Opinion by: Anish Mohammed, co-founder of Panther ProtocolBinance co-founder Changpeng “CZ” Zhao’s recent proposal to create a dark-pool perpetual swap decentralized exchange (DEX) is more than just a novel idea — it’s a timely reflection of where Web3 is falling short. In a market increasingly driven by institutions and large stakeholders, CZ’s call for private execution and protection from maximal extractable 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…
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