The post Aster DEX Launches Hidden Orders Following CZ’s Call for ’Dark Pool’ Perpetuals appeared on BitcoinEthereumNews.com.

The feature aims to protect traders from on-chain visibility risks, such as frontrunning and MEV attacks Aster, a perpetuals decentralized exchange (perp DEX), has launched a “hidden orders” privacy feature less than three weeks after Binance co-founder Changpeng “CZ” Zhao proposed the idea of “dark pool” perpetuals trading. In traditional finance (TradFi), dark pools are private platforms that allow institutions to carry out large trades without revealing their orders to the market. DEXs, by contrast, have historically prioritized transparency, with order and liquidity data visible on-chain. Aster, which boasts a total value locked (TVL) of $290 million, unveiled the hidden order mechanism on Friday in a post on X, formerly Twitter. Hidden orders are specialized order types that allow traders to conceal their order quantity from other market participants. “Be the first to place stealth perp orders without revealing your size or presence in the public order book,” Aster’s tweet reads. “Invisible orders, visible advantage.” The post was then retweeted by CZ. “This Hidden Order feature went live on @Aster_DEX 18 days after my post,” the Binance co-founder said. In the same post, Zhao revealed more than 30 projects have since approached him with similar ideas. The rollout of such features underscores a growing interest in protecting traders from on-chain visibility risks, such as frontrunning and Maximal Extractable Value (MEV) attacks. The development could also signal a broader shift toward privacy-first infrastructure within decentralized finance (DeFi). “There’s growing demand in DeFi for dark pool mechanics, especially from funds and traders seeking to avoid MEV, sandwiching, and toxic flow exposure,” said Vinson Leow, the CSO at Momentum. However, Leow pointed out that while features like Aster’s hidden orders are “a step forward,” the tradeoff is that it’s limiting transparency. He called this critical for price discovery and trustless composability. “Dark pools…

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Filed under: News - @ June 20, 2025 8:23 pm