Hibachi announced a partnership with Celestia and Succinct to launch a privacy-first decentralized exchange. The platform is based on Celestia's modular data availability layer and leverages Succinct's zero-knowledge proof infrastructure to achieve on-chain privacy protection for transaction records, holdings, and account balances. The platform addresses the privacy issues caused by on-chain transaction transparency from the ground up, achieving comprehensive encryption and concealment of transaction records, holdings, and account balances.

Currently, Hibachi has launched core perpetual contract trading functionality and will continue to release strategy vaults (initially internal custody strategies), native lending markets, multi-asset collateral mechanisms, and spot trading functionality to meet user risk management and asset allocation needs. Although the project has not made a formal announcement regarding token issuance, the market anticipates that Hibachi may launch a native token, with a focus on trading activity and user engagement.