Is Midnight (NIGHT) Catching Up With Zcash (ZEC)? Network Data Offers a Clue

Midnight, the privacy-focused chain developed by the team behind Cardano, hit a new record on November 10 after it processed over 96,000 transactions. That is more than four times the slightly more than 24,000 that went through Zcash on the same day. Midnight’s Activity Outpaces Zcash Data shared by market commentary account MSB Intel shows that Midnight handled 96,851 transactions on Tuesday, compared to 24,160 on Zcash. The gap was also wider across the last 30 days, with Midnight completing 1,487,836 transactions while just 308,050 were processed on Zcash. Charles Hoskinson, the founder of Cardano and a leading figure behind Midnight, was suitably impressed, taking to X with a short message: “Midnight is growing.

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