Cardano's Midnight Network has successfully executed a network upgrade, marking a significant step towards its mainnet launch. The upgrade introduces a new system designed to manage future changes with minimal disruption, emphasizing long-term stability and smoother updates. Charles Hoskinson, a prominent figure in the blockchain community, referenced the project in a recent social media post, linking it to ongoing discussions about blockchain privacy. The network's native NIGHT token currently boasts a market cap of $1.59 billion, with a 2.44% price change during the reporting period.