Cardano's Midnight (NIGHT) Token Surpasses $1 Billion Market Cap in First Week

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The cryptocurrency market saw a major move as the Midnight (NIGHT) token on Cardano hit a $1 billion market cap within a week. As of December 18, 2025, NIGHT ranks 56th, with over 133,000 transactions. Charles Hoskinson called the launch an "incredible success." The token recorded $1 billion in 24-hour volume, over 408,000 transactions, and a 6-second average block time.
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