TLDR
- Midnight NIGHT trading volume surged over 68% to $3.53 billion in 24 hours.
- NIGHT price rose about 3% and traded between $0.063 and $0.07
- The token RSI reached 63.68 while market sentiment remained in the fear zone
- The Midnight Foundation plans a stablecoin partnership to expand the ecosystem
Midnight (NIGHT), a privacy-focused protocol developed as a Cardano sidechain, has recorded over $3.5 billion in trading volume within 24 hours—a rare milestone in the crypto market. This marks a 68% surge in volume, signaling renewed interest in privacy-based digital assets. While the price saw a modest rise, growing ecosystem activity, strategic partnerships, and rising investor attention continue to position Midnight as a project to monitor.
Trading Volume Surges as Midnight Attracts Market Attention
Midnight (NIGHT) saw a sharp increase in trading activity over 24 hours, according to CoinMarketCap data. The token’s trading volume surged by more than 68%, reaching $3.53 billion. This substantial jump coincided with a 3.15% price increase, pushing NIGHT to $0.06866.
The token’s price movement ranged between a low of $0.06389 and a high of $0.07 during the period, before undergoing a slight correction. The Fear and Greed Index for the asset currently stands at 27, indicating a market sentiment in the “fear” zone. This means cautious investor behavior amid heightened market activity and increasing Bitcoin dominance, which currently sits at 58.94%.
🚨BREAKING$NIGHT hits $3bn in 24hours volume, surpassing even $XRP 🤯🤯🤯 pic.twitter.com/1Nw0YSC7R0
— Sssebi🦁 (@Sssebi) December 20, 2025
Midnight’s Relative Strength Index (RSI) is currently at 63.68, approaching overbought levels. Technical indicators suggest that maintaining support above $0.0659 could allow NIGHT to continue its bullish trend. Conversely, a decline below $0.063 could trigger a move back toward the $0.06 support range.
Partnership Plans Signal Long-Term Development
Beyond market data, the Midnight Foundation has indicated plans to collaborate with a major stablecoin issuer. Foundation President Fahmi Syed expressed confidence that a deal will be finalized soon. The partnership is expected to strengthen Midnight’s position within the digital asset space and support its continued growth.
Strategic collaborations such as this are often viewed as critical steps toward increasing utility and user adoption. If executed, the partnership could enhance liquidity on the network and support the expansion of privacy-based services across different use cases.
Cardano founder Charles Hoskinson also commented on Midnight’s broader relevance. In a public statement, he referenced Midnight as a potential solution to European Union privacy policy changes, particularly those involving digital identity requirements. Hoskinson suggested that Midnight can serve as a privacy-preserving tool that aligns with open-source values and resists centralized control mechanisms.
Privacy Focus Drives Broader Appeal
Midnight, developed by Input Output Global, positions itself as a privacy-oriented sidechain built on the Cardano ecosystem. It aims to provide secure data handling and private transactions while maintaining regulatory compatibility. The growing interest in privacy networks has created momentum for projects that offer confidentiality without sacrificing transparency.
Recent public remarks and ecosystem developments indicate a growing institutional and retail interest in projects like Midnight. With ongoing regulatory debates and an increasing demand for decentralized privacy solutions, the project may experience further activity if current trends continue. While volatility remains a key factor, Midnight’s recent performance and ecosystem updates suggest growing interest in blockchain-based privacy solutions across global markets.
