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Paradigm leads GTE's $15 million Series A to build a fast DEX
PANews reported on June 23 that Paradigm, a well-known crypto venture capital institution, exclusively led a $15 million Series A financing of decentralized exchange startup GTE. The founding team of GTE, which describes itself as “the world’s fastest decentralized exchange”, said that the platform uses a centralized limit order book (CLOB) mechanism, and the transaction latency is on par with that of a centralized exchange such as a trading platform, while maintaining the decentralized nature. GTE aims to solve the problems of “blind trust” of centralized exchanges and high latency and high cost of traditional DEXs, and the platform has been built on the EVM-compatible MegaETH blockchain, and the testnet has attracted about 700,000 users. Previously, GTE has received a total of $10 million in investment through three rounds of financing.