$9 Billion in 24 Hours: Cardano's 'New ADA' Outpaces XRP

On the Cardano community X account, Cardanians spotlight the latest milestone achieved by Cardano native token Midnight ($NIGHT).

$NIGHT saw about $9 billion in trading volume over the last 24 hours. According to a screenshot posted by Cardanians, $NIGHT ranked as the fourth-most-traded cryptocurrency, after Tether, Bitcoin and Ethereum, to surpass other major cryptocurrencies, including $XRP, USDC and Solana.

"$NIGHT is now up to $9B trading volume in the past 24 hours. Cardano Native Asset making numbers, nice to see," Cardanians wrote in its tweet.

At press time, $NIGHT's trading volume, according to CoinMarketCap, had slightly declined to $8.38 billion, with 79.3 billion $NIGHT traded in the last 24 hours. This surpasses $XRP's trading volume of $2.15 billion in the said period.

Binance, Bybit and Kraken recently introduced trading pairs for Midnight, contributing to a surge in spot trading volumes.

At press time, Midnight was outperforming several tokens in the top 100 cryptocurrencies by market capitalization in daily and weekly gains. $NIGHT is up 12.38% in the last 24 hours to $0.10 and up 63% weekly.

$NIGHT rose for six days at a stretch, seeing a sharp increase by as much as 40% on Sunday, when it reached a high of $0.119.

Midnight’s performance reflects growing interest in privacy infrastructure, a narrative that has seen privacy tokens Zcash and Monero rally this year.

Cardano advances into 2026

Launched earlier this month, Midnight aims to provide Cardano with a programmable privacy layer using zero-knowledge proofs, separating public and private data.

Midnight launched with a cross-chain allocation model that distributes 100% of $NIGHT’s 24 billion-token supply across eight major ecosystems, including Bitcoin, Ethereum, Solana, $XRP, BNB Chain and Cardano.

With recent developments, Cardano now enters 2026 with increasing activity and a bigger DeFi footprint, making the next few months crucial to watch.