Celestia has introduced Private Blockspace, a new solution leveraging "Verifiable Encryption" to balance data privacy with on-chain verifiability. This innovation allows protocols to publish encrypted states on Celestia, ensuring data availability and protocol commitments can be publicly verified without exposing sensitive information like balances, positions, or orders. The solution is designed for perpetual contracts, order books, and institutional-grade on-chain infrastructure. The first implementation of this technology is with the perpetual contract exchange Hibachi.