Hibachi | Math Protects Your Assets. A "Provable Exchange" Combining CEX Speed with DEX Security

Duration

In Progress

Task

Supported Chains

Hibachi Overview

Item	Details
Chain	Arbitrum・Base (Perp DEX) / Arc Network (FX Exchange)
Category	Perp DEX / FX Exchange
Stage	Mainnet live (as of February 2026)
Funding	$5M seed (Dragonfly Capital・Electric Capital・Echo)

Born to solve the "risks of centralized exchanges" laid bare by the 2022 FTX collapse, Hibachi proposes a new exchange paradigm: not "trust the operator" but "prove it with math." It processes orders via a high-speed off-chain CLOB (Central Limit Order Book) and cryptographically verifies their validity using ZK proofs. All transaction data is recorded on Celestia's DA layer, enabling "forced withdrawal" for self-recovery of assets even if the system goes down. With latency under 5ms — 40x faster than Hyperliquid (measured by Succinct) — Hibachi provides the ideal trading environment for professional traders.

Why It Stands Out (Features & Strengths)

Private trading with ZK proofs: Proves the validity of trades mathematically while keeping the contents encrypted. Positions and strategies stay private, and MEV attacks (e.g., sandwich attacks) are prevented.
Ultra-low latency matching CEX: Off-chain CLOB achieves under 5ms — 40x faster than Hyperliquid's on-chain CLOB (measured by Succinct).
Forced withdrawal: Using data recorded on Celestia, you can recover your assets without permission even if the exchange shuts down — the ultimate safety net.
Expansion into FX Exchange: On February 12, 2026, Hibachi launched a stablecoin-focused FX exchange on Arc Network (Circle's L-1), with KYC/AML compliance for institutional investors.
Dream team: Built by elite professionals from Citadel, Meta, Google, and Hashflow. Raised $5M led by top VC Dragonfly Capital.

Token Information

As of February 2026, no official token launch or TGE (Token Generation Event) has been announced. However, some third-party sites track a ticker called HBC in premarket (not officially confirmed). At a future TGE, it is expected to serve as a governance and fee-sharing token, with distribution anticipated for current points program participants.

Item	Details
Ticker	HBC (premarket tracking only — not officially announced)
Status	Unlaunched (TGE date not announced)
Expected use	Governance・fee sharing (planned)
Points distribution	Every Monday UTC (weekly, ongoing)

Points Program & How to Participate

Hibachi's weekly points program is ongoing (distributed every Monday UTC). Note that the pre-season (Masterchef Trading Competition) ended on September 28, 2025, but the current weekly points distribution continues. "Flame Roll Lottery" (rewards worth $1,000–$25,000) is also held regularly. Start accumulating points now ahead of a potential future TGE airdrop.

Item	Details
Points distribution	Every Monday UTC (weekly, ongoing)
Pre-season	Ended September 28, 2025
TGE	Not yet announced
Flame Roll Lottery	Held regularly ($1K–$25K equivalent)
Supported chains	Base (USDC collateral) / Arbitrum (USDT collateral)

How to participate:

Register on Hibachi — Open an account via the official referral link.
Connect your wallet — Connect an EVM wallet (e.g., MetaMask) on Base/Arbitrum.
Deposit collateral — Deposit USDC on Base or USDT on Arbitrum (also prepare ETH for gas fees).
Trade (most important) — Trading volume is the biggest factor in weekly point allocation. Consistent trading is key.
Complete quests — Earn up to a 60% multiplier through in-platform trading quests.
Invite friends — Earn bonus points when friends join through your referral link.

👉 Start earning points on Hibachi now

Roadmap

[Completed] Perp DEX Mainnet: Perpetual futures trading is live on Base and Arbitrum.
[Completed · 2026-02-12] FX Exchange: Launched a stablecoin-focused FX exchange on Arc Network (Circle's L-1).
[Upcoming] Strategy Vaults: Automated trading strategy vaults to democratize algorithmic trading.
[Upcoming] Lending: Adding borrowing/lending functionality using collateral assets.
[Upcoming] Spot Trading: Expanding the product lineup with a spot market.
[Long-term] Comprehensive DeFi Financial Hub: Building a DeFi ecosystem encompassing Perp, FX, lending, and spot trading.

Funding & Related Links

Round	Amount	Key Investors	Date
Seed	$5M	Dragonfly Capital (lead)・Electric Capital・Echo	March 2025
Arc Support	—	Circle Ventures (via Arc Builders Fund)	2026

Dragonfly Capital and Electric Capital are among the most respected VCs in the Web3 and DeFi space. Circle Ventures has also backed Hibachi through the Arc Builders Fund, establishing institutional-level credibility. The team consists of elite professionals from Citadel, Meta, Google, and Hashflow.

Official links:

Summary

Hibachi delivers a "provable exchange" with ZK proofs — combining CEX speed with DEX security, with forced withdrawal for complete self-custody of assets.
Mainnet live on Base & Arbitrum — Trade perpetual futures and earn weekly points starting now.
FX Exchange launched in February 2026 — A stablecoin-focused FX exchange on Arc Network, dramatically expanding the business scope.
$5M raised · Dream team — Led by Dragonfly Capital, supported by Circle Ventures. Built by elite professionals from Citadel, Meta, and Google.

👉 Start trading on Hibachi

Disclaimer

・This article is created for informational purposes only and should not be used to solicit the sale, purchase, or underwriting of cryptocurrencies, securities, or other financial products, nor should it be considered an invitation to engage in such transactions, or constitute financial or investment advice.
・The information and opinions in this article are obtained from sources that we believe to be reliable, but we do not guarantee their accuracy, completeness, suitability, timeliness, or truthfulness.
・We, the authors, and all related parties are not responsible for any damage or loss caused by or related to the information published in this article. Cryptocurrencies involve hacking and other risks, so please conduct thorough research before using them.

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