According to Polymarket data, traders assign a 72% probability to Hibachi, a decentralized perpetual futures exchange, launching a governance token by December 31, 2026, while a March 31 deadline contract trades at just 2%. The prediction market contract, created December 27, 2025, reflects growing conviction that the protocol will formalize tokenomics this year.
Hibachi has processed over $10 billion in cumulative perpetual futures volume on Arbitrum and Base since launch using a hybrid central limit order book and zero-knowledge proof architecture. The protocol raised $5 million in seed funding in March 2025 from Dragonfly, Electric Capital, and Echo. In March 2026, Hibachi doubled weekly points distributions to one million, a pattern historically preceding token launches in DeFi. The team plans a stablecoin-settled foreign exchange trading venue on Circle's Arc Layer 1 blockchain, targeting launch in the second half of 2026.