A new and increasingly talked-about project on X, Dark Veil (@DarkVeilIO), is positioning itself as the “dark pool layer of DeFi,” aiming to introduce private, encrypted, and MEV-resistant trading to on-chain markets. The project has gained notable traction since joining the platform in July 2025, gathering over 4,000 followers and forming a niche community called the Veiled Circle, focused on confidential execution and zero-MEV research.
Dark Veil describes its protocol as a next-generation trading environment offering private spot and perpetual trading, zero slippage, and what it calls “true strategic privacy.” Their messaging emphasizes eliminating front-running and predatory order-flow extraction—issues that have long been associated with public mempools and MEV-ridden decentralized exchanges.
The native token, VEIL, is an SPL token on Solana ,$VEIL, is trading around $0.00374–$0.00380 USD, with $3.1M market cap according to Coinmarketcap.
Lookonchain reported that influencer Cupsey accumulated 1.47M $VEIL over the past three days, fueling further curiosity.
Interest in the project spiked after the team resurfaced a June statement from CZ suggesting someone should build a dark-pool perp DEX. Dark Veil responded, “He had the idea, we chose to execute,” leaning into a narrative of delivering what the market has been indirectly asking for.
This week, the team signaled that its testnet is nearly active, sharing cryptic transmissions about “zero-MEV instantiation” and encrypted enclave feeds going live inside a controlled testing environment. They are currently recruiting private beta testers, promising early-tester rewards and encouraging users to follow and watch for DMs.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.