What does work is offering something fundamentally different, says Hoskinson. Midnight must make that difference by offering programmable privacy within decentralized finance (DeFi), something that major platforms do not yet support.
Users do not have to leave their trusted networks, but can still benefit from additional privacy functionality via Midnight. That new proposition could increase DeFi activity on Cardano by a factor of ten, Hoskinson said.
According to DeFiLlama, the current Total Value Locked (TVL) on Cardano is approximately $177 million. With Midnight, that could increase to $1.78 billion. This would still make Cardano smaller than Ethereum (69 billion) or Solana (8.5 billion), but it would represent a breakthrough.
More DeFi growth on the way
The real mainnet launch of Midnight is planned for the first quarter of 2026. The first steps have now been taken with the introduction of the token on the Cardano network.
Hoskinson expects DeFi growth to accelerate further due to two more key developments. First of all, there are discussions with Ripple to bring the stablecoin RLUSD to Cardano. In addition, the Midnight Foundation is working on its own privacy stablecoin that will run on Midnight itself.
Midnight rises sharply after a troubled start
Midnight’s launch earlier this month was initially volatile. Nevertheless, the introduction can be described as successful. The coin now has a market value of almost $1.5 billion, making it one of the top 100 largest crypto coins. At the time of writing, one NIGHT token is worth approximately $0.085.
Shortly after the launch, the price fell to a low of $ 0.024, but since then the price has clearly recovered.
Analyst Ssebi emphasizes that Midnight can correct further. In a recent analysis on He points to potential support around 0.2 ADA, which corresponds to a price level of around $0.072.
Anyone who previously participated may also still be entitled to NIGHT tokens. Those who participated in the Glacier Drop between August and October can now claim their coins via the official Redemption Portal. You have one year to do this. Only wallets that were registered with certain cryptos at the time are eligible.
Source: https://newsbit.nl/hoskinson-midnight-is-geen-bedreiging-voor-cardano-maar-juist-een-kans/
