TechFlow news, on June 23, according to The Block, prominent crypto venture capital firm Paradigm has exclusively led a $15 million Series A funding round for decentralized exchange startup GTE. GTE calls itself "the world's fastest decentralized exchange," and its founding team says the platform uses a centralized limit order book (CLOB) mechanism, achieving transaction latency on par with centralized exchanges like Binance and Coinbase, while maintaining decentralization. GTE aims to solve issues of "blind trust" in centralized exchanges and high latency and costs in traditional DEXs. The platform has been built on the EVM-compatible MegaETH blockchain, attracting approximately 700,000 users on testnet. Previously, GTE had raised a total of $10 million through three funding rounds.
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