Hibachi airdrop guide: how to farm points on the ZK-powered perp DEX (2026)

What is Hibachi?

Hibachi is a decentralised perpetual trading protocol (perp DEX) that uses ZK-proof technology to encrypt user positions, balances, and order sizes while settling batched trades on-chain, giving professional traders CEX-level execution speed with on-chain transparency and self-custody of funds. It is built on Celestia for data availability and uses a custom off-chain order book combined with on-chain ZK settlement - meaning trades execute off-chain for speed but are provably settled on-chain, so the protocol can demonstrate solvency at all times without revealing individual position data.

Hibachi launched its beta in June 2025 and has accumulated over $6.7 billion in cumulative trading volume since, with approximately $7 million in daily volume and $1.5 million in open interest at the time of research. It targets professional traders specifically, with features including FX (foreign exchange) pairs alongside crypto perpetuals - an unusual offering for a DEX. Hibachi raised $5 million in a seed round from Dragonfly Capital, Electric Capital, and Circle Ventures, with a planned follow-on round of $10-15 million, suggesting the team is building toward a significant token event.

Is the Hibachi airdrop confirmed?

Hibachi has not confirmed a formal airdrop, but it is running a live points programme that has been distributing weekly since March 2025, and based on the project's roadmap signals and public statements, a TGE appears targeted for Q3 2026 with a genesis airdrop allocation of approximately 20% of supply going to historical contributors. This is not an official announcement - the team has not published a confirmed TGE date - but the combination of a $5 million Dragonfly-backed raise, a live points programme running for over a year, $6.7 billion in cumulative trading volume, and the Q3 2026 framing that appears across the project's public communications makes this one of the more defined perp DEX timelines in the current cycle.

The points programme distributes points every Monday at 00:00 UTC based on trading volume, referral activity, and completion of trading quests. The weekly pool has grown from 500,000 to 1,000,000 points as the user base expanded. With March 2025 as the start date and a Q3 2026 target, the programme has been running for over a year - meaning the earliest participants have built significant point leads.

Hibachi Airdrop Details

• Project: Hibachi

• Chain: Built on Celestia (ZK-proof settlement, off-chain order book)

• Type: Perp DEX (perpetuals + FX pairs)

• Status: Ongoing - mainnet live, weekly points distributions active since March 2025

• Token: Not yet launched - TGE rumoured Q3 2026 (unconfirmed)

• Points programme: Weekly distributions every Monday based on volume, referrals, and quests

• Weekly pool: 1,000,000 points distributed per week

• Genesis airdrop allocation: ~20% of supply to historical contributors (unconfirmed - no official announcement)

• Cost to farm: Trading fees apply; gas is minimal (~$0.1-0.3 per trade)

• Backers: Dragonfly Capital, Electric Capital, Circle Ventures, Echo

• Funding: $5 million seed; follow-on of $10-15 million planned

• Join: Hibachi

How to Farm the Hibachi Airdrop

To farm Hibachi, connect a wallet to hibachi.xyz, build consistent trading volume each week to earn the most points, complete active quests for multipliers, refer others using your code, and focus on FX pairs where competition is lower relative to crypto pairs.

1. Connect to hibachi.xyz. Go to the platform and connect your wallet. Hibachi uses self-custody - your funds stay in your wallet and are only committed when positions are open.

2. Understand how points are distributed. Points drop every Monday at 00:00 UTC. Your share of the weekly 1,000,000-point pool is proportional to your activity during that week - primarily trading volume, referrals, and quest completions. Higher volume means a larger share.

3. Trade consistently each week. Rather than concentrating volume in one session, spreading trades across the week registers more consistent activity. Delta-neutral strategies (going long on one pair and short on another) allow you to build volume without large directional risk - a common approach among serious point farmers.

4. Complete trading quests. Hibachi runs quests that offer multipliers on points. Check the quest board regularly as new quests appear - completing them early before the competition catches on is the most efficient way to earn multipliers.

