Cardano Founder Takes Dig at XRP and SOL
Analysis
Price Impact
HighThe successful launch of the midnight network's night token, with a $4 billion trading volume and outperformance against xrp and sol, significantly boosts confidence in the cardano ecosystem. it directly challenges the 'ghost chain' narrative and highlights the potential for privacy-focused defi within cardano.
Trustworthiness
HighThe news is from a reputable crypto news outlet, quotes charles hoskinson (cardano's founder), and cites verifiable coingecko data regarding the token's trading volume and performance.
Price Direction
BullishThe strong performance of a major project within the cardano ecosystem creates positive sentiment, potentially attracting new investors and increasing demand for ada as the underlying asset supporting these innovations.
Time Effect
LongWhile the launch is immediate, the 'thawing' period, hoskinson's long-term predictions for tvl/maus, and the upcoming kūkolu phase (q1 2026) for privacy-preserving smart contracts suggest a sustained, long-term positive impact on cardano's ecosystem and adoption.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News Stunning launch Shattering "ghost chain" narrative? Advertisement Charles Hoskinson has taken to the X social media network to boast about NIGHT, the native token of the privacy-focused Midnight network, outperforming both XRP and SOL. According to CoinGecko data, the 24-hour trading volume for the red-hot token has surged to a whopping $4 billion. Stunning launch After months of anticipation, the NIGHT token officially launched on Dec. 8. It swiftly became available for trading on centrlized exchanges of the likes of Kraken, Bybit, and various Cardano DEXs. Hoskinson has described the token's debut as an incredible success. HOT Stories ‘Smartest Man Alive’ Keeps Shilling XRP, Calls It ‘Digital God’ SBI Starts XRP Lending, Shiba Inu Whale Awakens With 53 Billion SHIB Transfer, New Ethereum Hack Revealed — Crypto News Digest Crypto Market Prediction: Will Shiba Inu (SHIB) Crash Ever End? Ethereum (ETH) Already Sniffing $3,000; Bitcoin (BTC) Price Expodes in Unexpected Volume Spike 'True Currency': Did Elon Musk Just Describe Bitcoin? You Might Also Like Thu, 12/18/2025 - 09:55 'New ADA' Breaks into Top 10 by Volume, Cardano Creator Reacts to 'Incredible Success' By Gamza Khanzadaev Advertisement Midnight uses a "thawing" period, with tokens being unlocked in waves over 450 days. This keeps users actively checking, claiming, and trading small amounts constantly. Shattering "ghost chain" narrative? The "frenzy" contradicts the oft-repeated "ghost chain" narrative that has plagued Cardano. It should be noted that the network is mostly in a "bootstrap" phase. The upcoming Kūkolu Phase is expected to happen in the first quarter of 2026. Privacy-preserving smart contracts will actually go live during the implementation of this phase. Advertisement Hoskinson predicts massive TVL (total value locked) and MAUs (monthly active users) since he is confident that privacy solves the biggest problems currently plaguing DeFi. "When Midnight turns on, imagine the 12-month rolling average TVL, transactions, and MAUs. A lot of people want private prediction markets, stablecoins, and DEXes," he said. For instance, you can place a massive bet without revealing your identity or the exact size of your position. A "regulatory-friendly" private stablecoin allows for digital cash that is private to the public but still compliant for audits. #Cardano News #Solana News #Charles Hoskinson