Cardano Allocates $25.7M to Midnight Blockchain, Faces Backlash

News Flash 2025-12-20 14:01

Cardano has allocated 70 million ADA, equivalent to $25.7 million, from its treasury to support the development of Midnight, a privacy-centric blockchain. This decision has sparked criticism among ADA holders who believe the funds should be used to bolster Cardano's own ecosystem. Midnight, while associated with Cardano, operates as a distinct blockchain with its own token and development roadmap. Proponents of the funding argue that the investment is in line with Cardano's broader blockchain vision, potentially enhancing its technological landscape. However, detractors emphasize the absence of direct advantages for ADA holders, questioning the strategic value of the allocation for Cardano's primary network.

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