According to ChainCatcher, Hibachi has officially launched a decentralized perpetual contract exchange (Perp DEX) focused on privacy protection. The platform is based on Celestia's modular data availability layer and Succinct's zero-knowledge proof infrastructure, achieving on-chain privacy protection for transaction records, positions, and account balances, aiming to address user privacy issues caused by the transparency of on-chain transactions from the ground up.
According to reports, Hibachi has received investment support from Dragonfly and Electric Capital. Currently, Hibachi has launched its core perpetual contract trading function and will successively introduce strategy vaults, a native lending market, a multi-asset collateral mechanism, and spot trading functions in the future to meet users' more comprehensive risk management and asset allocation needs. The market currently expects that it may launch a native token to further incentivize user participation.
The team stated that it will continue to promote product innovation and ecosystem expansion around the three core concepts of 'high-speed execution, privacy protection, and on-chain verifiability.'