Cardano's Midnight (NIGHT) token has achieved a significant milestone, reaching a $1 billion market cap within its first week of trading. As of December 18, 2025, NIGHT ranks 56th in the cryptocurrency market, with over 133,000 transactions recorded. Charles Hoskinson, a key figure in the Cardano ecosystem, hailed the launch as an "incredible success." The token has also seen impressive trading activity, with a 24-hour volume of $1 billion and over 408,000 transactions. Additionally, the network boasts a 6-second average block time, highlighting its efficiency and potential for scalability.