Cardano Creator Reacts to 'New ADA' $1 Billion Day as XRP Falls Behind

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News A token for Cardano’s privacy-focused network, Midnight (NIGHT), entered active market trading, recorded more than $1 billion in 24-hour volume and market cap, even ranking ahead of XRP by turnover on Bybit. Advertisement Of course, the main man behind Cardano , Charles Hoskinson, reacted to the astonishing milestone, though in a laconic manner, saying that $1 billion in volume is an "absolutely remarkable" achievement for a new token. Now to NIGHT, which traded at around $0.069 across major exchanges, pushing its market capitalization above $1 billion. The volume-to-market-cap ratio currently stands at 96.5%, so to say that the trading activity for the token many may see as the "new ADA" is hot is to underestimate it. HOT Stories Schiff Jumps on Saylor's McDonald's Pic Crypto Market Prediction: XRP's Engines Are Hot Enough for a Rally, Ethereum (ETH): One More Price Surge Attempt, Shiba Inu (SHIB) Does Not Want to Stop at $0.000008 Important Date for XRP Holders Revealed, Bitcoin OG Bets $392 Million on Ethereum, Dogecoin Jumps 61% in Volume — Crypto News Digest Ripple CEO Reacts to Bank Charter Approval, Slams Banking Lobby 1 billion volume. Absolutely remarkable pic.twitter.com/Nrk7ZJ9eR2 — Charles Hoskinson (@IOHK_Charles) December 14, 2025 As was mentioned above, Bybit, the second largest cryptocurrency exchange in the world, alone accounted for over $650 million in turnover, with Binance , Alpha, OKX, KuCoin and Gate following close behind. This confirms that the activity was widespread, not isolated. Advertisement You Might Also Like Fri, 12/12/2025 - 15:52 Cardano Hit With Death Cross Amid Market Indecision: Key Targets By Tomiwabold Olajide Midnight is not marketed as a meme or a short-term narrative asset. It is positioned as a programmable privacy network built on zero-knowledge proofs, dual-ledger architecture and selective disclosure tooling aimed at enterprises, identity systems and compliant DeFi. Advertisement NIGHT price chart reflects hype After trading below $0.05 for most of the session, NIGHT surged into the $0.07 zone in a near-vertical move, then entered a consolidation band between $0.066 and $0.071. For traders, the $1 billion print indicates that Midnight has joined the conversation about liquidity with top-tier Layer-1 ecosystems. For developers, it suggests an early commitment of capital ahead of mainnet tooling and the rollout of zero-knowledge (ZK) applications. For Cardano itself, Midnight’s breakthrough redefines the ecosystem as a multi-network stack in which privacy, compliance and scalability can coexist without compromises. #Cardano News #Cardano #Charles Hoskinson #XRP