Introducing Etherex: The Future of DeFi with REX Token

Etherex, a newly launched decentralized exchange (DEX) on Linea, debuted its token REX on Wednesday, aiming to establish a 'smarter DeFi stack.' Announced via a post on X, REX is now operational on Linea, an Ethereum Layer 2 network backed by Consensys, featuring a unique fee structure that reduces transaction costs over time. Initially set at 50%, the fee declines to 2% within 30 minutes to deter bot trading. Launched on July 28, 2025, Etherex was created through collaboration with Linea, Consensys, and Nile. The platform's tokenomics mirror those of Ramses v3, redirecting all fees to token holders while excluding team allocations. This exchange supports Linea's vision of establishing a hub for Ethereum and stablecoin trading, utilizing REX as its primary token and introducing variants like xREX and REX33. According to Etherex, '$REX establishes the groundwork for a smarter DeFi stack' with liquid x(3,3) tokenomics and auto-compounding yield features. The DEX also emphasizes instant liquidity access from day one, eliminating the previous requirement to lock tokens for extended periods. Now, users can engage in voting positions using the REX33 model immediately. As reported at 3:00 a.m. Wednesday ET, REX trades around $0.604, achieving a market cap of $213.5 million, per Dexscreenerdata. Joseph Lubin, Ethereum co-founder and CEO of Consensys, praised Etherex as a 'dynamic MetaDEX' that embodies Ethereum's core principles: credible neutrality, deep composability, and aligned incentives. He stated, 'REX introduces a new dimension of liquidity coordination for Linea and the wider Consensys ecosystem,' marking a pivotal advancement towards a modular, programmable DeFi stack that better serves users and developers.