Cardano’s native asset, NIGHT, skyrocketed over 72% recently. This rapid climb followed a key Binance listing announcement.
The Cardano ecosystem is seeing a new major victory. The network’s native asset, NIGHT, has experienced a sudden surge in value. The value of this impressive digital token skyrocketed by over seventy-two percent in the last twenty-four hours. As a result, it officially found its way to the coveted CoinGecko Top 100 rankings. This price action occurs after important moves from the Midnight network team.
Midnight Network’s Institutional Traction Drives Growth
Specifically, the NIGHT token is the utility and governance asset. It powers the Midnight Network, which deals with advanced data privacy. Furthermore, this fourth-generation blockchain represents a compromise between privacy and the regulatory transparency that is required. The whole system is directly based on the established Cardon infrastructure.
$NIGHT, largest Cardano Native Asset, is now TOP #100 cryptocurrency, according to CoinGecko. 📈 pic.twitter.com/jDiIniSRkO
— Cardanians (CRDN) (@Cardanians_io) December 10, 2025
First, the focus was increased following a huge announcement from the Binance exchange. They included the asset in their Alpha category. This news alone immediately caused great excitement in the community. Subsequently, Cardano’s own native token, ADA, skyrocketed more than four percent in value. The excitement in the ecosystem continues to grow.
Related Reading: Cardano Founder Signals Growth Amid Expanding Midnight Support | Live Bitcoin News
The price of one token is currently around $0.0633 USD. Importantly, the recent price increase is at a huge +72.1 percent. What is more, the overall market capitalization of the project is now over $1.04 billion. This figure very much locks its new position in the top digital assets.
The token is not directly available on Binance’s spot market yet. But there is a recent step that was very important to the trading. USD-Margined NIGHTUSDT Perpetual Contract was launched. This important contract started trading on Binance Futures on December 10, 2025. This move is suggestive of growing institutional interest.
Consequently, the 24-hour trading volume hit a significant milestone. The total volume across all of the major exchanges reached about $168.01 million. This staggering figure identifies the high volatility experienced. Similarly, it indicates tremendous investor attention on the token. The community anticipates that there will continue to be high levels of trade.
Successful Airdrop Expands Cross-Chain Engagement
In addition, the excitement followed a successful “Glacier Drop” airdrop event. In the past, eligible holders in multiple blockchains claimed tokens. Specifically, more than 4.5 billion NIGHT tokens have to be distributed. The recipient chains included Cardano, Bitcoin, and Ethereum. This general action was a strategic move.
The great scale distribution was for a greater purpose. It was called a brazen cross-chain engagement experiment. Therefore, it focused on rapidly increasing the overall user base. Furthermore, both this strategy is beneficial for the Midnight network and the broader Cardan ecosystem. The approach proved to be immediately effective.
Crucially, Midnight has major institutional support. It is combined with two top cryptocurrency custodians. These firms include Copper and Fireblocks. The integrations are making it easier for big institutions. They can handle and securely custody their NIGHT tokens without any issues. This step is needed for major exchange listings.
Ultimately, such news has given a great push. It is good for the whole Cardon ecosystem. This positive development was a contributing factor to a recent rally in the ADA price. Thus, the occasion represents a meaningful step for the project. Institutional adoption seems to be growing.