Cardano's decentralized finance (DeFi) ecosystem is drawing increased attention as the Midnight (NIGHT) token experiences a significant surge. Trading volume for NIGHT reached $420 million on centralized exchanges, while Cardano-based decentralized exchanges (DEXs) reported $4.3 million in trading volume, surpassing other assets on the platform. Charles Hoskinson, a key figure in the Cardano community, highlighted the rising network activity but emphasized the importance of integrating stablecoins and cross-chain bridges to fully realize Cardano's potential in the DeFi space.