Midnight
nightRank #120Midnight (NIGHT): privacy-first chain pairing ZK confidentiality with selective disclosure
Midnight (NIGHT) is a privacy-focused smart-contract blockchain, emerging from the Cardano and IOG orbit, that combines confidential data handling with public verifiability so developers can build applications that protect sensitive information while still proving correctness.
Zero-knowledge proofs and selective disclosure
Its approach centers on zero-knowledge proofs and selective disclosure. Rather than making everything either fully public or fully hidden, Midnight lets applications reveal only what a given counterparty or regulator needs to see while keeping the rest private, an attempt to reconcile confidentiality with compliance. That framing, sometimes called rational privacy, targets enterprises and use cases where broadcasting all data on a transparent ledger is a non-starter, distinguishing it from anonymity-maximizing coins.
The bull and bear case for compliance-aware privacy
The bull case is that a credible, compliance-aware privacy layer fills a real gap and benefits from an established development pedigree and distribution across the Cardano and BNB ecosystems. The bear case is that privacy chains face persistent regulatory headwinds, that adoption of new L1s is brutally hard, and that ZK tooling competition is fierce. Public detail on token mechanics and traction remains limited given how new the project is, so this is an early-stage bet on execution and on the narrow, difficult niche of programmable privacy.
- 1. Choose an exchange. Pick a reputable exchange that lists NIGHT — among the venues we rate highest are Binance, OKX and Kraken.
- 2. Create & verify your account. Register, enable two-factor authentication, and complete identity verification (KYC).
- 3. Deposit funds. Add money by bank transfer, card, or a stablecoin, depending on what the exchange supports in your region.
- 4. Buy NIGHT. Search for NIGHT, choose a market or limit order, enter your amount, and confirm.
- 5. Secure your coins. For long-term holdings, withdraw NIGHT to a self-custody wallet you control rather than leaving it on the exchange.
Compare venues in our independent exchange ratings. This is not financial advice.
What is Midnight (NIGHT)?
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Midnight (NIGHT) is a privacy-focused smart-contract blockchain, emerging from the Cardano and IOG orbit, that combines confidential data handling with public verifiability so developers can build applications that protect sensitive information while still proving correctness.
What is Midnight used for and how does it work?
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## Zero-knowledge proofs and selective disclosure
What is the market cap and rank of Midnight?
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Midnight has a market capitalization of $317.34M, ranking #120 among all cryptocurrencies, on 24-hour trading volume of $8.57M.
How many NIGHT are in circulation?
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There are 16,607,399,401 NIGHT in circulation out of a maximum supply of 24,000,000,000 NIGHT.
What is the all-time high of Midnight?
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Midnight reached an all-time high of $0.118529 on Dec 9, 2025. It currently trades 84% below that level.
Is Midnight a good investment?
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Simple Crypto Signal does not provide financial advice. The bull case is that a credible, compliance-aware privacy layer fills a real gap and benefits from an established development pedigree and distribution across the Cardano and BNB ecosystems. The bear case is that privacy chains face persistent regulatory headwinds, that adoption of new L1s is brutally hard, and that ZK tooling competition is fierce. Public detail on token mechanics and traction remains limited given how new the project is, so this is an early-stage bet on execution and on the narrow, difficult niche of programmable privacy. As with all crypto, Midnight is volatile and can lose value quickly — do your own research before investing.