Binance founder Changpeng Zhao (CZ) has proposed a novel solution to address concerns around order transparency in cryptocurrency trading: the development of a dark pool perpetual decentralized exchange (DEX). His vision stems from acknowledging potential risks to large traders, particularly from MEV attacks and front-running. CZ’s proposal advocates for increased privacy within DeFi by leveraging cryptographic techniques such as zero-knowledge proofs. This idea could have significant implications for the DeFi ecosystem, potentially attracting liquidity and users seeking confidentiality in their transactions. The proposal has already sparked lively discussions across social platforms and has been met with both interest and debate about finding a balance between transparency and privacy. In traditional finance, dark pools have long offered anonymity to prevent front-running and slippage, highlighting the growing trend of DeFi mimicking this model. CZ’s vision aligns with the need for privacy-preserving solutions in decentralized finance as the market faces concerns about malicious actors exploiting vulnerabilities through MEV attacks and potential market manipulation. The potential benefits of implementing a dark pool DEX are significant.** The Coincu research report indicates that such an initiative using cryptographic innovations like zero-knowledge proofs could potentially boost DeFi advancements, while ensuring trading efficiency and security in decentralized finance. This move may also lead to increased innovation within the sector as it seeks to address privacy concerns.