The increase is linked to native token value through fee income, token burn, validator rewards, etc. In Midnight, DUST is used as a fee, but DUST is not transferred or paid out as compensation, but is burned upon use.
Investment View
Therefore, Midnight is evaluated as a high-potential project that has a high level of tokenomics design, but still needs to be implemented and verified.
Midnight has clear ZK data protection and a NIGHT DUST dual model, but mainnet usage, validator decentralization, and DUST demand remain maturity bottlenecks.
Investment View
From an investment view, watch mainnet stability, permissionless validator transition, DUST consumption data, and production apps built with Compact.