GTE has completed a $10 million funding round and plans to launch a decentralized exchange based on MegaETH.

The decentralized exchange GTE (Global Token Exchange) is developed based on the yet-to-be-launched MegaETH blockchain and has raised $10 million through three funding rounds, including $1.50 million in a pre-seed round completed in Q3 2024, $6.94 million in a seed round completed in Q4, and a recent $2.50 million community round completed on the Echo platform. Its supporters include institutions such as Maven 11, Wintermute, and Flow Traders, as well as independent investors like Jump Trading. It is currently in the private testnet phase and plans to launch in sync with the MegaETH public testnet and mainnet.