Hibachi announced partnerships with Circle and Arc and continues aggressive point-farming incentives. New invite benefits include a 25% points multiplier, 30% fee discount, and 30% weekly points boost for the upcoming six-week boost window, increasing farming efficiency for referred users and their referrers.
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Hibachi is a decentralized exchange focused on professional perpetuals trading that combines an off-chain order book with on-chain batch settlement secured by zero-knowledge proofs. Launched in beta on Arbitrum and Base, it aims to deliver CEX-like execution speed while preserving on-chain verifiability and proof-of-solvency. The project completed a $5M seed round in March 2025 with participation from Dragonfly, Electric Capital, and Echo.
7 events
Tracking since 2 months ago
Raised 5.00
News (7)
Hibachi launched a new referral page that allows users to link a referral code even if they didn’t sign up via a ref previously. The update enables up to a 55% taker fee discount, lowering fees from 0.045% to 0.02%, and adds a 15% bonus to points. The team also hints at upcoming vault activation and new trading pairs.
Hibachi distributed points yesterday. Due to a sharp rise in two‑week trading volumes, the current conversion is roughly $900 volume = 1 point. The team targets opening a vault and listing new pairs within a couple of weeks, while the taker fee is now 0.02% for all users with fee refunds expected to arrive today or tomorrow.
Hibachi is an invite-only perpetual DEX developed by the Hashflow team.
The platform runs an ongoing points program distributing 500,000 points per week. Farming has been active for over six months, and recent volume decline suggests points may be cheaper to farm currently.
Current terms and metrics: $10–15M daily volume, 0% Maker / 0.03% Taker fees, and OTC point pricing around $0.3–$0.5.
Hibachi updated trading fees to a 0.02% taker fee (formerly 0.045%, a 55% reduction) and 0% maker fee.
Hibachi has distributed points to users.
Balances can now be checked, and referral cashback for overpaid fees appears in the Activity tab.
Total circulating points are about 36,000,000, with an additional 500,000 issued weekly.
A 15% points bonus is available via ongoing promotions.
Hibachi is an early-stage perpetuals exchange reportedly built by former Hashflow team members.
Current daily trading volume is around $15M, up from about $7–8M a week ago.
A points program is live, distributing 500,000 points per week. Points are credited on Mondays.
Users currently report earning roughly 1 point per ~$100 of trading volume (subject to change).
Important events
Hibachi: Partnerships and points boosts
partnership · about 1 month ago
Hibachi: New referral page live (Launch)
launch · 2 months ago
Hibachi: Points and fee update (Points Program)
points program · 2 months ago
Hibachi: Hibachi is an invite-only perpetual
points program · 2 months ago
Hibachi: Hibachi updated trading fees to (Update)
update · 2 months ago
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