- Cardano founder Charles Hoskinson announced a major airdrop, the “Glacier Drop,” via the new Midnight sidechain, targeting 37 million users across eight major blockchains.
- Midnight introduces privacy-focused features and cross-chain token use, while ADA sees moderate price gains following the news.
Cardano’s founder Charles Hoskinson has unveiled a major new initiative: the Midnight airdrop, dubbed the “Glacier Drop,” targeting 37 million users across eight major blockchain ecosystems. The announcement was made during the Paris Blockchain Week 2025 and signals Cardano’s growing push into privacy and cross-chain interoperability.
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Midnight: A New Privacy Frontier in Blockchain
According to Hoskinson, blockchain innovation has progressed through key generations—decentralization led by Bitcoin, smart contracts spearheaded by Ethereum, and interoperability in the third phase. Now, Hoskinson believes the fourth era has arrived: privacy.
BREAKING NEWS:
MIDNIGHT TO BE AIRDROPPED TO 37 MILLION WALLETS🤯🤯@IOHK_Charles just revealed that @MidnightNtwrk will be airdropped to 37 million active wallets on #Bitcoin, #Ethereum, $XRP, $BNB, #Solana, #Avalanche, $BAT, and #Cardano.
Could this be one of the largest… pic.twitter.com/HoGgh0N3yN
— Mintern (@MinswapIntern) April 9, 2025
“Privacy isn’t just an optional feature,” he declared at the conference. “It’s a necessary feature.”
Midnight, Cardano’s newly developed privacy-focused sidechain, is designed to empower users to retain control of their data while transacting across chains. With its “chain abstraction” feature, users can interact with Midnight using tokens from Bitcoin, Ethereum, XRP, solana, Binance Smart Chain, Avalanche, Polygon, and of course, Cardano—without converting their assets. This breakthrough enables secure, private interactions while maintaining flexibility across networks.
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Introducing NIGHT and DUST Tokens
As part of the Glacier Drop, users will receive two new tokens:
- NIGHT: The main governance token of Midnight, giving holders influence over future protocol upgrades and decisions.
- DUST: A utility token designed for conducting private transactions on the Midnight network.
Midnight’s development team is also focused on improving scalability and developer-friendliness, reinforcing the project’s long-term potential as a privacy solution for decentralized finance.
Hoskinson emphasized that collaboration, not competition, is vital for Web3 to thrive: “Let’s build together, not apart.”
Cardano Price Sees Moderate Gains
Cardano (ADA) appears to be riding a wave of optimism following the announcement. At the time of writing, ADA is trading at $0.722725, with a 24-hour trading volume exceeding $887 million. It is up 6.07% over the past day and 2.46% over the last week. ADA currently ranks 9th in market capitalization with over 35.3 billion coins in circulation.
With Midnight and the Glacier Drop, Cardano is not only reinforcing its role in the evolving DeFi ecosystem—it is shaping its future. The push toward privacy and seamless cross-chain functionality could place Cardano at the center of the next blockchain revolution.
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