A startup collects $ 15 million, directed by paradigm, aimed at competing with hyperliquid

According to an ad on X.

GTE describes itself as “the fastest decentralized exchange in the world”, a label often attributed to the hyperliquid. The exchange of derivatives is one of the success stories of this crypto cycle, having accumulated more than 1 dollars billion in trading volume cumulative in 2025, according to Defilma data.

While GTE plans to compete with the hyperliquid in terms of speed, he also wants to target a UNISWAP and PANCAKE swap to make punctual professions cheaper and more effective.

The GTE website shows that it will use a central limit command book to match buyers and sellers as opposed to the UNISWAP model, which involves liquidity pools and an automated market engine.

The co-founder of GTE, Enzo Coglitore, said that he expects the latency to compete with Binance and Coinbase, in an interview with The Block.

Commercial companies have long struggled with latency problems on cryptographic markets. Even FTX, once billed as the scholarship built by traders for merchants, had high latency problems and API bugs.

The difference between GTE and these centralized places is that GTE will be completely non -guardian. This means that traders can exchange assets without giving the custody to the exchange itself, avoiding the risk of another exchange of exchange like FTX.

Read more: hyperliquid media threw becomes the fifth largest token in long -term trading

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