Cardano (ADA) bulls are clinging on to the success of the freshly-released Midnight side-chain and the native NIGHT token. Whipping up beyond 200% gains in the first two weeks of trading, NIGHT rose to prominence due to the uncanny match of legal compliance and full privacy.
While Cardano’s Midnight side-chain still operates somewhat differently than privacy go-tos like Monero (XMR) or Zcash (ZEC), the chain’s consensus is equally attractive to institutions and private investors. Midnight (NIGHT) picked up 21% gains since yesterday, as another integration was announced.
Midnight Correction Can’t Fade Cardano Bulls
Now, Cardano’s Midnight chain is available on XRP’s DeFi ecosystem, which is larger than Cardano’s native decentralized finance (DeFi) ecosystem numerous times. Cardano’s founder Charles Hoskinson even alleged that this Cardano & XRP partnership could “blow traditional banks out of the water”.
Despite backtracking 17.7% from the all-time peak inked 21 days ago at $0.118, Cardano L1’s alternative NIGHT token token is well dominated by the buyers. The current buy-to-sell ratio is 52%, delivering a slight edge to Cardano Midnight’s bulls. However, the DeFi ecosystem’s stats are not that impressive.
Ripple Acknowledges Midnight, Is $1B Coming?
Real-time data shows the combined number does not exceed $315 million across XRP & Cardano (ADA) ecosystems, so the crusade towards $1 billion continues with Ripple lending a helping hand. Ripple recently launched the RLUSD stablecoin, netting $1 billion in market cap in the first two months since inception.
Midnight private chain was recently given a shout-out from Ripple’s Chief Technology Officer (CTO), David ‘JoelKatz’ Schwartz. With market watchers waiting to see what this partnership will bring, both blue-chip altcoins saw similar 2% drops since last week – ADA is floating just above the $0.35 support line while XRP battles strong resistance at $1.90.
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People Also Ask:
Charles Hoskinson is positioning Midnight, Cardano’s privacy-focused sidechain, as a DeFi and privacy layer for XRP, with direct collaboration including Ripple CTO David Schwartz on tech like the Glacier Drop airdrop.
Midnight uses zero-knowledge proofs for compliant privacy. Hoskinson says adding it to XRP DeFi could “blow legacy banks out of the water” by enabling private staking, lending, and more on XRPL.
NIGHT token buyers and traders are surging—high search volume, strong post-launch trading, and airdrop claims (including XRP holders) driving dominance amid hype.
Ripple CTO David Schwartz acknowledged Midnight positively. Hoskinson confirmed direct engineering calls with Schwartz for cross-chain features.
Ongoing talks for deeper integration, like XRP in Midnight apps or RLUSD stablecoin support. Midnight mainnet in 2026 could accelerate real-world adoption.
