
NIGHT is the token of the Midnight privacy ecosystem and is used for governance over protocol parameters. It generates DUST, a rechargeable gas token, and is meant to serve as validator stake for Midnight SPOs after the still pending transition from federated operation.
Founders, investors, token distribution, lockups and unlocks at a glance, with sources and dates.
Who bought when at what price, and how much is still coming to the market.
The most important risks with evidence, plus how overheated Midnight is compared with its own history.
What speaks against the project and what to watch out for.
Tokenomics, team, risks and utility – six pillars, one grade. From the COMPASS plan.
See plansNIGHT is the token of the Midnight privacy ecosystem and is used for governance over protocol parameters. It generates DUST, a rechargeable gas token, and is meant to serve as validator stake for Midnight SPOs after the still pending transition from federated operation.
With an overall grade of 3.1 (49 out of 100) across six pillars: tokenomics, team, utility, security, execution and relevance. Grades range from 1.0 (very strong) to 5.0 (very weak). The reasoning for each pillar is inside CryptoCompass.
The all-time high of NIGHT is $0.1185 (9 Dec 2025). On 22 Oct 2026, NIGHT trades at $0.0405, which is 66% below it.
No. We rate the structure of the project, not the price. A good grade says nothing about whether the price is currently cheap. Not investment advice.
We rate the structure of the project, not the price. Not investment advice. Crypto is highly risky and a total loss is possible. Price data: CoinGecko, as of 22 Oct 2026.