Silhouette Raises $3M Pre-Seed to Bring Confidential Trading to DeFi on Hyperliquid

June 11, 2025 – Silhouette, the pioneering privacy-focused decentralized trading protocol, today announced it has successfully closed a $3 million pre-seed funding round. The round was led by RockawayX, with significant participation from a robust syndicate of investors including Amber Group, HiveMind, No Limit Holdings, and Protagonist, alongside angel investors from HyperActive. This substantial investment underscores the growing demand for privacy solutions in the increasingly transparent world of decentralized finance (DeFi).

DeFi has rapidly evolved into a high-speed, scalable ecosystem, yet its inherent transparency often exposes individual trading strategies and positions to prying eyes, leading to issues like frontrunning and Maximal Extractable Value (MEV). Silhouette is built on the premise that while open public markets are essential, private user interactions are a non-negotiable requirement for the future of on-chain finance.

"At Silhouette, we believe individual confidentiality enhances the foundational benefits of DeFi: accessibility and openness," stated a representative from Silhouette. "Our industry fixed the speed and scale problem; Silhouette solves the privacy problem. The vision of Silhouette is to be the catalyst for the rest of the finance to come on-chain, enabling users to express their views freely, in open and permissionless markets."

Introducing The Shield Exchange: Privacy-Preserving Trading on Hyperliquid

Silhouette introduces "The Shield Exchange," a groundbreaking solution that shields Hyperliquid trades from public visibility. By integrating directly with the Hyperliquid ecosystem, Silhouette inherits its native performance and liquidity while adding a crucial layer of encrypted execution.

The core of Silhouette's technology lies in its utilization of Trusted Execution Environments (TEEs). TEEs enable confidential order flow matching and settlement, providing assurances that no one can view or tamper with a user's orders. This innovative approach offers:

Strategic Protection: Safeguards sensitive trading strategies from exploitation by industrial bot ecosystems.

Freedom of Expression: Allows traders to move freely and express their ideas in absolute confidence without fear of their actions being compromised.

Execution Integrity: Ensures confidential execution of various order types, including swaps, RFQs, and auctions, while maintaining the integrity and speed of Hyperliquid.

Seamless Integration: Facilitates simple interaction with Hyperliquid’s order book for apps, users, and builder code front-ends on HyperCore and HyperEVM.

This pre-seed funding will accelerate Silhouette’s development, allowing the team to expand its features, enhance its integration capabilities, and further its mission to bring a balanced approach of market transparency and user privacy to the forefront of DeFi. Silhouette is poised to usher in a new era where traders can engage in open markets with a crucial degree of protection for their individual strategies.

About Silhouette:

Silhouette is a privacy-focused decentralized trading protocol integrated with the Hyperliquid ecosystem. Utilizing Trusted Execution Environments (TEEs), it enables confidential execution of various order types, protecting users from frontrunning and MEV, and ensuring trader anonymity and execution integrity within DeFi.