Cardano’s $9B network has little real activity — its new system aims to fix that
CryptoSlate
The Midnight network has launched to address Cardano's limited on-chain activity by integrating privacy and compliance features for institutional use.Summary
Despite a $9.1 billion market cap and a large developer base, Cardano has struggled with low on-chain financial activity. To bridge this gap, the Midnight network has launched, focusing on privacy-first infrastructure and regulatory compliance. By utilizing a federated operator model involving major institutions like Google Cloud and MoneyGram, Midnight aims to attract enterprise users who require data privacy. The network's success will depend on whether these institutional partnerships transition from proof-of-concept stages to tangible, high-volume applications.
(Source：CryptoSlate)