Market makers are increasingly fleeing public blockchains to protect their secret trading playbooks. Market data shows that crypto trading is almost entirely public, leaving market makers vulnerable to copycat traders. One startup is looking to borrow an idea from Wall Street to change this. By adopting a more private trading model, market makers can safeguard their trading strategies and maintain a competitive edge. This shift could have significant implications for the crypto market, potentially leading to more institutional investment and increased liquidity.