Cardano’s Night Stands Distinct from 99.9% of New Crypto Projects‬—Senior Market Analyst Tells Why

A senior market analyst has outlined why Cardano’s Midnight project and its native token, NIGHT, could stand out from the numerous crypto assets, arguing that hard-earned lessons from Cardano’s mixed execution may finally translate into a differentiated layer-one offering.

Weiss Crypto insists that skepticism is essential in the crypto industry, where most new launches fail to deliver meaningful value. That said, the platform’s senior analyst, Juan M. Villaverde, described NIGHT as a rare exception, citing its technical foundations and privacy approach as key differentiators.

Villaverde acknowledged that Cardano itself fell short of expectations despite a sophisticated design. Despite the uniqueness of its underlying technology and proof-of-stake functions, Cardano’s lack of usable applications, slow performance, and weak user adoption ultimately limited its ecosystem growth.

Even so, Villaverde noted that Cardano’s strong technical narrative was enough to drive price appreciation during prior cycles, allowing early investors to profit despite the platform’s shortcomings.

However, Midnight is a second attempt by the same research-driven team, including Input Output Global and Charles Hoskinson, to convert theory into practical utility.

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Midnight is a layer-one network that integrates zero-knowledge proofs by default, enabling private smart contracts in an ecosystem where transparency has long been the norm. According to Villaverde, this feature addresses a critical gap in crypto infrastructure, as fully private smart contract platforms have not existed at scale.

Privacy functionality is embedded directly into Midnight’s programming language and compiler, allowing developers to create private smart contracts without deep expertise in zero-knowledge mathematics. This functionality lowers barriers to adoption and preserves advanced cryptographic guarantees.

Villaverde also highlighted NIGHT’s distribution model as a positive signal. The token launched without venture capital backing, relying instead on exchange distribution, airdrops, and ongoing incentive programs. The analyst cautioned that the Cardano team’s track record is sometimes overly theoretical, while emphasizing their research excellence and the fair launch structure.

In Villaverde’s view, Midnight represents a credible opportunity to apply past lessons and deliver one of the most widely used privacy-focused layer-one networks if execution finally matches ambition.