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

BlockBeats reported on June 10 that Silhouette, the privacy execution layer built on Hyperliquid, officially announced the completion of a $3 million Pre-Seed funding round led by RockawayX, with participation from Amber Group, HiveMind, Protagonist, No Limit Holdings, NGC Ventures, and Echo.

Silhouette is a "Shield Exchange" built on Trusted Execution Environment (TEE) technology, aiming to enable privacy-preserving order matching and settlement functionality on Hyperliquid. It supports both HyperCore and HyperEVM, offering a novel DeFi experience that includes advanced strategy operations such as TWAP, VWAP, and RFQ. The project seeks to address the issue of "excessive transparency" in on-chain trading, allowing users to trade freely without exposing their strategies.