TechFlow reported on January 16 that, according to The Block, decentralized exchange GTE has announced raising a total of $10 million in funding, comprising a $1.5 million pre-seed round, a $6.942 million seed round, and a $2.5 million community round raised through Cobie's Echo platform. Investors include prominent firms such as Maven 11, Wintermute, and Flow Traders, with the company valued in the "upper range of eight figures."
GTE will be built on the MegaETH blockchain and claims it will become the "world's fastest decentralized exchange." The project is currently in the private testnet phase and plans to launch alongside MegaETH's public testnet and mainnet. The team currently consists of 10 members from companies including Palantir, GSR, Bitstamp, and AWS.
