According to BlockBeats, on June 2, Binance founder CZ wrote on X, “In light of recent events, I think now might be a good time to launch a dark pool perpetual decentralized exchange (DEX). I have always been confused by the fact that everyone on DEX can see your order in real time. This problem is even more serious on perpetual decentralized exchanges where liquidation exists. Even in the order book of a centralized exchange (CEX), orders are not associated with specific individuals, but if you want to buy $1 billion worth of a certain cryptocurrency, you usually don’t want others to notice your order before the order is completed. Otherwise, others may buy first, which is actually a preemptive trade. In a DEX, this can lead to a MEV attack. This results in increased slippage, worse prices, and increased costs for you. Therefore, large traders in TradFi use dark pools, which are typically 10 times larger than “bright pools” (ie, ordinary order books). ” “For perpetual contracts (or futures), it is more important not to let others know/see your orders. If others can see your liquidation point, they may try to move the market to liquidate you. Even if you have $1 billion, others may gang up on you. This may be what we have seen recently.” “The opposite view I see is that increased transparency allows market makers to absorb your large orders. This may be true. I don’t want to argue which statement is right or wrong. Different traders may prefer different types of markets. Now may be a good time to launch an on-chain dark pool-style DEX + perpetual contracts, either without displaying the order book, or better yet, not displaying deposits to the smart contract at all, or waiting until much later. This should be possible with zero-knowledge proofs or similar cryptographic techniques.”