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.

According to @ItsDave_ADA, Cardano is advancing five parallel initiatives with significant progress reported: Leios aimed at scalability and throughput, Midgard as a layer 2 scalability effort, Starstream as a layer 2 zkVM, Amaru focused on node diversity, and Midnight centered on privacy, all cited from the source. The post frames the roadmap emphasis on scaling and privacy as current priorities, which are trading-relevant because they directly relate to capacity, fees, and application support on Cardano, as stated by the source. No timelines, testnet details, or performance metrics were disclosed in the post, source @ItsDave_ADA, X post dated Sep 22, 2025.

According to @ItsDave_ADA, the Midnight community’s block producers are collaborating to overcome numerous technical hurdles on a non-trivial task, highlighting active coordination among node operators within the Cardano (ADA) ecosystem. Source: Dave (@ItsDave_ADA) on X, Aug 31, 2025. This information is relevant for traders tracking ADA, as it evidences operational engagement around Midnight that can inform monitoring of official network progress updates before positioning. Source: Dave (@ItsDave_ADA) on X, Aug 31, 2025.