Midnight Token Surges 86% as Cardano Prepares Private Smart Contract Rollout
Midnight (NIGHT), the native token tied to the Cardano ecosystem, has seen a significant price surge. Over the last seven days, NIGHT recorded a cumulative gain of 86%, with a 17.66% rise in the last 24 hours as of October 1, 2026. The asset's price reached $0.044, marking its eighth consecutive day of price increases.
The Midnight Foundation has scheduled the v8 release to implement private smart contracts on the mainnet, followed by the v9 release focused on technical composability. According to Sebastien Guillemot, Chief Technology Officer of the Midnight Foundation, the v9 release will also be implemented this year.
The project's technical leadership has outlined two consecutive protocol upgrades. Midnight will first roll out version v8 to deploy the initial wave of private smart contracts directly onto its mainnet. Following that milestone, the team will launch version v9 to integrate composability features across decentralized applications.