According to @ItsDave_ADA, Midnight (NIGHT) recorded over $5.3B in 24-hour trading volume, surpassing Solana (SOL), XRP, and USDC over the same period. Source: https://twitter.com/ItsDave_ADA/status/2002704863709245896 The token is described as a Cardano-native asset and the utility token of the Midnight fourth-generation blockchain, offering programmable, selective privacy. Source: https://twitter.com/ItsDave_ADA/status/2002704863709245896 For traders, a 24-hour volume at this scale typically coincides with deeper liquidity and tighter spreads, which can reduce execution slippage. Source: https://www.investopedia.com/terms/v/volume.asp Because headline volume can be inflated, validating venue distribution and order-book depth is critical before sizing positions. Source: https://blog.kaiko.com/what-is-liquidity-in-crypto-markets-6d5828211f7c