Midnight’s NIGHT jumps 13.2% to $0.04874 after permissionless mainnet contract deployment update

AI Market Summary
Midnight (NIGHT) rallied after the foundation enabled permissionless mainnet smart-contract deployment, removing prior review constraints and expanding app-launch flexibility across DeFi, gaming, and privacy use cases. Complementary upgrades (node security patches, wallet integrations, and fee-sponsorship tooling) improve onboarding and developer support. Market cap rose with price, but a notable drop in trading volume signals weaker participation and a potential price/volume divergence near term.
Impact level
● Medium
Affected assets
NIGHT/USDT+4.54%
AI Insight · NIGHT/USDTAI Insight
▲ Bullish
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Midnight (NIGHT) rose 13.2% to $0.04874 after the network said its mainnet now supports permissionless contract deployment. The change lets developers deploy contracts freely, expanding potential ecosystem development. NIGHT’s market cap climbed 13.28% to $809.47 million, ranking 72nd on CoinMarketCap, while trading volume fell 18.16%. Charts show the price rebounding from around $0.037 after sliding from about $0.04428, breaking back above $0.040, $0.042 and $0.045, and nearing $0.049.