According to @ItsDave_ADA, Midnight implements a dual-token design where NIGHT is the tradable value asset that generates DUST, and DUST is the transaction resource for the network. Source: @ItsDave_ADA; Midnight whitepaper. The Midnight whitepaper states that DUST is non-transferable between addresses and decays when detached from the NIGHT that produced it, making DUST a pure utility resource rather than a tradable privacy coin. Source: Midnight whitepaper; @ItsDave_ADA. For traders, this concentrates economic exposure in NIGHT because transaction fuel (DUST) cannot be speculated on or hoarded independently, aligning value accrual with NIGHT holdings and network usage. Source: @ItsDave_ADA; Midnight whitepaper. Ethereum’s base layer uses ETH as both the value asset and gas, while @ItsDave_ADA argues that separating those roles would require deep protocol changes that could break existing assumptions in contracts. Source: ethereum.org; @ItsDave_ADA. This compliance-oriented, non-transferable gas model implies privacy and transaction demand translate primarily into NIGHT demand rather than a secondary gas market, a dynamic traders should monitor for pricing and liquidity impacts. Source: @ItsDave_ADA; Midnight whitepaper.