Cardano’s NIGHT Will Be Bigger Than Zcash: Charles Hoskinson

Charles Hoskinson has argued that Cardano’s Midnight network will eventually eclipse Zcash, citing developments including private agents, selective disclosure, and a DeFi kernel designed to work across major chains.

His claim comes as Zcash trades far above its level from a year ago, while Midnight’s NIGHT token remains nearly 78% below its all-time high.

Midnight’s Privacy and DeFi Design

In a September 28 post on X, Hoskinson quoted ratings provider Weiss Crypto, which had earlier suggested that NIGHT has a good chance of becoming “one of the best plays of the next 24 months.” He contended that Midnight will be “bigger than Zcash,” then laid out what the privacy-focused blockchain developed by Input Output, the same team behind Cardano, has got going for it.

“Selective disclosure, Private Agents, abstraction with a DeFi Kernel for all major chains,” wrote the developer.

He also mentioned three privacy techniques the network was working on, including zero-knowledge proofs, trusted execution environments, and multi-party computations, and linked Midnight’s planned architecture to Cardano’s 24/7 network uptime and the Leios upgrade.

The market data currently shows a wide gap between the two assets. NIGHT was trading near $0.027 at the time of writing, up over 2% in the last 24 hours and more than 9% in the past week. It also gained close to 30% across a fortnight and well over 36% in 30 days.

Zcash, meanwhile, was trading at around $1,600, an almost 7% dip in 24 hours, although it was up over 2% across seven days and nearly 36% over two weeks. The privacy coin’s one-month run was also better than NIGHT’s, after it gained 93% in that period, while remaining 2,660% higher than where it was a year ago.

Midnight is sitting about 77.5% below its record of close to $0.12 from December 9, 2025, while ZEC is about 51% under its own ATH of $3,191.

Looking at trading volume, it is about $14 million for NIGHT, an increase of 43% from one day ago, against roughly $1 billion for ZEC, which represents a 24% drop from what changed hands yesterday.

Mixed Fortunes for NIGHT and ZEC

NIGHT fell more than 43% on July 21 to record a low near $0.016 after 290 million tokens were dumped in the market following a withdrawal from a Wanchain bridge contract, with the Midnight Foundation stating that the network was not hacked.

On its part, Zcash topped $1,600 last week for the first time since 2016, then slid as the wider market fell, with analyst Crypto Patel arguing that a cup-and-handle pattern suggests the $1,600 to $2,000 range could be a local top, with a drop below $500 possible within one to three years.

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