What to know:
- GTE has successfully raised $15 million in Series A funding, spearheaded by Paradigm, aiming to establish itself as a swift decentralized exchange to compete with prominent players like HyperLiquid, Uniswap, and PancakeSwap.
- The exchange plans to utilize a central limit order book model for quicker and more affordable spot trading, presenting itself as a streamlined alternative to AMM-based platforms.
- Additionally, GTE will maintain a fully non-custodial framework, enabling users to retain ownership of their assets while achieving latencies comparable to centralized exchanges like Binance and Coinbase.
Decentralized trading platform GTE has made headlines by securing $15 million in funding during its Series A round, notably led by Paradigm. GTE positions itself as the “world’s fastest decentralized exchange”, a claim commonly associated with HyperLiquid. The decentralized derivatives exchange has amassed over $1 trillion in cumulative trading volume in 2025, according to data from DefiLlama.
While GTE strives to match HyperLiquid in terms of speed, it also aims to challenge Uniswap and PancakeSwap by making spot trading more affordable and efficient. The GTE website outlines its plans to employ a central limit order book for matching trades, a contrast to Uniswap’s model reliant on liquidity pools and an automated market maker (AMM) system.
In an interview with The Block, GTE co-founder Enzo Coglitore expressed optimism that latency benchmarks would rival those of Binance and Coinbase.
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