由范式支持的新DEX GTE进入了竞争性DEX市场。其Clob模型会破坏AMM的主导地位吗？看看DEX竞赛的创业投资。

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

DEX竞赛加热：范式对GTE和启动投资格局的押注

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）竞技场正在爆炸，Bybit进入比赛，总DEX量超过130亿美元。在这个疯狂的GTE中，GTE出现了，有望超过集中和分散的交流。其战略的关键？由范式领导的中央限制订单（CLOB）型号（CLOB）模型和1500万美元的A系列资金回合。

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

Paradigm在GTE上的1500万美元投资：大胆的举动？

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的投资信号表明对GTE的愿景信心。 GTE的目标是成为“最快的分散交易所”，扩展其全球代币交易所（GTE），以使DEX现货交易更快，更便宜。联合创始人Mattro Lunghi和Enzo Coglitore押注在其GTE交易引擎内整合发射台，现货交易和利用交易，以直接与速度和流动性的集中交易所（CEXS）竞争。

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

Clob vs. AMM辩论：GTE可以破坏现状吗？

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选择CLOB模型是与Uniswap，SushisWap等人使用的流行自动化做市商（AMM）框架背道而驰。尽管AMM提供了无许可的上市和深厚的流动性，但它们可能会遭受流动性提供者的无常损失，并且对于大型交易的定价较低。 Clob模型受到血清和DyDX等DEX的青睐，直接与链上的买卖订单匹配，可能会减少滑倒并改善价格发现。 GTE建立在Megaeth的顶部，这是一种层1区块链，有望更高的吞吐量和较低的气体费用，这对于次秒交易终结至关重要。

The AMM Advantage: A Numbers Game

AMM优势：数字游戏

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风格的DEX在交易量，TVL和用户采用方面占主导地位。在2025年第1季度，仅UNISWAP和PACAKESWAP就占所有DEX量的近一半，AMM总共占70％以上。 Clob风格的DEXS命令单位百分比，通常适合专业交易者并需要专门的基础设施。即使是快速增长的订单订单永久平台，甚至超级流动，也捕获了有限的衍生产品量。

Challenges and Opportunities for GTE

GTE的挑战和机遇

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面临克服AMM既定的统治地位的挑战。它的CLOB模型需要在竞争性的现场交易环境中证明其优势。来自范式的1500万美元资金提供了至关重要的支持，但执行是关键。 GTE可以兑现其速度，低滑倒和提高价格发现的承诺吗？市场将密切关注。

The Future of DEXs: A Race to Innovation

DEXS的未来：创新竞赛

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景观远非定居。凭借Bybit的Byreal和创新方法等新进入者，例如GTE的Clob模型，Dex至高无上的竞赛就开始了。成功的关键将是通过提供无缝，高效且具有成本效益的交易经验来吸引零售和专业交易者。这是进入加密货币空间的激动人心的时刻，我们迫不及待地想看看谁脱颖而出……也许是时候掌握我们的交易技巧了！