Silhouette is a decentralized exchange (DEX) built on Hyperliquid, focusing on security and privacy by using Trusted Execution Environments (TEEs) technology to prevent front-running and MEV.
Unlike conventional DEXs, Silhouette not only leverages the speed and strong liquidity of Hyperliquid but also adds a layer of encryption to protect trading strategies, providing a secure and efficient DeFi environment.
MAIN CONTENT
Silhouette is a DEX integrated with Hyperliquid, using TEEs to ensure transaction privacy.
The platform supports multiple order mechanisms such as Swaps, RFQs, Auctions, TWAPs, VWAPs.
The project has successfully raised 3 million USD from RockawayX and other large funds.
What is Silhouette?
Silhouette is a decentralized exchange that focuses on privacy and security, built on the Hyperliquid platform.
The project aims to provide traders with a smooth, fast trading environment without exposing strategies.
TEE technology plays a key role in protecting data and preventing front-running, which is a pressing issue for many current DEXs.
What is Silhouette's mission?
Silhouette's mission is to become a safe, transparent DeFi trading platform that optimizes the experience for traders.
By applying TEEs and the infrastructure of Hyperliquid, Silhouette aims to build a highly secure DEX model where trading strategies cannot be exploited. This helps reinforce trust and encourage more institutional investors to participate in DeFi.
"The future of DeFi will not be complete without privacy protection mechanisms and prevention of MEV."
Nguyễn Thành Nam, Independent Blockchain Expert, 2025 – Vietnam Blockchain Forum
What are the standout features of Silhouette?
Silhouette stands out due to its ability to secure transaction data and directly integrate with Hyperliquid to leverage high speed and liquidity.
In addition, the platform supports various trading mechanisms, including Swaps, RFQs, Auctions, TWAPs, VWAPs, suitable for various strategies.
Notably, Silhouette uses decentralized TEE providers, eliminating the risk of centralized control.
Privacy protection using TEEs
Silhouette uses TEEs to encrypt and process trading orders in a secure environment, preventing data leaks.
This helps traders avoid being exploited by front-running bots or MEV. This is a significant advantage over many current DEXs that operate publicly on-chain.
Integration with Hyperliquid
Silhouette leverages Hyperliquid – a prominent Layer 1 blockchain with the capability to process 200,000 orders/second and latency under 1 second.
This combination allows users to have a high-speed experience while being protected in terms of privacy, creating a balance between performance and security.
"Strong liquidity and low latency are key factors that make Hyperliquid the ideal platform for the next generation of DEXs."
CEO of Hyperliquid, sharing at the DeFi Summit 2024
Supports a variety of trading mechanisms
Silhouette offers various types of orders, from basic swaps to RFQs, Auctions, TWAPs, and VWAPs.
This diversity opens up the possibility of applying professional strategies, particularly suitable for institutional investors who require many flexible trading tools.
Decentralized TEE
Unlike centralized solutions, Silhouette implements decentralized TEE infrastructure to ensure transparency.
This approach helps eliminate single points of failure while reinforcing the core decentralization of the DeFi ecosystem.
What is the model and mechanism of Silhouette?
The mechanism of Silhouette operates based on the combination of Hyperliquid, TEEs, and a secure data execution layer.
The process occurs through 4 main steps: sending encrypted orders, secret order matching in TEE, confirmation on Hyperliquid, and leveraging available liquidity. All transaction data is absolutely secure throughout the process.
"Keeping trading strategies confidential is the most important factor in attracting institutional investors to DeFi."
Amber Group, DeFi Market Report 2025
What is the development roadmap of Silhouette?
Silhouette is currently in the MVP development phase and preparing for post-deployment testing.
According to the announcement on 10/06/2025, the project successfully raised 3 million USD in a Pre-Seed round led by RockawayX, with participation from Amber Group, NGC Ventures, No Limit Holdings, Hive, and Paul Taylor.
Timeline Milestones Q2/2025 Complete MVP Q3/2025 Launch public testing 2026 Expand ecosystem, integrate more DeFi products
Official information channel of Silhouette
Interested parties can follow the latest updates of Silhouette at the following channels:
Website: https://silhouette.exchange/
X (Twitter): https://x.com/silhouette_ex
Telegram: https://t.me/+G8s-CgieXWs4YjA8
Frequently Asked Questions
What makes Silhouette different from traditional DEXs?
Silhouette uses TEEs to encrypt and protect transaction data, something that most current DEXs have not implemented.
Can Silhouette prevent front-running?
Yes. TEE technology helps the entire order matching process take place in a secure environment, preventing bots from exploiting strategies.
Has the project successfully raised funds?
Yes. On 10/06/2025, Silhouette successfully raised 3 million USD in a Pre-Seed round led by RockawayX.
Can institutional traders use Silhouette?
Yes. The platform supports many professional order mechanisms such as RFQs, TWAPs, and VWAPs, suitable for institutional needs.
When will Silhouette launch the test version?
Expected in Q3/2025, after completing the MVP and going through internal testing.
Source: https://tintucbitcoin.com/silhouette-la-gi/
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