Decentralized exchange GTE completes $15 million Series A financing, led exclusively by Paradigm

Odaily Planet Daily News Paradigm recently announced that it has exclusively led the $15 million Series A financing of the decentralized trading platform GTE (Global Token Exchange). The platform calls itself the "world's fastest DEX" and aims to challenge the performance of centralized exchanges such as Binance and Coinbase. GTE co-founder Enzo Coglitore said that the platform is built on the central limit order book (CLOB), and the order matching delay is comparable to that of centralized exchanges, but it still maintains the core characteristics of "decentralization, permissionless, composable and non-custodial", and is committed to solving the current DEX common problems of "high order delay and high transaction costs". Paradigm partners Charlie Noyes and Caitlin Pintavorn said that they are optimistic about the GTE team and technology combination, and believe that it has the potential to compete with centralized exchanges and AMM protocols (such as Uniswap and PancakeSwap). GTE is currently built on the EVM-compatible public chain MegaETH. Its test network was launched at the beginning of the year and has attracted about 700,000 users to participate in the test. It is reported that GTE has previously raised a total of US$10 million in pre-seed, seed and community rounds, with supporters including early community members and platform users.