Hibachi collaborates with Celestia and Succinct to launch a privacy first decentralized exchange

According to Foresight News, Hibachi has partnered with Celestia and Succinct to launch a privacy first decentralized exchange. The platform is based on Celestia's modular data availability layer and utilizes Succinct's zero knowledge proof infrastructure to achieve on chain privacy protection for transaction records, positions, and account balances. Currently, Hibachi has launched the core perpetual contract trading function, and in the future, it will gradually launch strategy vaults (initially launched as internal custody strategies), native lending markets, multi asset collateral mechanisms, and spot trading functions. Foresight News previously reported that Hibachi has completed a $5 million seed round financing in March 2025, with participation from Dragonfly, Electric Capital, and Echo.