Midnight: Fourth generation of data protection network for blockchain projects presented
- Midnight 4 started as a crosschain privacy network with public token distribution – no favoritism for insiders.
- Acceptance among developers and users is high, and the most important exchanges also list the NIGHT token.
Cardano founder Hoskinson created Midnight as a new, fourth-generation blockchain network with a strong privacy focus presented. Its development took six years and saw numerous changes to the technology before leading to the current version.
The launch begins with the first of four phases, followed by the next with federal mainnet and a testnet with incentives for customers.
Midnight’s structure is designed to support multiple blockchain systems, including Ethereum, Solana, Avalanche, Binance Smart Chain, Bitcoin and Cardano. In contrast, almost all other privacy networks are limited to their own chains.
The midnight launch took place without industry-standard financing methods. There was no initial coin offering, no venture capital investment and no insider allocation. The tokens were distributed to the public through channels such as the Glacier Drop, “scavenger hunts” and stock exchange listings. According to Hoskinson, this approach was taken to restore fairness and decentralization to a space often characterized by private pre-sales and concentrated influence.
He added that interest has grown rapidly since launch:
“Midnight is probably the fastest growing and loudest project we have ever built.”
Hoskinson highlighted the high level of engagement in the Discord community and the increasing participation of developers from many other systems.
Congratulations Midnight https://t.co/MsdgiQyCoW
— Charles Hoskinson (@IOHK_Charles) December 9, 2025
Midnight becomes more attractive through stock market listings
The relevant crypto exchanges support the network’s NIGHT token. Bybit, OKX, Gate.io, HTX and Binance Wallet – via Binance Alpha – have confirmed plans to list the new asset. Midnight hosts 61 decentralized apps.
Despite such promotion, data from DeFi Llama shows that the value of the new project fell by over 24%, falling to around $202 million.
The available supply of stablecoins on Midnight is comparatively modest at around $39 million, far less than more established networks with better liquidity support and oracle systems. Nevertheless, Hoskinson is optimistic about the project, calling it a profitable system with the potential to reach tens of billions of dollars.
Looking ahead, Hoskinson said Midnight will introduce new technical features within nine months. These include hybrid, decentralized apps that run across multiple chains, post-quantum cryptography and advanced zero-knowledge tools. He urged developers to start developing, citing use cases in gaming, NFTs, token systems and experimental applications.
Workshops are already planned for January to flesh out Midnight’s development plans.
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