Midnight (NIGHT) — CryptoGrade Rating

Midnight remains evidence-constrained, with no grounded basis for a framework score revision

GradeVerdictScoreRankPriceMarket cap
F | FailedRed9.6 / 100#168 of 203$0.0203$337M

F | Failed means: Score below 40, or any single hard red flag. Do not own — the story is irrelevant.

Data as of Sep 15, 2026 — scores are re-evaluated daily and this snapshot refreshes on each site publish. The live app always shows current data.

What is Midnight?

Midnight is presented as a privacy-focused blockchain for applications that require public verification alongside confidential data handling. Its stated model uses selective disclosure and zero-knowledge proofs, enabling a participant to keep information private while proving relevant claims. NIGHT is the associated token, but the supplied material does not explain its supply design, governance function, fee relationship, or other value-accrual mechanics. At a high level, Midnight is positioned as a general smart-contract platform where confidentiality and controlled disclosure are central design goals, rather than optional features added around a transparent system. That positioning distinguishes it from projects described primarily through open transaction visibility or payment functions. However, the available profile does not establish live adoption, technical performance, network activity, developer participation, or ecosystem depth. The project’s operating model and token role therefore remain only partly defined in the supplied sources.

About the current assessment

The asset introduction is background information, not an assessment of current usage or evidence availability. The rating status shown above is separate from that introduction. Sign in to read the latest published assessment and its supporting research.

How this rating is produced

Every CryptoGrade rating comes from the same published, rules-based framework: six weighted dimensions produce a 0–100 composite score, hard disqualifying gates can force exclusion regardless of score, and fixed thresholds map the composite to a grade. Read the full methodology on the Framework page.

The full Midnight verdict — the investment thesis, disqualifier gate checks, per-dimension scores with provenance, on-chain usage and developer-activity signals, and the complete score history — is free with a sign-in and identical for everyone.

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