The decentralized trading area raised $ 15 million in a series A round led by the paradigm, according to a announcement Made in X.
GTE describes itself as the “fastest world -decentralized exchange,” a label is often attributed to hyperliquid. The Derivatives Exchange is one of the stories of success of this crypto cycle, which has been racking up more than $ 1 trillion in combined -a joint trading volume in 2025, Defillama Data displays.
While GTE plans to compete with Hyperliquid in terms of speed, it also wants to target Uniswap and Pancake swap to make trade trades cheaper and better.
The GTE Website It is shown that it will use a central limit book of the limit to match buyers and sellers compared to the Uniswap model, which involves pools and an automatic market manufacturer’s machine.
GTE co-founder Enzo Coglitore said he expects the latency to be together in Binance and Coinbase, in an interview with The block.
Trade companies have long been Grappled with latency issues in crypto markets. Even the FTX, once charged as an exchange built by entrepreneurs for entrepreneurs, has high -latency problems and API bugs.
The difference between the GTE and these centralized areas is that the GTE is completely non-custodial. This means that merchants can trade possessions without giving up the care of the exchange itself, avoiding the risk of another Exchange Implosion such as FTX.
Read more: Hyperliquid’s Hype becomes fifth largest token in futures trading
