what's Etherex?
Etherex is a decentralized exchange (DEX) built on the Linea network, an Ethereum Layer 2 scaling solution. It functions as a MetaDEX, integrating advanced liquidity mechanisms inspired by x(3,3) tokenomics from protocols like Ramses v3. The platform emphasizes aligned incentives, where trading fees and emissions are directed to liquidity providers and voters through its governance token, enabling programmable liquidity and MEV-resistant trading. Key features include concentrated liquidity pools with dynamic fees for efficient trades and LP protection during volatility, alongside auto-compounding yield options via liquid-staked tokens like REX33. Etherex supports Ethereum-centric architecture, powering ecosystem growth through partnerships like Linea's Ignition program, which directs incentives to liquidity provision and scales the network's DeFi infrastructure.
A CROAK-WETH concentrated liquidity pool on Linea offers 4682.27% APY.
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A USDT-WETH concentrated liquidity pool on Linea offers 410.76% current APY and 321.27% 30-day average APY with $193,193 TVL.
A CROAK-WETH concentrated liquidity pool on Linea offers 4682.27% APY.
A wrsETH <> ETH Concentrated Liquidity pool goes live on the platform.
Etherex integrates with Binance Wallet as a newly added dApp, now live for users.
A new staking program activates where REX holders earn rewards from all tokens released on Meme Dealer platform, with first participants receiving the largest reward pool share.
SharpLink Gaming onboards Joe Chalom while the project establishes the Linea Consortium and makes additional new hires.
MetaMask Rewards system launches an 87-day campaign offering 1.5X points for MetaMask usage and 2X points for Linea ZkEVM transactions, creating usage incentives for the metaDex on Linea.
The project abandons all future CEX listing plans including a rejected Binance offer and burns 17.5M $REX tokens originally allocated for market makers and exchange listings.
The project burns 17.5M $REX tokens previously allocated for market makers and CEX listings, and announces it will not pursue centralized exchange listings for $REX or $REX33 tokens after receiving and rejecting offers similar to Binance's standard terms.
Positioned as the main DEX on Linea and will benefit from ETH injection to Linea through SharpLinkGaming's $SBET token. The ecosystem includes $Rex, $Rex33 for liquid staking, and $xRex for DEX voting.
REX token operations migrate completely from Solana to Bitcoin with ~$30K LP closure and 6-month bridge deadline (April) for holders, while Wave 2 presale claims close imminently ahead of RuneX stealth product launch.
MetaMask token TGE is upcoming alongside the platform's new perpetual trading feature powered by Lighter protocol, aimed at closing the gap with competitor Rabby wallet.
The protocol's $REX token is recognized as a current leader in FDV/Revenue ratio alongside major DeFi protocols GMX, Sky Ecosystem, and Pump.fun.
Consensys backing is confirmed alongside Sharplink Gaming's $3.6B in ETH ready for deployment on Linea with the platform serving as the liquidity hub.
Launched avUSD/frxUSD liquidity pool with 20% APR, driving LayerZero cross-chain message volumes for Frax assets on Linea.
Platform leads all Linea protocols in fee generation while confirming Sbet's ETH deployment strategy through RenzoProtocol for liquidity provision.
MetaMask plans direct integration with mUSD and debit card functionality, while SharpLink consortium membership confirms strategic deployment of ETH treasury for DeFi yield generation on platform.
New $1B TVL target announced with protocol-specific reward structure based on swap volume and slippage for liquidity providers.
Linea launches 1B token incentive program for liquidity providers with ZK-proof based reward distribution.
TVL surges 950% to $200M with upcoming Sbet integration bringing potential $750M+ in new assets.
$REX records fastest weekly holder base growth rate among tokens on Linea Build.
New liquidity hub launches on Linea network, expanding platform capabilities beyond smart routing.
Smart routing integration goes live on Linea Build and OpenOcean Linea, expanding DEX accessibility and routing efficiency.
MetaMask card integration launches with double-digit spending rewards.
Platform TVL crosses $120M through (3,3) mechanism implementation.
DEX reaches $100M TVL within days of token generation event.
SharpLink Gaming plans to deposit billions in liquidity, while tokenomics confirms no VC unlock periods.
Developer behind unauthorized $40M USDC movement is identified as operator of multiple related protocols including RamsesExchange, PharaohExchange, and ShadowOnSonic, indicating systematic pattern of cross-chain fund extraction.
Spot trading and deposits now live on platform for $REX token.
Astera Finance integrates with platform to become stablecoin yield hub, launching custom money market features in coming months.
Native token $REX launches on August 6 for the Linea-based DEX platform.
Major DEX launch on Linea backed by Consensys and NILE partnership.
Linea blockchain deployment is now live
veNILE holders must extend lock periods to 3.5+ years to qualify for upcoming Linea migration.