Paradigm Invests $15 Million in GTE, Ultra-Fast DEX Built on MegaETH

• Paradigm leads $15 million round in GTE
• GTE promises centralized exchange performance with decentralization
• MegaETH-based DEX seeks to compete with Uniswap and Binance

Paradigm, a venture capital firm focused on the cryptocurrency sector, has invested US$15 million in Global Token Exchange (GTE), a decentralized exchange that claims to operate at the same speed as giants like Binance and Coinbase, without giving up the principles of decentralization.

what @GTE_XYZ is developing WILL transform how you see and consume all assets: both degen and institutional.

the fresh $15M series A from @paradigm just puts more fuel on the fire for what we already knew – and why we have been directly incubated by the @GTE_XYZ team for the… https://t.co/Cb8ZUgnTNN pic.twitter.com/PLeDoX4rAc

— legend.trade (@legenddottrade) June 23, 2025

The Series A round was led exclusively by Paradigm, which highlighted GTE’s combination of “team and technology” as a competitive differentiator over centralized exchanges and automated market makers such as Uniswap and PancakeSwap. According to GTE’s founders, the startup operates with a central order book (CLOB) that processes transactions with latency equivalent to that of the largest centralized exchanges on the market.

“We have developed a central limit order book that updates at exactly the same latency as Binance or Coinbase, without sacrificing any of the properties of decentralization in terms of non-custodial, composability, permissionlessness, etc.”, explained Enzo Coglitore, co-founder of the platform.

GTE’s proposal is to eliminate the need for “blind trust” required by centralized exchanges and bypass the high costs and latency of traditional DEXs. With an architecture built from scratch, the platform enables a fluid trading experience, according to Coglitore.

GTE’s infrastructure is built exclusively on MegaETH, an Ethereum Virtual Machine (EVM)-compatible blockchain. This ensures compatibility with Ethereum wallets and tools, while delivering scalability and performance.

Targeting retail traders and liquidity providers, the platform offers 24-hour trading without geographical restrictions. “Our goal is to enable anyone to trade any asset, from anywhere, at any time,” said Matteo Lunghi, co-founder of GTE.

Prior to this round, GTE had already raised $10 million in three phases: pre-seed, seed, and a community-focused round. Since launching its testnet earlier this year, the exchange has attracted approximately 700.000 users interested in its high-performance DEX proposition.