Midnight Network
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Midnight Network in numbers
Midnight Network (NIGHT) ranks #72 by market capitalization, at $747.35M. It belongs to the Others sector (Privacy). It has traded since Dec 9, 2025, with $30.31M of volume in the last 24 hours. Its all-time high of $0.114681 was reached on Dec 21, 2025; the current price is 65.1% below that peak. Its cycle low of $0.0168471 came on Aug 14, 2026.
69.2% of the maximum supply of 24.00B NIGHT is in circulation. On BNB Chain, 15,761 addresses hold NIGHT. It is available on 2 networks.
About Midnight Network
The Midnight network offers programmable data protection with selective disclosure to organizations and service providers. It enables apps that protect user, commercial, and transaction metadata. Its zero-knowledge proofs offer utility without compromising data protection or ownership. In addition, the Midnight network helps organizations to monetize their business intelligence without revealing the underlying data.
Midnight has two tokens: • NIGHT: an unshielded token for governance, consensus participation, and block production rewards. • DUST: a capacity access shielded resource that operates the chain activity (the fuel).
The unshielded token, NIGHT, has a fixed supply and deflationary policy. NIGHT is accessible and helps ensure network security by operating as the reward token for its block producers. NIGHT will initially exist as a Cardano native asset (CNA). NIGHT will also offer other functions such as network governance.
Midnight’s transaction energy, DUST, is a capacity access shielded resource used to facilitate transactions on the network and ensure that transaction metadata is protected to prevent correlation. DUST behaves like energy in the physical world as it decays over time (i.e., it has value but cannot store value). However, it is continually replenished as a pool of NIGHT generates energy to maintain a proportional supply. DUST cannot be transferred, thus addressing regulatory concerns that are commonplace with shielded tokens or assets. The intent of this design is to maintain the predictability of fees for those transacting on the network.