NIGHT Token Surges Amid Midnight Launch and Morpho Vaults Allocation
The NIGHT token has experienced a significant surge in value following two major developments. The first was the launch of Morpho's Midnight markets on Ethereum on September 8, 2026. This expansion increased the potential fee flow and user base for Midnight, which is expected to benefit NIGHT.
Additionally, news broke that Morpho Vaults will allocate funds to Midnight in Q4 2026. Morpho Vaults holds approximately $5 billion, making this allocation a substantial catalyst for NIGHT's price increase.
The launch of Midnight on Ethereum and the anticipated allocation from Morpho Vaults have built upon earlier drivers of NIGHT's growth. In late August 2026, Japanese exchange S.BLOX listed NIGHT, expanding its holder base and liquidity. A macro-driven rally on September 3, 2026, also contributed to NIGHT's surge.