Market makers flee public blockchains for privacy

Market makers in the crypto space are increasingly moving away from public blockchains to shield their proprietary trading strategies from copycats and public scrutiny. Unlike traditional finance, where off-exchange venues offer privacy, crypto markets have historically been transparent, exposing strategies to reverse-engineering. A new startup, GoDark, is launching on Solana to address this issue by utilizing zero-knowledge proofs to conceal trade details, even from node operators. This aims to create a private matching engine, though challenges remain regarding technical feasibility, speed, and regulatory compliance, as absolute privacy may conflict with existing oversight requirements.