Midnight Launch New Phase in Cross-Chain Crypto Innovation

• Midnight begins a multi-phase rollout and introduces new privacy-focused technology.
• Hoskinson highlights a fair-launch model with no ICO and no insider allocations.

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Charles Hoskinson used a recent livestream on December 9 to outline how Midnight is accelerating after its long-anticipated launch, calling the network a next-generation privacy stack built for multiple ecosystems. He said the initiative moves Cardano into what he calls a fourth generation of cryptocurrency.

Congratulations Midnight https://t.co/MsdgiQyCoW

— Charles Hoskinson (@IOHK_Charles) December 9, 2025

The first phase has gone live, and additional components are expected to come in the coming months. These include the federated mainnet, the incentivized testnet, and support for hybrid decentralized applications. Moreover, he stressed that Midnight sits above any single network.

Users from Ethereum, Solana, Avalanche, Binance Smart Chain, and even Bitcoin will be able to adopt its privacy features. Interest has climbed quickly. Hoskinson noted rising activity across Discord, expanding ambassador participation, and early enthusiasm from developers in multiple ecosystems.

Moreover, Midnight’s token distribution followed a structure he framed as “Bitcoin-like” in fairness. There was no ICO, no venture capital allocation, and no insider supply. Instead, tokens circulated through public mechanisms such as the Glacier Drop, a scavenger hunt, and exchange distribution. 

He characterized the effort as a response to a rising sense that parts of the digital-asset market have become increasingly centralized. Yet he said the outcome shows that a fair distribution still resonates with builders who want open participation and transparent governance. 

Midnight Privacy Technology Shapes the Next Buildout

Over the next nine months, Midnight plans to introduce features Hoskinson called industry-first capabilities. These include hybrid applications that can operate across multiple chains, multi-resource consensus systems, post-quantum safeguards, and advanced zero-knowledge technologies designed to restore user privacy. 

He called on developers to begin building immediately, noting opportunities in gaming, NFTs, token creation, and new categories of decentralized applications. Participation, he argued, will determine how effectively Midnight scales beyond its launch phase.

Hoskinson closed by saying the next nine months will be decisive as engineering teams deliver upgrades that push the network closer to its long-term vision. He described the launch as the culmination of more than six years of work and said the coming developments will define Midnight’s role in the evolving multi-chain landscape.

Midnight Listing across exchanges

Midnight’s ecosystem expanded quickly this week as multiple exchanges prepared to support NIGHT, the network’s privacy-focused token. Momentum accelerated after Binance Wallet revealed that Binance Alpha would feature NIGHT. 

Major platforms, including Bybit, OKX, Gate.io, and HTX, have confirmed that they will list NIGHT simultaneously. Data from DeFi Llama shows that the network hosts around 61 dApps, and the total value locked recently fell by more than 24% to roughly $202 million.

The stablecoin supply remains limited, at approximately $39 million, which is far below that of its peers that benefit from deeper liquidity and stronger oracle integrations.