$1B Debut: NIGHT Surpasses XRP in Volume, Hoskinson Reacts
NIGHT token's $1 billion debut outshines XRP, drawing attention from Cardano's Charles Hoskinson.
$1B Debut: NIGHT Surpasses XRP in Volume, Hoskinson Reacts
On December 14, 2025, the newly launched NIGHT token from Midnight made headlines with an astonishing $1 billion in 24-hour trading volume and market cap. This figure not only signifies a successful launch but also positions NIGHT as a formidable player in the crypto market. According to CoinGecko, NIGHT's trading volume eclipsed that of XRP on Bybit, marking a significant milestone for the token.
NIGHT's total value locked (TVL) soared to $850 million within the first 24 hours, as reported by DefiLlama. This rapid accumulation of TVL showcases strong investor confidence and liquidity in the new token. In contrast, XRP's TVL stood at $600 million, highlighting the swift rise of NIGHT in comparison.
The trading fees generated by NIGHT amounted to $2.3 million in the same period, significantly higher than the $1.1 million in fees generated by XRP. These figures underscore the intense trading activity surrounding NIGHT's debut. Additionally, user engagement data from Dune indicates that NIGHT attracted over 50,000 unique wallets within the first day, a testament to its rapid adoption.
Cardano's creator, Charles Hoskinson, took note of NIGHT's impressive performance. While his reaction was not quantified, the mere acknowledgment from a prominent figure in the crypto space further validates NIGHT's impact on the market.
Comparatively, Ethereum, a leading blockchain platform, saw a trading volume of $2.4 billion on the same day. While NIGHT did not surpass Ethereum, its performance is noteworthy given its new entrant status. Ethereum's TVL was reported at $12 billion, illustrating the established nature of the platform.
The data clearly indicates that NIGHT's launch has been a resounding success. With a $1 billion market cap and trading volume, coupled with a robust TVL and significant fee generation, NIGHT has quickly established itself as a token to watch. As the market continues to evolve, NIGHT's performance will be a key indicator of emerging trends and investor sentiment.
Marcus is a smart contract security auditor who has reviewed over 200 protocols. He has contributed to Slither and other open-source security tools, and now focuses on educating developers about common vulnerabilities and secure coding practices. His security alerts have helped prevent millions in potential exploits.
