Official announcements from Global Token Exchange or credible financial news sources

Global Token Exchange Raises $10M, Potentially $50M, for Fastest DEX on MegaETH

Jan 16, 2025, 04:55 PM

Global Token Exchange (GTE), a decentralized exchange (DEX) built on the MegaETH blockchain, has raised $10 million in funding. This includes $2.5 million raised through Echo, a platform designed to involve crypto users directly. GTE aims to create the fastest decentralized exchange, leveraging MegaETH's blockchain capabilities, which reportedly handle up to 100,000 transactions per second. The funding round saw participation from prominent investors such as Maven 11 and Wintermute. Additionally, some reports suggest GTE may have secured up to $50 million in funding. GTE is positioning itself as a vertically integrated trading venue, aiming to replicate the user experience of centralized exchanges while maintaining on-chain operations.