Cardano Founder Sees Billion-Dollar Project Enter “Much Bigger” Phase
Cardano founder Charles Hoskinson says the Midnight ecosystem is only at the beginning of its growth curve, predicting a dramatic expansion in its valuation. Speaking on a recent podcast, Hoskinson said Midnight could grow “10x in value”, adding that the privacy-focused network would evolve into “something bigger and beyond” its current form.
His projection follows the launch of NIGHT, Midnight’s native token, which officially began trading on December 9. Eligible airdrop participants received their allocations a day later.
NIGHT Market Cap Surges Past $1 Billion
According to CoinMarketCap, NIGHT currently has a circulating supply of 16.6 billion tokens, representing 69.2% of total supply, and sits at a market capitalization of about $835 million. On Bybit’s spot market, NIGHT reached a high of $0.088 on December 10, implying a market cap of roughly $1.46 billion at peak levels.
Hoskinson underscored that Midnight, once a theoretical concept, has now transformed into a “billion-dollar ecosystem.” Yet he believes this is only the starting point, stating that NIGHT is on a path toward a $10 billion valuation. He emphasized that Midnight would not remain just another Cardano Native Token (CNT) but would evolve into a more expansive, multi-chain privacy ecosystem.
More Global Exchange Listings Expected
Hoskinson also expects a wave of new exchange listings to further accelerate global access to NIGHT. In another podcast appearance, he revealed that several additional trading platforms are set to list NIGHT within the next 60 days. He specifically anticipates listings from multiple U.S.-based exchanges first, followed by international platforms.
He also highlighted that Japanese exchanges may move “aggressively” to support NIGHT trading, citing the region’s growing appetite for regulated CNT assets.
Notably, Hoskinson had predicted this listing rush even before NIGHT launched, arguing that it would become the first Cardano Native Token to receive such widespread interest. Major exchanges like Binance, Bybit, and OKX have already listed NIGHT, bringing substantial liquidity and visibility to the Midnight ecosystem.
