Cardano's Midnight Privacy Chain Secures Binance Listing Ahead of Launch

Edgen Crypto

·Mar 30 2026, 15:41

Share to

Share to

Copy link

Key Takeaways

Cardano has launched Midnight, a privacy-focused public chain backed by approximately $200 million, to enhance its ecosystem with confidentiality features. The project aims to address long-standing challenges of privacy and compliance, potentially attracting new developers and enterprise users who require data protection.

Cardano's privacy-centric public chain, Midnight, officially launched this week with ~$200 million in financial backing from founder Charles Hoskinson.
Binance will list the Midnight (NIGHT) token on March 31 at 8:00 UTC, providing immediate market access and liquidity for the new asset.
The project seeks to address Cardano's low network adoption, where it generates just $1,577 in daily fees compared to Ethereum's $77,000.

Midnight Secures Binance Listing Ahead of Mainnet Launch

The Cardano ecosystem's privacy-focused public chain, Midnight, officially launched on Monday, with its native token (NIGHT) securing a listing on major cryptocurrency exchange Binance. The exchange announced it will open trading for the NIGHT/U pair on March 31 at 8:00 UTC, a move that provides significant initial liquidity and trading access for the new asset. Midnight will first launch in a federated model, with select partners running the network to ensure stability before a transition to full decentralization.

$200M Upgrade Aims to Fix Cardano's Usage Gap

Backed by approximately $200 million from Cardano founder Charles Hoskinson, Midnight is engineered as a complementary network to solve critical privacy and compliance issues. The project has been in development for over six years and aims to integrate advanced confidentiality features directly into the ecosystem. Hoskinson described the functionality as bringing a new capability to the market.

...the first time ever that you kind of get Zcash with smart contracts.

— Charles Hoskinson, Founder, Cardano.

This strategic upgrade directly confronts one of Cardano's main challenges: a persistent gap in network adoption and fee generation. Despite recent bullish catalysts, including a record 520 million ADA locked in DeFi, Cardano's network processed only $1,577 in fees over a recent 24-hour period. This stands in stark contrast to Ethereum, which generated over $77,000 in the same period with more than 20 times the number of daily active wallets. The launch of Midnight is a calculated effort to attract developers and users requiring confidential transactions, potentially driving on-chain activity and closing this gap.