由范式支持的新DEX GTE進入了競爭性DEX市場。其Clob模型會破壞AMM的主導地位嗎？看看DEX競賽的創業投資。

DEX Race Heats Up: Paradigm's Bet on GTE and the Startup Investment Landscape

DEX競賽加熱：範式對GTE和啟動投資格局的押注

The decentralized exchange (DEX) arena is exploding, with Bybit entering the race and total DEX volume surpassing $13 billion. Amidst this frenzy, GTE emerges, promising to outpace both centralized and decentralized exchanges. Key to its strategy? A Central Limit Order Book (CLOB) model and a fresh $15 million Series A funding round led by Paradigm.

分散的交易所（DEX）競技場正在爆炸，Bybit進入比賽，總DEX量超過130億美元。在這個瘋狂的GTE中，GTE出現了，有望超過集中和分散的交流。其戰略的關鍵？由范式領導的中央限制訂單（CLOB）型號（CLOB）模型和1500萬美元的A系列資金回合。

Paradigm's $15M Investment in GTE: A Bold Move?

Paradigm在GTE上的1500萬美元投資：大膽的舉動？

Paradigm's investment signals confidence in GTE's vision. GTE aims to be the "fastest decentralized Exchange," scaling its Global Token Exchange (GTE) to make DEX spot trading faster and cheaper. Co-founders Mattro Lunghi and Enzo Coglitore are betting on integrating launchpads, spot trading, and leverage trading within their GTE Trading engine to compete directly with centralized exchanges (CEXs) on speed and liquidity.

Paradigm的投資信號表明對GTE的願景信心。 GTE的目標是成為“最快的分散交易所”，擴展其全球代幣交易所（GTE），以使DEX現貨交易更快，更便宜。聯合創始人Mattro Lunghi和Enzo Coglitore押注在其GTE交易引擎內整合發射台，現貨交易和利用交易，以直接與速度和流動性的集中交易所（CEXS）競爭。

The CLOB vs. AMM Debate: Can GTE Disrupt the Status Quo?

Clob vs. AMM辯論：GTE可以破壞現狀嗎？

GTE's choice of a CLOB model is a departure from the popular Automated Market Maker (AMM) framework used by Uniswap, SushiSwap, and others. While AMMs offer permissionless listing and deep liquidity, they can suffer from impermanent loss for liquidity providers and less precise pricing for large trades. CLOB models, favored by DEXs like Serum and dYdX, directly match buy and sell orders on-chain, potentially reducing slippage and improving price discovery. GTE is built atop MegaETH, a layer-1 blockchain promising higher throughput and lower gas fees, which are crucial for sub-second transaction finality.

GTE選擇CLOB模型是與Uniswap，SushisWap等人使用的流行自動化做市商（AMM）框架背道而馳。儘管AMM提供了無許可的上市和深厚的流動性，但它們可能會遭受流動性提供者的無常損失，並且對於大型交易的定價較低。 Clob模型受到血清和DyDX等DEX的青睞，直接與鏈上的買賣訂單匹配，可能會減少滑倒並改善價格發現。 GTE建立在Megaeth的頂部，這是一種層1區塊鏈，有望更高的吞吐量和較低的氣體費用，這對於次秒交易終結至關重要。

The AMM Advantage: A Numbers Game

AMM優勢：數字遊戲

Currently, AMM-style DEXs dominate in terms of trading volume, TVL, and user adoption. In Q1 2025, Uniswap and PancakeSwap alone accounted for nearly half of all DEX volume, with AMMs representing over 70% in total. CLOB-style DEXs command single-digit percentages, often catering to professional traders and requiring specialized infrastructure. Even Hyperliquid, a fast-growing order-book perpetual platform, captures a limited share of derivatives volume.

目前，AMM風格的DEX在交易量，TVL和用戶採用方面占主導地位。在2025年第1季度，僅UNISWAP和PACAKESWAP就佔所有DEX量的近一半，AMM總共佔70％以上。 Clob風格的DEXS命令單位百分比，通常適合專業交易者並需要專門的基礎設施。即使是快速增長的訂單訂單永久平台，甚至超級流動，也捕獲了有限的衍生產品量。

Challenges and Opportunities for GTE

GTE的挑戰和機遇

GTE faces the challenge of overcoming the established dominance of AMMs. Its CLOB model needs to prove its advantages in a competitive spot trading landscape. The $15 million funding from Paradigm provides crucial support, but execution is key. Can GTE deliver on its promise of speed, low slippage, and improved price discovery? The market will be watching closely.

GTE面臨克服AMM既定的統治地位的挑戰。它的CLOB模型需要在競爭性的現場交易環境中證明其優勢。來自範式的1500萬美元資金提供了至關重要的支持，但執行是關鍵。 GTE可以兌現其速度，低滑倒和提高價格發現的承諾嗎？市場將密切關注。

The Future of DEXs: A Race to Innovation

DEXS的未來：創新競賽

The DEX landscape is far from settled. With new entrants like Bybit's Byreal and innovative approaches like GTE's CLOB model, the race for DEX supremacy is on. The key to success will be attracting both retail and professional traders by offering a seamless, efficient, and cost-effective trading experience. It's an exciting time to be in the crypto space, and we can't wait to see who comes out on top... maybe it's time to brush up on our trading skills!

DEX景觀遠非定居。憑藉Bybit的Byreal和創新方法等新進入者，例如GTE的Clob模型，Dex至高無上的競賽就開始了。成功的關鍵將是通過提供無縫，高效且具有成本效益的交易經驗來吸引零售和專業交易者。這是進入加密貨幣空間的激動人心的時刻，我們迫不及待地想看看誰脫穎而出……也許是時候掌握我們的交易技巧了！