Cardano (ADA) founder Charles Hoskinson has dropped a punchy and witty comment about “Midnight,” the sidechain that was launched in December 2025. In a post on X, Hoskinson stated that “Midnight fixes everything!” Hoskinson’s comment also signals his endorsement of Midnight’s potential to address long-standing privacy and regulatory constraints in blockchain infrastructure. Midnight was designed as a privacy-focused project to allow for confidential smart contracts and data protection features.
The Cardano Midnight network has hinted at three phases of evolution. Midnight is currently in the Kukolu phase as of this quarter, with the possibility of a new genesis block emerging in 90 days. The goal is to improve on the Kukolu phase, which is a safe port signaling that builders could deploy real products on it. According to the roadmap, Cardano’s Midnight’s three transitions are all scheduled to occur in 2026.
Midnight has achieved listing on some crypto exchanges, including the social trading platform, eToro. The listing is an indication of Midnight’s credibility and acceptance by users in the space. Notably, this increased adoption supported the sharp rise that pushed it into the top 100 assets in less than 30 days after its debut in the crypto space. Currently, Midnight is ranked 60th, with a market capitalization of $807.97 million.
In the early days, NIGHT witnessed a rapid surge in price as privacy hype gripped a segment of the crypto market. On one occasion, it climbed by 20%, pushing the price above $0.10. As of press time, Midnight is exchanging hands for $0.04869, which represents a 2.2% decline in the last 24 hours. The trading volume has also suffered a decline by 15.1% at $10.69 million.
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