fxcryptonews.com
Charles Hoskinson, the founder of Cardano, has celebrated a major achievement for the Midnight Network (NIGHT) tokens launched through the Glacier airdrop. In a post on X, Hoskinson expressed excitement over the project’s rapid adoption.
Within 24 hours of launch, Midnight recorded remarkable engagement. Hoskinson revealed, “Already 11,000 redemptions for 250,000,000 NIGHT! I’m blown away by the progress.” This response highlights strong community support for Cardano Midnight, a layer-2 solution built on the Cardano protocol.
Already 11000 redemptions for 250,000,000 night! I'm blown away by the progress
— Charles Hoskinson (@IOHK_Charles) August 6, 2025
Adoption Shows Room for Growth
Although some may view 11,000 redemptions as modest, Hoskinson believes adoption will continue to grow. Many users are still learning how to redeem their tokens. Some have reported difficulties, particularly with Ledger wallet integration. The development team is addressing these concerns to simplify the process.
Related article: Charles Hoskinson Clarifies Midnight’s Privacy After Seizure Allegations
Hoskinson remains confident that the Midnight Network’s utility can reach billions of users worldwide. He sees it as a transformative project that could reshape privacy and data protection in decentralized applications.
Previously, Hoskinson highlighted a partnership between Midnight and Brave Wallet. The collaboration aims to enable Brave Ads and Brave VPN to leverage Cardano’s zero-knowledge technology. This integration could help Brave generate revenue while enhancing user privacy.
Cardano Community Advances Decentralized Governance
Meanwhile, the Cardano community has taken a historic step toward decentralized governance. ADA holders recently voted to approve funding for core development directly. This move empowers the community to sustain and upgrade the network.
Related article: Charles Hoskinson Confirms Cardano’s Integration with Near Protocol Intents
The approved funding will support improvements in scalability, interoperability, and developer tools. This progress reflects Cardano’s broader mission to enhance blockchain efficiency and usability.Despite these milestones, ADA’s price remains under pressure. At the time of writing, ADA trades at $0.7225, marking a 1.92% drop in 24 hours. Trading volume also fell 3.77% to $891.3 million as market participants reduced activity.
With growing community engagement, strategic partnerships, and decentralized governance, Cardano continues to strengthen its ecosystem. If adoption of Midnight Network accelerates, it could pave the way for broader utility and potential price recovery.