Is there much demand for a private DEX?

I will not name the projects involved because I'm not here to shill, but I recently came across a blockchain that is specializing in DEX but with privacy integrated into it so that other people cannot see your trades. Based on my experience with other privacy chains my assumption is that this will cause a hit to the user experience, and I am wondering whether there is enough demand for private trading to be bullish on the project or if something like this would be super-niche (a reason to be bearish on the project).

Would love to hear your guys' opinions.