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About Hibachi
Hibachi, a decentralized trading protocol, has reached several milestones with long-term significance. In March 2025, it launched the Hibachi Points program to quantify user participation and incentivize community building, laying an early foundation for ecosystem growth. Later that month, it completed a $5 million seed round backed by Dragonfly, Electric Capital, and echo, securing top-tier institutional endorsement. In June 2025, Hibachi launched what it described as the first privacy-first decentralized perpetual exchange, built in collaboration with Celestia and Succinct. Using Celestia's modular data availability layer and Succinct's zero-knowledge proofs, the platform achieved off-chain order matching, verifiable on-chain settlement, and trade privacy — a core breakthrough in speed, confidentiality, and verifiability.
Key developments in the past six months (2026-03-02 to 2026-09-02):
In March 2026, Hibachi doubled its weekly points distribution to 1,000,000, signaling an approaching token generation event. Polymarket odds for a token launch by year-end 2026 rose to 72%.
Hibachi's FX venue development progressed toward a target launch in H2 2026 alongside Arc mainnet. The platform has surpassed $10 billion in cumulative trading volume and rolled out the FLP (Fire Liquidity Provider) vaults as a deep liquidity layer.
Official roadmap and focus:
Hibachi plans to launch with FX perpetuals first, then expand into FX spot, building a full stablecoin FX ecosystem. The venue will support pairs like GBP/USDC and JPY/USDC, with institutional-grade compliance, privacy protection, and cross-margin via CCTP.
Co-founders:
Thibault Binier (Twitter: @ayotibo): Co-founder of Hibachi. Previously worked at Morgan Stanley, OCC, and other financial institutions. Background in strategy, branding, and marketing, with experience in luxury and fintech.
Varun Kumar (Twitter: @GandalfTheBr0wn): Co-founder of Hibachi. Details of his background are not fully disclosed in the provided references.