Welcome to the Singularity Darkpool Deep Dive Series, where for the next couple of months, we will take a deeper look into the architecture, vision, and innovations powering Singularity’s institutional-grade on-chain Darkpool orderbook.
In each edition, we unpack a specific layer of the Darkpool — from how we prevent MEV and frontrunning to the role of cutting-edge cryptography like ZKPs, FHE, and MPC.
Built to offer compliance without compromise, Singularity delivers confidential, capital-efficient execution tailored for institutions ready to trade on-chain — privately, securely, and without leaving a trace.
DeFi was built on radical transparency — every trade, token, and transaction etched forever on a public ledger. While this ethos created trust and composability, it also opened the floodgates to a hidden tax on traders: frontrunning, sandwich attacks, alpha leakage, and MEV exploitation.
In TradFi, institutional investors have long relied on darkpools to execute large trades without revealing their strategy or affecting the market. But until now, DeFi lacked a credible counterpart.
With Singularity’s fully private, on-chain dark orderbook, that changes.
Most DeFi trades today occur through public orderbook DEXs or AMMs. Whether it’s Uniswap or a limit order protocol, one thing remains constant: trading intent is visible before execution.
This creates several vulnerabilities:
Transparency, once a virtue, becomes a liability for anyone trading at scale.
Singularity is an institutional-grade, on-chain darkpool designed for confidentiality, , compliance, and capital efficiency. It enables users to trade directly on-chain — without revealing asset pair, price, size, or strategy.
Unlike anything before it, our system combines three advanced technologies to achieve this:
Our Darkpool doesn’t just hide trade data — it enables confidential trades to be processed, matched, and settled without revealing sensitive information at any point in the lifecycle.
Here’s how we do it:
ZKPs allow a trader to prove ownership of assets or validity of an order without revealing the underlying details.
In Singularity, ZKPs ensure the legitimacy of orders — confirming that participants are compliant and collateralized — without exposing asset type, price, or size. ZKPs are part of the core horizontal privacy infrastructure on which the orderbook Darkpool is built.
FHE allows computation on encrypted data — no decryption needed.
In practice, traders submit encrypted orders (e.g., price, asset, amount) using a public key generated by our distributed network. The matching engine, known as a book node, then compares these encrypted values to identify potential matches — all without ever accessing the real values.
MPC enables collaborative computation between multiple book nodes.
These nodes jointly evaluate whether encrypted orders match, and decrypt only the result (e.g., “matched” or “not matched”) - never revealing the inputs themselves.
They also handle distributed key generation, ensuring no single point of compromise.
Here’s how the full lifecycle of a confidential trade works:
The entire flow ensures no asset pair, price, or size is ever revealed on-chain or offchain. That’s true confidentiality — backed by verifiable cryptography.
We recognize that privacy alone isn’t enough. That’s why Singularity integrates with trusted identity oracles to ensure all participants are KYB/KYC verified, meeting regulatory standards without compromising anonymity on-chain.
This balance between compliance and confidentiality is what makes Singularity uniquely suited for institutional DeFi.
The next wave of capital entering crypto won’t accept front-running, alpha leakage, or visibility risk.
They need infrastructure that matches the sophistication, security, and discretion of TradFi — with the permissionless execution of DeFi.
That’s what Singularity delivers.
We're live on Ethereum, Arbitrum, Base, and Bouncebit, with more chains coming soon.
Join us as we build the new standard for confidential trading.
Thanks for reading the first edition of Singularity’s Darkpool Deepdive series.In the subsequent deep dives, we’ll take you behind the curtain to explore the core components that power Darkpool.
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