
Midnight NIGHT
Midnight leads thanks to its market ecosystem and roadmap delivery performance, with economic models remaining the main focus, currently holding a D- rating.
Sector Rank #114 · Global Rank #1270
Overall Rating
D- · 25.69 / 100Midnight has an overall rating D-f D (total 25.69), ranking high in market ecosystem, roadmap delivery, and team governance across six dimensions. The main point of deduction is the economic model (0 points) — mainly affected by chip concentration (0 points) and short- to medium-term selling pressure (0 points).
Rating Team Conclusion: "Midnight has relative advantages in market ecosystem, roadmap delivery, and team governance, but its current weakness is concentrated in its economic model. " It is recommended to observe cautiously and not use it as a core configuration basis for now.
Six-Dimension Rating Breakdown
Roadmap Delivery
36.75/100Roadmap On Time Delivery Rate?Lack of public roadmaps and on-time data delivery.Weight 35%Insufficient data · 35 / 100
Last 4 upgrades achieved?There is a lack of detailed information about recent upgrade deliveries.Weight 30%Insufficient data · 35 / 100
Milestones to Deliver?Lack of publicly available milestone information to be delivered.Weight 20%Insufficient data · 40 / 100
History Extension Record?Lack of public records of historical extensions.Weight 15%Insufficient data · 40 / 100
Technical Implementation
46.5/100Consensus Mechanism?Based on Cardano and BNB Chain, it adopts a mature PoS consensus mechanism.Weight 30%PoS (Proven) · 85 / 100
Main network years of operation?The mainnet has been running for a short time, and the project is still in its early stages.Weight 15%About 0.5 years · 30 / 100
Recent upgrades?Lack of detailed information and quality assessment of recent upgrades.Weight 35%Insufficient data · 30 / 100
Client Diversity?Lack of client-side diversity data poses risks of centralization.Weight 20%Insufficient data · 30 / 100
Tokenomics
0/100Deflationary Mechanism?Tokens can be issued in additional quantities, but there is no clear deflationary mechanism.Weight 30%&None · 0 / 100
Inflation rate?Tokens can be issued in additional quantities, posing potential inflation risks.Weight 25%There is a risk of additional issuance · 0 / 100
Staking rate/position lock-up rate?Staking or lock-up rates are extremely low, token liquidity is high, and selling pressure is high.Weight 25%Very Low · 0 / 100
Supply Upper Limit?Although there is a nominal cap, tokens can be issued in additional minting, making the cap virtually meaningless.Weight 20%24 billion (additional issuance possible) · 0 / 100
Team Governance
29/100Core Development Team?Limited background information of the core team, insufficient data on development activity.Weight 30%Moderate team background · 40 / 100
Governance mechanisms?Lack of transparent governance mechanisms and transparent data.Weight 25%Insufficient data · 30 / 100
Financial Transparency?Lack of detailed information on fund usage and transparency.Weight 25%Insufficient data · 30 / 100
Concentration of key people?Token holding is highly concentrated, posing single-point risk.Weight 20%Extremely high · 10 / 100
Market Ecosystem
53.09/100Active Address?The number of active addresses is performing well and user engagement is high.Weight 30%95.29 / 100 · 95.3 / 100
Ecological chain/L2 quantity?The project is deployed on two mainstream public chains and possesses certain cross-chain capabilities.Weight 25%2 · 70 / 100
DeFi TVL?Lack of DeFi TVL data from the project's own ecosystem, resulting in low cross-chain liquidity.Weight 25%Insufficient data (low ecosystem TVL) · 20 / 100
Developer community?Developer activity is trending at zero, and community engagement needs improvement.Weight 20%Low activity · 10 / 100
Security & Compliance
0/100Historical Major Failure?Tokens can be issued additionally, posing a serious risk of permission leakage.Weight 25%There is a potential risk of permission leakage · 0 / 100
Regulatory Attitude?The nature of the privacy chain and centralization risks may face regulatory challenges.Weight 30%Leaning cautious (privacy chain + centralized risk) · 0 / 100
Sec Attitude?The privacy chain nature and centralization risks may face SEC scrutiny.Weight 30%Leaning cautious (privacy chain + centralized risk) · 0 / 100
Client Bug Frequency?Data is lacking, but given the overall security risks, a conservative assessment is made.Weight 15%Insufficient data (high potential risk) · 0 / 100
D- Peer Comparison
Export CSV MidnightD- · 25.69 | RogueD- · 26.66 | GaiAID- · 26.65 | Artificial Superintelligence AllianceD- · 26.64 | |
|---|---|---|---|---|
| Overall Score | 25.69 | 26.66 | 26.65 | 26.64 |
| Roadmap Delivery | 37.5 | 37.5 | 37.5 | 37.5 |
| Technical Implementation | -- | -- | -- | -- |
| Tokenomics | 0 | 0 | 0 | 0 |
| Team Governance | 30 | 30 | 56 | 70.72 |
| Market Ecosystem | 70.19 | 9.63 | 59.98 | 51.84 |
| Security & Compliance | 0 | 51.75 | 0 | 0 |



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