Hibachi Surges to $500M Cumulative Volume on Base with Privacy-First Perps and Hibachi Points Program

Hibachi is redefining perpetual futures trading by prioritizing privacy without sacrificing speed or security. Built on Base with off-chain order books and RISC Zero zk proofs, the DEX encrypts user positions, balances, and order sizes on Celestia DA—ensuring on-chain transparency for verifiability but off-chain opacity for anonymity. Since its mainnet launch on June 18, 2025, Hibachi has clocked over $500 million in cumulative volume, $50 million TVL, and 10,000+ active users, all while powering 30+ markets with up to 50x leverage. Backed by a $5 million seed round from Dragonfly, Electric Capital, and Echo, the platform's Hibachi Points program—live since June—rewards trading, quests, and referrals with weekly drops, fueling speculation for a $HIB airdrop in Q1 2026. In a perp market hitting $1.5T monthly, Hibachi's "provable exchange" model is the privacy play traders didn't know they needed.

Privacy at the Core: ZK Encryption and Trust-Minimized Trading

Hibachi flips the script on on-chain surveillance: Every trade, balance update, and position is encrypted end-to-end, backed by zk proofs for verifiable integrity. No more MEV bots sniping orders or chain explorers doxxing PnL—your activity stays yours, while reserves remain auditable via smart contract custody.

Key privacy pillars:

• Encrypted Order Book: Off-chain CLOB with ~6ms latency (30x faster than on-chain rivals); orders and fills hidden until settlement.
• ZK-Verified State: RISC Zero proofs ensure data hasn't been tampered with; Celestia DA stores encrypted blobs for modular, scalable privacy.
• Wynn Upgrade (Live): Introduces trust-minimized exits, encrypted state, and modular DA—first DEX to deliver a fully provable, private CLOB.
• User Controls: Subaccounts for strategy isolation, portfolio margin for efficient collateral; audited by Halborn with a $20K+ Immunefi bug bounty.

This isn't bolt-on privacy—it's baked in, addressing the "transparency paradox" where on-chain equals exposed. As co-founder noted in a recent Space: "Trade like a ghost, settle like a vault."

Hibachi Points Program: Weekly Drops for Traders and Questers

Kicked off alongside mainnet in June 2025, the Hibachi Points program turns every action into airdrop fuel, with distributions every Wednesday (resets Mondays). No seasonal caps—just continuous accrual based on merit, tying into rumors of a 50% community token allocation.

Earning Points Efficiently

• Trading Volume: Core earner—$1K vol yields 10-20 points; multipliers for privacy-heavy pairs (e.g., 1.5x on alts) to incentivize encrypted flows.
• Quests & Sparks: Complete weekly challenges (e.g., 5 trades, subaccount setup) for 100-500 bonus points; Firepots events drop extra for top performers.
• Referrals: Invite codes net 15% of ref activity; top affiliates unlock exclusive boosts like fee rebates.
• Engagement Perks: Discord quests and X shares add multipliers—track via dashboard for real-time snapshots.

Over 4.6 million points distributed to date, with ~100K weekly hauls. Early farmers report 5K+ stacks from $10K monthly volume, blending organic trades with low-risk scalps on majors like BTC/ETH.

Airdrop Whispers and Roadmap: Multi-Chain Privacy Expansion

With TGE eyed for early 2026, points are the key to $HIB rewards—speculation pegs $0.50-2 per point at $300-500M FDV, echoing zk DEX windfalls. Community governance post-launch will direct fees (0.02% taker) and listings.

Forward leaps:

• Multi-Chain Rollout: Arbitrum integration by November; cross-chain perps for seamless liquidity.
• AI Assistants: Predictive tools for order optimization, launching Q4.
• RWA Horizons: Commodities, FX, and equities perps—privacy-shielded TradFi exposure.
• Flash Markets: Instant listings for memes and pre-launches, already live.

X hype: "Hibachi's the privacy perp king—points farming with zk peace of mind."

Why Hibachi is the Privacy Perp DEX to Watch

In Hyperliquid's volume shadow, Hibachi carves a niche: Sub-10ms trades, unbreakable encryption, and points that reward without exposure. Its $500M volume milestone (up 200% since August) and 10K users signal a flywheel—more privacy adopters mean deeper, safer books.

For degens dodging trackers or pros hedging anonymously, Hibachi delivers CEX speed with DeFi soul. With points stacking and multi-chain on deck, it's farm season.

Ignite your trades at app.hibachi.xyz. Use the best ref code pccrypto, connect your Base wallet, and follow @hibachi_xyz for quest drops and privacy updates.

Stay tuned to our blog for more zk deep dives and airdrop alphas.