Hibachi

Hibachi is a privacy-first decentralized perpetuals exchange that pairs an off-chain central limit order book with zero-knowledge proofs, using Celestia for data availability and Succinct for proofs, so positions stay private while solvency stays verifiable on-chain.

Hibachi fees

Hibachi charges about 0 bps maker and 4.5 bps taker (a basis point is 0.01%). As with any perp venue, the funding rate often matters more than the headline fee: it is a recurring payment between longs and shorts that can quietly run for or against your position. See how this stacks up on the lowest-fee perp DEX ranking.

Hibachi leverage & markets

Hibachi offers up to n/a leverage across crypto markets on Base (Celestia DA, ZK). Higher leverage magnifies both gains and liquidation risk, so size positions carefully. For the most aggressive limits, see the highest-leverage perp DEX ranking.

Is Hibachi safe and is there KYC?

Hibachi is non-custodial: your funds stay in your own wallet and you sign each trade, so there is no company holding your balance and typically no KYC. The trade-off is smart-contract and liquidation risk, so prefer venues with a solid track record and verify contracts yourself.

Hibachi airdrop & points

Hibachi has not launched a token, so active trading now may position you for a potential future airdrop. Estimate what your points could be worth with MoonMath, and remember an airdrop is never guaranteed.

Who is behind Hibachi?

Hibachi was built by Varun Kumar (CEO, also a Hashflow co-founder), with a team from Citadel, Tower, IMC, Meta and Google.

Backers: Dragonfly, Electric Capital.

Hibachi milestones

• 2025Hibachi launches a privacy-first perp DEX with Celestia and Succinct
• 2025Launches a trader points campaign

Hibachi FAQ

What is Hibachi?

Hibachi is a privacy-first perp DEX using an off-chain order book with zero-knowledge proofs and on-chain settlement. It runs on Base (Celestia DA, ZK) using a orderbook model, offering up to n/a leverage on crypto markets.

What are Hibachi's fees?

Hibachi charges roughly 0 bps maker and 4.5 bps taker (1 bp = 0.01%). Funding is paid periodically between longs and shorts.

Does Hibachi require KYC?

No. Hibachi is a decentralized exchange: you connect a self-custody wallet and trade permissionlessly, with no signup or KYC on the protocol.

Does Hibachi have a token?

Not yet. Hibachi has no token, so trading now may position you for a potential future airdrop (never guaranteed).