Hibachi, in collaboration with Celestia and Succinct, launches the first privacy-first decentralized exchange
ChainCatcher news, Hibachi officially announced the launch of a decentralized perpetual contract exchange (Perp DEX) focused on privacy protection. The platform is built 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 at the fundamental level.It is reported that Hibachi has received investment support from Dragonfly and Electric Capital. Currently, Hibachi has launched its core perpetual contract trading functionality, and in the future, it will gradually introduce strategy vaults, a native lending market, multi-asset collateral mechanisms, and spot trading features to meet users' more comprehensive risk management and asset allocation needs. The market currently anticipates the potential launch of a native token to further incentivize user participation.The team stated that they will continue to promote product innovation and ecosystem expansion around the three core concepts of "fast execution, privacy protection, and on-chain verifiability."
