Alliance DAO founder: Transparent order books may be more attractive to market makers than dark pools

On June 4th, Qiao Wang, founder and core contributor of Alliance DAO, said that the most important piece of information for a market maker is to know who you are trading with. If the counterparty is degenping, the market maker will withdraw liquidity. If the counterparty is James Wynn, they will actively provide liquidity. This is why transparent order books may be more attractive to market makers than dark pools.
At the same time, it said that, all other things being equal, whales with actual alpha information would be more likely to trade on exchanges/dark pools. But it has no effect on Hyperliquid, because most contract whales do not have alpha information. They become whales through reckless risk-taking, simply a product of survivorship bias.
Previously, CZ published a post saying that now may be a good time to launch an on-chain dark pool-style perpetual contract DEX. He pointed out that in existing DEXs, the problem of all orders being visible in real time is particularly serious on perpetual contract platforms, especially when the clearing point is exposed, it is vulnerable to market manipulation and MEV attacks.