According to Foresight News and reported by The Block, the well-known cryptocurrency venture capital firm Paradigm exclusively led a $15 million Series A funding round for the decentralized exchange startup GTE. The founding team of GTE stated that the platform uses a centralized limit order book (CLOB) mechanism, achieving trading latency comparable to centralized exchanges like Binance and Coinbase, while maintaining decentralized characteristics. GTE aims to address the 'blind trust' in centralized exchanges and the high latency and costs associated with traditional DEXs. The platform has been built on the EVM-compatible MegaETH blockchain, with the testnet attracting around 700,000 users. Previously, GTE had raised a total of $10 million through three rounds of financing.