Cardano native asset NIGHT has trading volumes that are higher than both XRP and Solana. The milestone was celebrated by Charles Hoskinson before the launch of the mainnet in 2026.
This week, Charles Hoskinson reported a bold statement on X, noting that NIGHT had never traded much better. His posting was after the community reported that the token was blowing up in the market.
On X, IOHK_Charles wrote that a native asset of Cardano is being traded more than XRP and SOL together. He also included optimism regarding future progress by stating, You ready 2026? LFG.”
Source: Charles
Stakepool reported on X that the daily trading volume at NIGHT had already exceeded that of both XRP and SOL. It was an instant focus of the crypto communities, and the reaction was, How ’bout that!?
Source: Stakepool
Privacy Token Breaks Trading Records Fast
NIGHT went live on December 8, 2025, and it drives the Midnight Network, a Cardano privacy-driven blockchain that incorporates zero-knowledge proofs.
The huge popularity is validated by trading data: NIGHT had a volume of $6.3 b billion in 24-hour volume with a current trading value of 0.104 and a market capitalization of 1.73 b billion.
Bybit had the largest trading volume of $3.4 billion, then LBank and Ourbit. The price of the token increased by 42.79 per cent in 24 hours.
XRP is trading at 1.90 with less volume, whereas Solana is at 124.93. Combined, they were not able to match the performance of NIGHT in one day.
You might also like: Bitcoin Ransom Threat Targets Hyundai Group in Seoul
Midnight Network Attracts Multi-Chain Interest
The Glacier Drop model of distribution promoted adoption. There were eight large blockchains in the distribution of tokens, and 50% of the entire supply was given to the ADA holders.
Bitcoin owners took one-fifths of the tokens, XRP owners had access to approximately 1.2 billion NIGHT tokens, and Ethereum, Solana, and other chains took the rest of the allocations.
The initial participation in more than 170,000 wallet addresses and more than 3.5 billion NIGHT tokens were claimed. The distributions were made possible by leading exchanges such as Kraken and OKX.
The token also introduces a 450-day thawing, where quarterly unlocks are enforced, which avoids sell pressure and introduces gradual emission.
Midnight uses the zero-knowledge proof technology, which allows it to selectively reveal data. Privacy can be ensured, and the regulations are adhered to.
The Ethereum and Solana ecosystems are linked to each other by cross-chain bridges. The dual-token model involves the use of NIGHT and DUST in privacy-transparency demand.
Hoskinson put the Midnight as a competitive advantage when he commented, We have privacy, unlike [Ethereum and Solana]. Cardano DApps are distinguished by the privacy layer.
Mainnet will be launched in 2026 after the completion of the testnet. ZK applications and developer tooling are on the verge of deployment, and enterprise adoption is a primary concern.
The Cardano ecosystem has been propelled once again. NIGHT topped Cardano native token trading, taking the total volume of all other CNTs combined.
Source: https://www.livebitcoinnews.com/night-token-surpasses-xrp-and-solana-trading-combined/
