- Glacier drop distributes over 739M NIGHT tokens, attracting 35K+ new claims and boosting Cardano’s consumer numbers.
- Cardano holds a 63% share of NIGHT token distribution, main amongst supported blockchains.
- ADA worth has surged over 13% since Wednesday, aided by broader crypto market momentum.
Charles Hoskinson, founding father of Enter Output International (IOG), is buzzing with pleasure over the success of the Glacier drop — a free distribution of NIGHT, the native token of the Midnight blockchain constructed on Cardano. In line with him, the airdrop has already triggered a wave of recent sign-ups to the Cardano ecosystem, with momentum fueled by natural curiosity relatively than heavy advertising spend.
Screenshots Hoskinson shared on X present that 35,602 claims have been made to this point, amounting to about 739.5 million NIGHT — 3.08% of the overall provide. Cardano leads token distribution with a 63% share, outpacing different chains internet hosting NIGHT. Earlier this week, he celebrated one other milestone: over 11,000 redemptions for 250 million NIGHT, calling the progress “blowing me away.”
Increase to ADA Costs
The excitement round Glacier drop seems to have coincided with a carry in Cardano’s native token, ADA. Over the previous day, ADA’s worth jumped 3.89%, transferring from $0.7812 to $0.8190. Since Wednesday, the achieve totals 13.61%, monitoring alongside Bitcoin’s rally sparked by U.S. President Donald Trump’s government order permitting company retirement accounts to put money into Bitcoin and different digital property.
Midnight’s Function in Cardano’s Development
Midnight, the privacy-focused blockchain leveraging Cardano’s infrastructure, is positioning itself as a significant contributor to the community’s development. The Glacier drop is functioning as a bridge, pulling in new wallets and customers who might later interact with ADA and different Cardano-based initiatives. If this adoption curve continues, the affect may stretch far past a one-time airdrop, strengthening Cardano’s consumer base long run.