Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.

• Market Cap: ~$1.14 B+ (top ~#56 rank)
• 24H Volume: ~$3.5 B+ (exceptionally high turnover)
• Circulating Supply: ~16.6B / 24B max supply
📌 KEY MARKET OBSERVATIONS:
🔥 High Volume, High Liquidity — Not Just Pump & Dump:
24-hour volume outstripping many established altcoins suggests active trading interest and broad exposure, not just fleeting momentum.
🌐 Rapid On-Chain Adoption:
The NIGHT token has been embedded in 133,000+ Cardano transactions in under a week, underscoring real usage — not just price speculation. This reflects growing developer and user interest interacting with Midnight’s privacy layer.
📈 Cardano Ecosystem Synergy:
Cardano’s founder recently highlighted Midnight as a project with massive ecosystem potential, aiming for exponential growth as mainnet evolves — a sentiment that continues to attract builders and holders alike.
📉 Recent Price Behavior:
While $NIGHT saw an early explosive surge after launch — nearly 200% gains early on — markets corrected as typical inclusion of new supply and profit-taking occurred — from early highs around ~$0.08–0.09. That retracement has provided a healthy base for accumulation and structural consolidation.
💡 Why This Matters Today:
This isn’t a random pump — the combination of record-level volume, sustained market cap, and actual transaction adoption on Cardano has pushed $NIGHT into the upper tier of notable crypto assets — transforming it from a launch story to a narrative of network usage + ecosystem growth. All of this keeps $NIGHT consistently featured and discussed on Gate Square’s trending pages.
📍 My Take:
$NIGHT is balancing price discovery with utilization momentum. With real activity on Cardano and bullish commentary from ecosystem leaders, the next phase may hinge on mainnet features, smart contract adoption, and increased privacy use cases that attract real users beyond traders.#ETHTrendWatch #NIGHT