The NIGHT token outperformed the broader crypto market on Monday, Dec. 29 after Charles Hoskinson suggested it could help expand decentralized finance (DeFi) across blockchain ecosystems, including XRP.

A partner chain to Cardano, Midnight is a privacy-focused blockchain built for confidential transactions and private DeFi, with NIGHT serving as its native token. Hoskinson is a co-founder of Ethereum and the founder of Cardano.

NIGHT rose more than 11% over the past 24 hours, according to CoinGecko. The rally comes after Hoskinson said in a post on X that adding Midnight to XRP’s ecosystem would “blow the legacy banks out of the water.”

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