Midnight Price Surges 74% in Seven Days Amid Ecosystem Expansion
Midnight's price has risen sharply following its transition to permissionless smart contract deployment.
- Midnight price jumped 7.64% in 24 hours and 74% over seven days.
- The network's shift to permissionless smart contracts is a key catalyst.
- Midnight's market cap now stands at $830.47M.
Midnight (NIGHT) has seen a significant price increase, rising 7.64% in the past 24 hours and 73.99% over the last seven days, with its price reaching $0.04999475. This surge follows the network's transition to permissionless smart contract deployment, which has added a new layer of functionality and potential for ecosystem growth.
The move to permissionless smart contracts is expected to attract more developers and projects to the Midnight network, potentially driving further adoption and usage. This development comes as the broader crypto market remains relatively flat, with a total market cap of $3 trillion and a Fear & Greed index of 73, indicating a sentiment of 'Greed' among investors.
Tether (USDT), the largest stablecoin by market cap, has seen a slight increase in its circulating supply, now at $184.15 billion according to DeFiLlama. USDT's price remains stable at $0.999833, with minimal changes over the past day and week.
The combination of Midnight's price increase and network upgrade suggests growing interest and confidence in the project. As the broader market remains stable, Midnight's performance stands out, potentially attracting more attention from investors and developers alike.
The transition to permissionless smart contracts could position Midnight as a more attractive platform for decentralized applications, which may contribute to its long-term growth and adoption.
At today's peer-to-peer rate, 1 USDT ≈ ₦1,367.97 (about $0.9999), up 0.0% over 24 hours. The naira itself trades about 2.8% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 6, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Tether — questions
How much is 1 Tether worth in naira today?
About ₦1,367.97 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.9999. The naira price moves with both USDT's US-dollar price and the USDT/NGN rate; use our Tether in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto.news. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.