Cardano (ADA) founder Charles Hoskinson has given a clear response to claims that his new project and token, NIGHT, will replace ADA.
Hoskinson argued that these discussions missed the point, asserting that NIGHT was designed to expand the Cardano ecosystem, not to replace ADA.
Hoskinson stated, “NIGHT will not replace ADA,” adding that the idea of selling ADA and switching to NIGHT presents a misleading framework. He explained that the NIGHT token powers Midnight, Cardano’s new privacy-focused network, but this structure does not compete with Cardano’s main economic and governance hub, ADA.
According to Hoskinson, Midnight will play a strategic role in privacy-focused use cases expected to grow rapidly in the coming years. The Cardano founder stated that he predicts $10 trillion in real-world assets (RWA) will be created in the blockchain sector by 2035, and that he aims for a large portion of these assets to be located on Midnight. He also expressed his desire for private decentralized exchange (DEX) transactions, confidential prediction markets, and similar privacy-requiring applications to primarily operate within the Midnight ecosystem using the NIGHT token.
*This is not investment advice.
