MidnightNIGHT

The token of Midnight, a privacy network tied to Cardano; launched Dec 2025, mainnet since 30 Mar 2026.

Rank #89Since December 2025

Price on 31 Oct 2026

C$0.0559 +111.8% since 31 Jul 2026 · 65.9% below its all-time high

The short version

NIGHT is the token of Midnight, a privacy network built by Shielded Technologies with the Midnight Foundation; holding it generates DUST, which pays for transactions. All 24 billion NIGHT exist on Cardano: the token launched on 4 Dec 2025 and the Midnight mainnet started on 30 Mar 2026 with nine federated validators. The community claimed about 4.55 billion in the Glacier Drop and Scavenger Mine, thawing in tranches until 4 Dec 2026. On 31 Oct 2026 one NIGHT cost C$0.0559. From 31 Jul 2026 to 31 Oct 2026 its price changed +111.8% in Canadian dollars, and it was 65.9% below its all-time high of C$0.1641 set on 9 Dec 2025.^[1]

Facts checked 2 Nov 2026 · 11 sources · next update about 1 Dec 2026

Price, past year

Since 9 Dec 2025: high C$0.1525 (22 Dec 2025) · low C$0.0235 (19 Aug 2026) · -57.3%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$0.0558	US$0.0400
30 Sep 2026	C$0.0461	US$0.0324
31 Aug 2026	C$0.0255	US$0.0184
31 Jul 2026	C$0.0264	US$0.0188
30 Jun 2026	C$0.0456	US$0.0321
31 May 2026	C$0.0532	US$0.0385
30 Apr 2026	C$0.0440	US$0.0323
31 Mar 2026	C$0.0606	US$0.0435
28 Feb 2026	C$0.0794	US$0.0582
31 Jan 2026	C$0.0687	US$0.0507
31 Dec 2025	C$0.1355	US$0.0989

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026: C$0.0559^[1]
3-month change: +111.8% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 65.9% below its high of C$0.1641 (9 Dec 2025)^[1]
Market rank: #89, market value about C$928.6M^[1]
Kind: Token · Cardano (native asset), mirrored 1:1 on the Midnight network
Started: December 2025

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?NoAll 24 billion minted on Cardano; block rewards come from an existing Reserve, not new minting^{[2, 3]}

Can anyone freeze or take coins from holders?NoCardano native asset handled by the ledger; no token contract, freeze or blacklist function^[4]

Can the token's contract code be changed?NoFixed contract code on BNB Chain, not a proxy^[5]

Is the supply capped?Yes24 billion, all minted^{[2, 3]}

Any scheduled unlocks in the next 12 months?YesCommunity tranches to 4 Dec 2026, about 1.1B (7% of circulating); Foundation vesting dates not published^{[6, 7]}

Does a team or foundation hold over 10% of supply?YesMidnight Foundation 35%, TGE entity 15.25% and Treasury 5% (Tokenomist)^[7]

Do network fees reach coin holders?NoFees are paid in DUST, which regenerates from holdings; no fee income to holders^{[2, 8]}

Main network hacked or halted in the past 2 years?NoMainnet live since 30 Mar 2026; no exploit or halt found^{[8, 9]}

Is a regulator or court case targeting the coin itself?NoNo regulator or court case found^[10]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Run by: Shielded Technologies (technology partner) and the Midnight Foundation, both launched in May 2025^{[10, 6]}
Validators: Nine federated partners since 30 Mar 2026, including Google Cloud, Blockdaemon, Worldpay, MoneyGram and Shielded Technologies^[8]
Allocation holders: Midnight Foundation 35%, protocol Reserve 25%, TGE entity 15.25%, Treasury 5% (Tokenomist); 69.2% counted circulating^[7]

Supply

In circulation: 16.61B NIGHT of a 24.00B maximum (69.2%)^[1]
Fully diluted value: 1.45 times its current market value^[1]
Total: 24 billion NIGHT, all on Cardano; block producers are paid from a protocol-managed Reserve, not new minting^{[2, 3]}
Community share: Glacier Drop 3.547B claimed, Scavenger Mine 1B, Lost-and-Found about 252M; thawing in four 25% tranches every 90 days^[6]
Unlocks: Community tranches run to 4 Dec 2026; the Foundation's 35% uses cliff vesting with no published dates (Tokenomist)^{[6, 7]}
Circulating: 16.61 billion (69.2%) on 2 Nov 2026^[3]

Use and fees

Main use: Holding NIGHT generates DUST, the shielded resource that pays for transactions; DUST fully recharges in seven days^{[2, 8]}
Mainnet status: Federated mainnet since 30 Mar 2026; community block production (Mohalu phase) was planned for mid-2026^[8]
Who gets fees: Transactions consume DUST, which regenerates from holdings; no fee income flows to NIGHT holders^{[2, 8]}

Trading

Daily trading: About C$21.0M a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 2.23% of its market value changes hands each day^[1]
20-week average: 40.0% above its 20-week average price^[1]

History

Not a forecast

Coins ranked 51-200 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 4,050 cases, 612 coins

39% were higher a year later^[11]

Typical result: Median -25% after a year; 45% higher after two years
Lost half or more: 38% within a year
Against Bitcoin: 12% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

No red flags found

Community NIGHT keeps thawing in 25% tranches until 4 Dec 2026, followed by a 90-day grace period for final claims.^[6]
Midnight's mainnet runs on nine federated validators chosen by the project; open block production was planned for mid-2026.^[8]
Tokenomist assigns 35% of supply to the Midnight Foundation under cliff vesting with no dates listed.^[7]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.