The Midnight Network has launched its highly anticipated Glacier Drop airdrop, and it is making waves across the blockchain space.
With a multi-chain approach and a strong focus on rewarding Cardano supporters, the event is pulling thousands of new users into the Cardano ecosystem.
Read on to know how!
Cardano Takes the Lion’s Share
The airdrop went live on Wednesday and targets users from eight major blockchains to reshape how value flows across networks. Cardano holders secured the biggest share, receiving 50% of all NIGHT tokens. Bitcoin holders followed with 20%, while the remaining 30% was split between Ethereum, XRP, Solana, BNB, Avalanche, and Brave token holders.
So far, more than 35,600 users have claimed 739.5 million NIGHT tokens, which represents 3.08% of the total supply. Cardano has taken a commanding lead with 63% of the total share, far ahead of the other chains.
Hoskinson Hails Breakthrough for Cardano
Cardano founder Charles Hoskinson praised the Glacier drop on X, calling it the most complex crypto distribution ever built. The operation spans 8 ecosystems, 7 blockchains with different addresses and cryptocurrencies, and regulatory compliance, all running 24/7 without data loss.
Millions of claims are being processed through Cardano’s Hydra scaling solution, which Hoskinson described as “novel, special, and completely original”. He acknowledged that there may be bugs and some users might experience delays, but emphasized that the project pushes the limits of Cardano’s tech and global reputation.
NIGHT Token Set for Top Spot
Hoskinson believes Midnight will be a breakthrough for Cardano, expecting its token, NIGHT, to become the largest and most traded native token once the project is fully integrated.
The Midnight team’s excitement grows as they see the project not only expanding Cardano’s reach but also thriving directly on its platform, attracting users and developers. Since launching in late 2022, Midnight has gained strong support from over 100 partners. However, the mainnet launch date is yet to be announced.
“Cardano Treasury Company Inevitable,” Says Hoskinson
In a recent Fireside chat with Altcoin Daily, Hoskinson used conviction to say that a Cardano Treasury Company is “inevitable.” He went on to suggest, light-heartedly, that Cardano could one day overtake Ethereum and that Vitalik Buterin might even step down by 2026.
Cardano’s Market Momentum
Cardano (ADA) is currently trading at $0.811, up 1.3% in the last 24 hours. It has gained over 13% in the past week. Market data points to strong investor interest:
- Cardano’s open interest has surged 199%
- ADA’s price has risen 143% over the past year
- Open Interest is up 2% in the last 24 hours, climbing to $1.48 billion.
Immense demand, surging engagement, and the Glacier drop rollout – It’s looking great for Cardano!
