Users and developers interact with the protocol by writing and deploying confidential smart contracts using Midnight's Compact language and sending private transactions with zero-knowledge proofs.

Midnight is a privacy-first Layer 1 blockchain that blends public verifiability with confidential data handling. It uses zero-knowledge proofs (ZK-SNARKs) and selective disclosure to enable applications that verify correctness without revealing sensitive data. Midnight operates as a partner chain to Cardano and is designed for building confidential smart contracts using its Compact language and the Kachina protocol.

Midnight is developed by Input Output Global (IOG), the company behind Cardano.

website

twitter

Blockchains (L1)

Midnight

# Fully diluted market cap Methodology

## Overview

Fully diluted market cap measures the project’s valuation assuming full dilution. It is calculated as the token price multiplied by the total supply, as defined in the project’s current token economics; including tokens that are circulating, locked, unvested, or set to be issued.

Project valuation based on token price times total supply.

MidnightNIGHT

Maintenance

Fully diluted market cap

Fully diluted market cap

Competitive landscape