5. Focus on FX pairs. Hibachi's FX (foreign exchange) perpetuals are an unusual feature for a perp DEX. Community analysis suggests these pairs have lower competition relative to crypto pairs, meaning the same volume earns a larger share of the weekly pool. If FX pairs are available and active, prioritise them.

6. Use a referral code and share yours. Referral codes give a 15% point boost and a 15% fee discount. Use an active community code when you sign up, and share yours to earn ongoing referral points from everyone who trades under your code.

7. Track your rank on the leaderboard. Hibachi has a public leaderboard. The top ranks require millions of dollars in weekly volume, so competing for the top positions is only realistic with significant capital. For most farmers, consistent mid-tier volume is the most cost-effective approach.

How much does it cost to farm Hibachi?

Farming Hibachi costs trading fees on each position plus minimal on-chain settlement fees of approximately $0.1-0.3 per trade thanks to its ZK architecture. The 15% fee discount from using a referral code directly reduces this ongoing cost from day one.

The more significant cost for most farmers is the capital required to generate meaningful weekly volume. Because points are distributed proportionally from a shared pool, how much you earn depends as much on what others are doing as on your own activity. As the protocol grows and the weekly pool is split among more traders, point dilution becomes a real factor - getting in early and building a volume history before the user base expands is the most defensible strategy.

Is Hibachi safe and legit?

Hibachi is a legitimate, funded protocol with $6.7 billion in cumulative trading volume, backing from Dragonfly Capital, and a ZK-proof architecture designed to provide verifiable solvency - but as a relatively new perp DEX it carries smart-contract risk and the usual counterparty risks of leveraged trading.

The ZK-proof settlement model provides a meaningful safety guarantee that most DEXs lack: the protocol can prove solvency without revealing individual positions, which reduces the risk of undisclosed insolvency problems common at centralised venues. Dragonfly Capital as a lead backer is a strong signal of due diligence given their reputation in the space. That said, trading with leverage always carries liquidation risk, and ZK systems have their own proving infrastructure that can fail or delay. Only use hibachi.xyz (the official domain), verify contract addresses through official channels, and never commit capital you cannot afford to trade with.

Hibachi Airdrop FAQ

When is the Hibachi token launch?

Hibachi has not officially confirmed a TGE date. No official TGE date has been confirmed. Based on the project's roadmap signals and the timeline of the points programme - which started in March 2025 and has been building toward a clear end point - a Q3 2026 launch with a genesis airdrop allocation to historical contributors appears probable but remains unconfirmed. Monitor Hibachi's official X account and Discord for any formal confirmation.

How does the Hibachi points programme work?

Points are distributed every Monday at 00:00 UTC from a weekly pool of 1,000,000 points. Your share is proportional to your activity during the week - primarily trading volume on the platform, successful referrals of new traders, and completion of trading quests which provide multipliers. The programme started in March 2025 and has been running continuously since.

What makes Hibachi different from other perp DEXs?

Two things stand out. First, Hibachi uses ZK proofs to encrypt positions, balances, and order sizes - a privacy feature no other major perp DEX currently offers. Second, it offers FX (foreign exchange) perpetual markets alongside crypto pairs - letting traders speculate on currency pairs on-chain without a centralised broker. The combination of privacy, FX access, and self-custody is the core product differentiation.

What is the referral code benefit on Hibachi?

Using a referral code on Hibachi gives you a 15% point boost and a 15% discount on trading fees from your first interaction. This applies permanently to your account, not just initially, making it one of the more generous referral benefits in the perp DEX space. Sharing your own code earns you ongoing points whenever someone you referred trades on the platform.

Is Hibachi invite-only?

Hibachi launched its beta in June 2025 and has progressively opened access. At the time of writing the platform is accessible to new users, though some features and trading tiers may be gated. Check hibachi.xyz directly for current access status as the team continues to expand availability ahead of any TGE.

See also our guide to 01.xyz - another high-traction perp DEX with an active points programme, and the full 2026 airdrop list on AirdropSea.