Midnight NIGHT

Layer 1 (L1)BNB Chain EcosystemCardano EcosystemZero Knowledge (ZK)Privacy BlockchainBinance Alpha SpotlightBinance Wallet IDO

Midnight leads thanks to its market ecosystem and roadmap delivery performance, with economic models remaining the main focus, currently holding a D- rating.

Rating updated 2026-07-31
D-25.69 / 100

Sector Rank #114 · Global Rank #1270

Roadmap Delivery37.5F
Technical Implementation----
Tokenomics0F
Team Governance30F
Market Ecosystem70.19C-
Security & Compliance0F
01

Overall Rating

D- · 25.69 / 100
Roadmap Delivery
37.5
Tokenomics
0
Team Governance
30
Market Ecosystem
70.19
Security & Compliance
0
Overall Score
25.69

Midnight 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.

02

Six-Dimension Rating Breakdown

Roadmap Delivery

36.75/100

Roadmap 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

46.5/100

Consensus 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

0/100

Deflationary 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

29/100

Core 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

53.09/100

Active 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

0/100

Historical 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

04

D- Peer Comparison

Export CSV
MidnightD- · 25.69RogueD- · 26.66GaiAID- · 26.65Artificial Superintelligence AllianceD- · 26.64
Overall Score25.6926.6626.6526.64
Roadmap Delivery37.537.537.537.5
Technical Implementation--------
Tokenomics0000
Team Governance30305670.72
Market Ecosystem70.199.6359.9851.84
Security & Compliance051.7500

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