Catalyst: Ledger 9 upgrade
The Ledger 9 upgrade went live on Midnight’s mainnet on Nov 6, adding native support for ECDSA and Keccak‑256 and enabling contracts to interact directly within a single transaction.
- Ledger 9 upgrade live on Midnight mainnet (Nov 6)
- Enables contract‑to‑contract execution in one transaction
- Adds native ECDSA and Keccak‑256 support
Market backdrop: BSC slowdown
BSC trading slowed this week, with DEX volume down 17% and BNB slipping 0.8% over 7 days. Median performance of BSC layer‑1s was a 6.6% decline, though 7 of 37 projects rose.
- DEX daily average $3.92 B
- DEX volume down 17% week‑over‑week
- BNB down 0.8% 7d
- Median BSC L1 decline 6.6% 7d
- 7 of 37 BSC L1s up
Team activity and community buzz
Midnight’s team posted four times in the past seven days and eleven times in the past month, signaling very active development. Community posts highlighted the fast transaction growth after launch.
- Team posts 4 times in 7 days
- Team posts 11 times in 30 days
- Very active development label
Liquidity and volume
Despite the broader market dip, NIGHT traded $18.03 M in 24 hours, representing a 2.46% turnover of its circulating supply.
- 24h volume $18.03 M
- Turnover 2.46%
Technical snapshot
On the daily chart NIGHT shows a bullish leaning signal with 5 of 10 indicators bullish and an RSI of 57.1, suggesting room for further upside.
- Daily bullish signal (5/10)
- RSI 57.1
Live tracker: Crypto market today, today’s numbers, updated through the day.
What to watch
- Next Ledger 9 feature releases
- BNB price movement on BSC
- Midnight transaction count growth
Questions readers ask
What does the Ledger 9 upgrade do?
It adds native ECDSA and Keccak‑256 support and enables contract‑to‑contract execution within a single transaction on Midnight’s mainnet.
How is the broader BSC market performing?
DEX volume on BSC is down 17% week‑over‑week, BNB is down 0.8% over 7 days, and the median BSC layer‑1 token fell 6.6% in the same period.
Is the price move in NIGHT isolated?
Yes, NIGHT rose 17.8% while most BSC layer‑1s declined, indicating the move is tied to its specific product upgrade rather than a sector‑wide rally.
Sources
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