PANews reported on June 23 that according to The Block , the well-known crypto venture capital firm Paradigm exclusively led the $ 15 million Series A financing of GTE , a decentralized exchange startup. GTE calls itself "the world's fastest decentralized exchange." Its founding team said that the platform uses a centralized limit order book ( CLOB ) mechanism, and the transaction delay is on par with centralized exchanges such as Binance and Coinbase , while maintaining decentralized characteristics. GTE aims to solve the problems of "blind trust" in centralized exchanges and high latency and high cost of traditional DEX . The platform has been built on the EVM -compatible MegaETH blockchain, and the test network has attracted about 700,000 users. Previously, GTE has received a total of $ 10 million in investment through three rounds of financing .