What is NIGHT token market overview: ranking, supply, trading volume and liquidity in 2026

NIGHT Token Price at $0.07883 with $343,937 24-Hour Trading Volume

The NIGHT token is trading at $0.07883 with a 24-hour trading volume of $343,937, representing the current market valuation for Midnight Network's native cryptocurrency. This price reflects recent market conditions as of early February 2026, positioning NIGHT within the broader cryptocurrency landscape where price discovery occurs continuously across multiple trading venues. NIGHT functions as both the utility and governance token of the Midnight Network, Charles Hoskinson's privacy-focused Layer 1 blockchain, which distinguishes it from typical utility tokens.

The 24-hour trading volume of $343,937 demonstrates moderate liquidity for the token, though this figure can fluctuate significantly depending on market conditions and trading activity across major exchanges like gate and others. Historically, NIGHT has experienced notable volatility, having reached highs near $0.12 while trading as low as $0.0337 within recent months, contextualizing the current price within a volatile trading range. The token's market capitalization and trading patterns suggest investor interest in privacy-focused blockchain solutions, particularly as the Midnight Network develops its ecosystem. Traders monitoring NIGHT should consider both the intraday volume metrics and broader price trends when evaluating market opportunities for this privacy-oriented cryptocurrency.

Circulating Supply of 16.61B NIGHT and Market Cap Ranking Analysis

Midnight's NIGHT token maintains a circulating supply of 16.61 billion coins out of a maximum supply of 24 billion, creating a supply ratio that influences its market valuation. As of early 2026, this circulating supply of NIGHT positions the token with a market capitalization ranging around $836 million to $896 million USD, depending on current price movements. The market cap calculation—derived by multiplying the circulating supply by the token's current price—reflects NIGHT's standing in the competitive cryptocurrency landscape.

The token's market cap ranking places it at approximately #100 among all cryptocurrencies, a position that underscores its significance within the mid-tier digital asset category. This ranking is calculated based on circulating market capitalization rather than fully diluted valuation, which is the standard methodology used by major market tracking platforms. The distinction matters considerably, as the remaining 7.39 billion unissued tokens represent approximately 30.8% of the maximum supply, indicating potential future dilution. Understanding this circulating-to-maximum supply dynamic is essential for investors assessing NIGHT's long-term valuation potential and market positioning within the broader cryptocurrency ecosystem.

Trading Liquidity and Exchange Coverage Across Major Platforms

NIGHT token has achieved widespread market accessibility through listings on fifteen major centralized exchanges, establishing robust trading liquidity across the crypto ecosystem. Leading platforms including Binance, OKX, Kraken, KuCoin, and Bybit dominate NIGHT's trading volume, with OKX recording the highest 24-hour trading volume at $27.02 million, followed closely by Binance at $16.04 million and Kraken at approximately $20.5 million. These substantial volumes indicate strong market participation and demonstrate the token's appeal to institutional and retail traders alike.

Beyond the traditional exchange giants, NIGHT expanded its reach in December 2025 through strategic listings on gate, LCX, Swing, and eToro, further enhancing accessibility for diverse trader demographics. The token primarily trades in USDT pairs across these platforms, with USD and EUR fiat trading available on select exchanges including Kraken and Binance, enabling direct on-ramps for institutional capital.

Liquidity metrics reveal healthy market depth, with Binance maintaining $876.81 thousand in liquidity and noticeably tighter bid-ask spreads compared to smaller exchanges. Increased order book depth across major venues has significantly reduced trading friction, while slippage estimates suggest that $10,000 trades typically experience 2–5% price impact, with larger transactions encountering proportionally higher slippage. This liquidity profile positions NIGHT competitively within the 2026 cryptocurrency market.

FAQ

What is NIGHT token? What are its uses and functions?

NIGHT is the native token of Midnight blockchain, serving governance, rewards, and security functions. It enables multi-chain expansion and privacy protection, with growing future applications as the platform develops.

What is NIGHT token's market ranking in the cryptocurrency market in 2026?

NIGHT token's 2026 market ranking depends on various factors including adoption, trading volume, and market conditions. Currently, NIGHT maintains a growing position within mid-tier altcoins, with potential for advancement based on ecosystem development and user growth throughout 2026.

NIGHT token的总供应量和流通供应量分别是多少？

NIGHT token的总供应量为24亿，流通供应量为16.607亿，流通率约69.2%。

What is the daily average trading volume of NIGHT token? On which exchanges can it be traded?

NIGHT token's daily average trading volume reaches approximately 2.14 million USD, with OKX being the primary exchange offering active trading pairs like NIGHT/USDT. The token is available on multiple centralized exchanges for trading.

NIGHT token的流动性如何？主要交易对是什么？

NIGHT token maintains strong liquidity with NIGHT/USDT as the primary trading pair. This ensures efficient transactions and optimal pricing for traders seeking exposure to the token.

NIGHT token compared to similar tokens, what are its advantages and disadvantages?

NIGHT token's advantages include privacy protection combined with regulatory compliance, distinguishing it from Monero and Zcash. It benefits from Cardano ecosystem support. Disadvantages include lower market recognition and liquidity compared to established privacy coins.

What are the main factors affecting NIGHT token price and market performance?

NIGHT token price is primarily influenced by its unlock schedule, with 82% currently locked and releasing 25% quarterly from December 2025 to December 2026. Market demand, investor sentiment, and trading volume also significantly impact price movements.