Rising Midnight trading boosts Cardano activity, increasing ADA demand. Strong NIGHT buy pressure highlights ADA usage for fees, liquidity, and swaps. Cardanians, a company running Cardano stake pools, reported that NIGHT trading on Cardano DEXs has created a new wave of on-chain activity.
Data shows trading volume on Cardano DEXs reached 125 million ADA last week and 59 million ADA so far this week. DexHunter, a Cardano DEX aggregator, reported that the NIGHT order book reflects stronger demand to buy NIGHT using ADA than to sell. NIGHT is one of the most anticipated projects on Cardano today, and possibly across all ecosystems.
These signals reflect growing interest in Midnight and increase demand for ADA as the base asset for fees, liquidity, and swaps. ADA is the only asset included in all six Crypto Index ETPs reviewed, suggesting institutions view ADA as stable with strong long-term potential. James Seyffart expects more Crypto Index ETPs to launch in 2026.
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