INSUBCONTINENT EXCLUSIVE:
value (MEV) attacks underscores a more profound truth: The current trading infrastructure in crypto is not built for scale, discretion or
sophistication.The alleged onchain manipulation of Hyperliquid, where a nearly $100-million liquidation was publicly traced and seemingly
targeted, put the issue in sharp relief
Public blockchains give everyone equal access to data, but in doing so, they also expose high-volume traders to front-running, copy-trading
We now have digital assets consistently valued in the billion-dollar range
The user base has expanded beyond early adopters to include institutional investors, regulated funds and corporate treasuries.Yet we still
rely on outdated execution models: over-the-counter desks with limited scope, aggregators and peer-to-peer swaps prone to slippage and
The current infrastructure in the space is not mature enough for institutional investors, who are accustomed to more sophisticated mediums
Wallets belonging to founders, funds and whales are often tracked in real time
Every movement can send signals to the market, no matter how small or large
That level of visibility may appeal to retail traders hungry for intel on market movements
CZ proposes building a protocol that uses privacy-enhancing technology like zero-knowledge proofs or multiparty computation (MPC) to conceal
tackle DeFi fragmentation through unified liquidityWith privacy comes trade-offs
Full opacity could open the door to undisclosed manipulation
Regulators and some users may push back if dark pool structures reduce market transparency
transactions without relying on centralized intermediaries or outdated tools
The notion that every transaction must be public by default may appeal to ideological purists, but it no longer fits the realities of a
That means execution privacy, intelligent safeguards and a clear distinction between transparency and exposure
Web3 is finally growing up
Now, its tools need to do the same.Opinion by: Anish Mohammed, co-founder of Panther Protocol.This article is for general information
purposes and is not intended to be and should not be taken as legal or investment advice
