Hibachi, in collaboration with Celestia and Succinct, launches the first privacy-first DEX.

CoinVoice has recently learned that Hibachi officially launched a decentralized Perpetual Futures trading platform (Perp DEX) focused on privacy protection. This platform is based on Celestia's modular data availability layer and Succinct's zk-SNARKs infrastructure, achieving on-chain privacy protection for transaction records, Holdings, and account balance, aiming to fundamentally address user privacy issues caused by the transparency of on-chain transactions.

According to reports, Hibachi has received investment support from Dragonfly and Electric Capital. Currently, Hibachi has launched its core Perptual Futures trading feature and will gradually introduce strategy vaults, a native lending market, a multi-asset collateral mechanism, and spot trading features in the future, to meet users' more comprehensive risk management and asset allocation needs. The market currently anticipates that it may launch 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."

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