NIGHT
$0.04

Midnight (NIGHT) Price

$0.04

Midnight (NIGHT) Price Today

The live price of Midnight is 0.04 USD. In the past 24 hours, the trading volume of Midnight was 284,289,214.55 USD, down by -1.81%. The current price has decreased by -58.02% from its 7-day high of 0.11 USD, and increased by 0.02% from its 7-day low of 0.02 USD. With a circulating supply of 24,000,000,000.00 Midnight, the market cap of Midnight is currently -- USD, down by 0% in the last 24 hours. Midnight currently ranks #105 by market capitalization among cryptocurrencies.

Midnight (NIGHT) Market Data

Market Cap
$937.9M
24h Volume
$284.2M
Circulating Supply
16.6B NIGHT
Maximum Supply
24B NIGHT
Fully Diluted Market Cap
$1.3B
Liquidity Indicator
30.31%
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FAQ

About Midnight (NIGHT)

How can I buy Midnight (NIGHT)?

You can buy Midnight (NIGHT) on supported CEXs, DEXs, or crypto wallets, although it is not yet listed on BingX. See our How to Buy Midnight guide for details. Sign up with BingX to trade NIGHT first when it goes live.

What Is Midnight (NIGHT) and How Does It Work?


Midnight (NIGHT) is the native token of Midnight, a fourth-generation Layer-1 blockchain designed to bring programmable, regulated, and selective privacy to Web3. Built with advanced zero-knowledge cryptography, Midnight allows developers to create decentralized applications where users can protect sensitive data while still complying with necessary transparency rules. Its goal is to solve the long-standing privacy-versus-compliance challenge across finance, identity, and enterprise-grade blockchain use cases.

Midnight operates on a dual-token economic model. NIGHT acts as the capital and governance asset, while network operations use a resource called DUST, which is generated by holding NIGHT. Instead of paying gas fees in the main token, users consume DUST to execute private transactions and smart contracts. This separation helps stabilize network costs, improves economic efficiency, and avoids the typical volatility issues seen in single-token gas models.

NIGHT also secures the network and enables meaningful participation in protocol governance. Holders can influence upgrades, privacy rules, and resource mechanisms while benefiting from DUST generation that fuels private computation on Midnight. This architecture positions Midnight as a next-generation privacy chain, enabling developers and users to build real-world applications that require confidentiality without compromising auditability or trust.

When Did Midnight Foundation Launch?


The Midnight Foundation was formally launched in May 2025 to steward and grow the Midnight Network, a fourth-generation blockchain built for privacy, compliance and programmable smart contracts. The core technical work is carried out by a separate engineering team, Shielded Technologies, while Midnight Foundation focuses on ecosystem development, community building, and governance transition over time.

Midnight itself is backed by prominent crypto-native leadership. Among its early champions is Charles Hoskinson, founder of Cardano (ADA), who has publicly described Midnight as a major step toward enabling privacy-first, regulation-ready blockchain infrastructure.

The native token NIGHT officially launched on December 8, 2025, marking the beginning of the network’s transition from development/test phase to an operational privacy-smart-contract blockchain.

Midnight Blockchain Roadmap


• May 2025 – Establishment of Midnight Foundation (governance & ecosystem) and Shielded Technologies (technical buildout).

• August 2025 – Launch of the “Glacier Drop” claim portal, the first major phase of NIGHT token distribution, ahead of mainnet launch.

• December 8, 2025 – Official launch of NIGHT token; network becomes tradable and live.

• Early 2026 (Q1) – Planned deployment of privacy-enabled decentralized applications (DApps) on Midnight.

• 2026 (Q2) – Activation of the DUST Capacity Exchange, the resource-exchange mechanism in Midnight’s dual-token model).

• 2026 (Q3) – Full network decentralization and cross-chain interoperability, aiming to bring Midnight to maturity as a privacy-first, production-ready blockchain.

What Is the NIGHT Token Used for?


The NIGHT token serves as the native governance and capital asset of the Midnight network. Its primary role is to secure the chain, participate in protocol governance, and generate DUST, the operational resource used to pay for private transactions and smart-contract execution. By separating NIGHT for value and governance from DUST for network fuel, Midnight ensures predictable resource costs, stronger economic stability, and more efficient private computation across its ecosystem.

You can trade NIGHT on the BingX Spot Market by searching for the NIGHT/USDT trading pair and placing a market or limit order. Once purchased, your NIGHT tokens are stored securely in your BingX account and can be withdrawn to any supported Midnight-compatible wallet.

What Is Midnight Blockchain Tokenomics?


Midnight blockchain tokenomics are built around a dual-token economic model designed to balance privacy, governance, and predictable network usage. NIGHT is the primary token of the ecosystem, serving as the capital, governance, and value-accrual asset. Holders of NIGHT continuously generate DUST, a separate operational resource used to pay for network fees, private transactions, and smart-contract execution. This separation ensures that network activity does not directly inflate demand or volatility for NIGHT, creating a more stable and sustainable economic system.

The total supply of NIGHT is capped at 24 billion tokens, with a portion released at launch and the remainder distributed through ecosystem incentives, community allocations, developer programs, and long-term network sustainability funds. DUST is not sold or traded; it is algorithmically generated based on the amount of NIGHT held, giving users predictable and privacy-enhanced access to network resources. This architecture supports scalable private computation, long-term token value, and smooth economic functioning across the Midnight ecosystem.

How Does Midnight Network Differ From Other Blockchains?


Midnight Network differs from traditional blockchains by introducing programmable, selective privacy as a first-class feature. Instead of forcing users to choose between full transparency and full anonymity, Midnight uses advanced zero-knowledge proofs to let developers and users control exactly what data is public, private, or auditable. This makes it suitable for real-world applications, like finance, identity, and enterprise systems, where confidentiality is essential but compliance and traceability still matter.

The network also uses a dual-token economic model that separates value (NIGHT) from operational fuel (DUST). Unlike chains where the main token is consumed for gas, Midnight holders generate DUST to pay for smart contracts and private transactions, creating predictable network costs and stronger economic stability. Combined with privacy-preserving smart contracts and a developer-friendly architecture, this design positions Midnight as a next-generation blockchain optimized for secure, compliant, and scalable private computation.

Which Wallets Support NIGHT Tokens?


You can store NIGHT tokens directly on BingX, which is the simplest and most beginner-friendly option. When you buy NIGHT on the BingX spot market, your tokens are automatically held in your secure exchange wallet, giving you easy access to trading, price alerts, and portfolio tracking without managing private keys. This is ideal if you plan to trade NIGHT frequently or want a hassle-free storage solution backed by BingX’s security infrastructure.

For users who prefer self-custody, NIGHT can be stored in Midnight-compatible decentralized wallets that support its dual-resource model (NIGHT + DUST). These wallets allow you to generate and manage DUST for private transactions, interact with Midnight dApps, and maintain full control over your keys and privacy settings. Always verify that your chosen wallet supports the Midnight network and keep your seed phrase and private keys secured.

Is Midnight (NIGHT) a Good Investment?


Midnight (NIGHT) may be considered a strong investment for users who believe in the next wave of privacy-preserving, regulation-ready blockchain infrastructure. Its dual-token model, where NIGHT generates DUST for private transactions, creates a sustainable economic system that avoids the gas-fee volatility common in other networks. Midnight also benefits from advanced zero-knowledge technology, strong ecosystem backing, and a clear roadmap toward decentralized governance and enterprise adoption. With growing demand for compliant privacy solutions in Web3, NIGHT is positioned as a foundational asset for a network designed to support real-world, privacy-centric applications at scale.

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