TechFlow News, March 20 — Hibachi, a perpetual contracts exchange powered by zero-knowledge technology, has raised $5 million in seed funding from Dragonfly, Electric Capital, and Echo Platform.
During its closed testing phase, Hibachi achieved over $1 billion in cumulative trading volume. The platform collaborates with RISC Zero on ZK-proof technology and Celestia on data availability layers, currently supporting cross-chain trading. Core features include multi-collateral trading, RWA trading, and a native lending market.
Hibachi’s team comprises members from Citadel, Tower Research, Meta, Google, and Magic Eden. The platform has now launched an early user incentive program, allowing users to earn points through trading and engagement.
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