Equity Details
Price & Market Data
Price: $0.0337
Daily Change: +$0.0₃99 / 2.94%
Daily Range: $0.0318 - $0.034
Market Cap: $559,502,433
Daily Volume: 7,610,270
About Midnight (NIGHT)
Uncover the latest on Midnight (X:NIGHT). Trading at 0.0337, the stock has shown a daily change of +$0.0₃99 / 2.94%. With a market cap of 559,502,433, its performance over the last week (N/A) and month (N/A) provides key insights.
Details
Midnight is a privacy-preserving Layer 1 blockchain developed by Input Output Global (IOG) and conceptualised by Charles Hoskinson. It uses zero-knowledge cryptography and selective disclosure to protect user and application data. The ecosystem runs on a dual-token model: NIGHT, the unshielded native token used for governance, block production rewards, and incentives; and DUST, a shielded, non-transferable, and decaying resource used to pay for transactions. NIGHT generates DUST over time, allowing predictable access to network capacity without direct token spending. The total supply of NIGHT is fixed at 24 billion, with cross-chain functionality between Cardano and the Midnight network. Governance is expected to transition from a federated model to full decentralisation. The token distribution follows a multi-phase, free allocation model, designed to encourage broad participation across major blockchain ecosystems.
