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.

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