Silhouette, a privacy execution layer based on Hyperliquid, has completed a $3 million Pre-Seed funding round led by RockawayX.

On June 10th, BlockBeats reported that Silhouette, which is a privacy execution layer built on Hyperliquid, officially announced the completion of a $3 million Pre-Seed funding round. This round was led by RockawayX, with the participation of Amber Group, HiveMind, Protagonist, No Limit Holdings, NGC Ventures, and Echo. Silhouette is a "Shield Exchange" constructed based on Trusted Execution Environment (TEE) technology. Its goal is to enable privacy-preserving order matching and settlement functions on Hyperliquid. It supports both HyperCore and HyperEVM, providing a novel DeFi experience that includes advanced strategy operations such as TWAP, VWAP, and RFQ. The project aims to address the problem of "excessive transparency" in on-chain trading, enabling users to trade freely without exposing their strategies.