Midnight

DeFi

Wanchain

Zcash

Kernel

Charles Hoskinson has argued that Cardano’s Midnight network will eventually eclipse Zcash, citing developments including private agents, selective disclosure, and a DeFi kernel designed to work across major chains.
His claim comes as Zcash trades far above its level from a year ago, while Midnight’s NIGHT token remains nearly 78% below its all-time high.
<h2 id="midnight-s-privacy-and-defi-design">Midnight’s Privacy and DeFi Design</h2>
In a September 28 post on X, Hoskinson <a href="https://x.com/IOHK_Charles/status/2104365667722133640?s=20" rel="noopener noreferrer nofollow">quoted</a> ratings provider Weiss Crypto, which had earlier suggested that NIGHT has a good chance of becoming “one of the best plays of the next 24 months.”&nbsp;He contended that Midnight will be “bigger than Zcash,” then laid out what the privacy-focused blockchain developed by Input Output, the same team behind Cardano, has got going for it.
<blockquote>
 “Selective disclosure, Private Agents, abstraction with a DeFi Kernel for all major chains,” wrote the developer.
</blockquote>
He also mentioned three privacy techniques the network was working on, including zero-knowledge proofs, trusted execution environments, and multi-party computations, and linked Midnight’s planned architecture to Cardano’s 24/7 network uptime and the Leios upgrade.
The market data currently shows a wide gap between the two assets. NIGHT was trading near $0.027 at the time of writing, up over 2% in the last 24 hours and more than 9% in the past week. It also gained close to 30% across a fortnight and well over 36% in 30 days.
Zcash, meanwhile, was trading at around $1,600, an almost 7% dip in 24 hours, although it was up over 2% across seven days and nearly 36% over two weeks. The privacy coin’s one-month run was also better than NIGHT’s, after it gained 93% in that period, while remaining 2,660% higher than where it was a year ago.
Midnight is sitting about 77.5% below its record of close to $0.12 from December 9, 2025, while ZEC is about 51% under its own ATH of $3,191.
Looking at trading volume, it is about $14 million for NIGHT, an increase of 43% from one day ago, against roughly $1 billion for ZEC, which represents a 24% drop from what changed hands yesterday.
<h2 id="mixed-fortunes-for-night-and-zec">Mixed Fortunes for NIGHT and ZEC</h2>
NIGHT <a href="https://cryptopotato.com/cardanos-night-hits-all-time-low-after-290m-token-dump/" rel="noopener noreferrer nofollow">fell</a> more than 43% on July 21 to record a low near $0.016 after 290 million tokens were dumped in the market following a withdrawal from a Wanchain bridge contract, with the Midnight Foundation stating that the network was not hacked.
On its part, Zcash <a href="https://cryptopotato.com/zcash-tops-1600-after-europes-first-zec-etp-debuts/" rel="noopener noreferrer nofollow">topped</a> $1,600 last week for the first time since 2016, then slid as the wider market fell, with analyst Crypto Patel arguing that a cup-and-handle pattern suggests the $1,600 to $2,000 range could be a local top, with a <a href="https://cryptopotato.com/zcash-zec-slips-8-daily-heres-why-one-analyst-believes-the-price-could-crash-to-200/" rel="noopener noreferrer nofollow">drop</a> below $500 possible within one to three years.
The post <a href="https://cryptopotato.com/cardanos-night-will-be-bigger-than-zcash-charles-hoskinson/" rel="noopener noreferrer nofollow">Cardano’s NIGHT Will Be Bigger Than Zcash: Charles Hoskinson</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Cardano’s NIGHT Will Be Bigger Than Zcash: Charles Hoskinson

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