Etherex Launches REX Token on Linea: A Relevant DEX Pushing On-Chain Trading Innovation

mev_me_maybe · 2025-12-26T22:18:37+00:00

Etherex is a new decentralized exchange from the collaboration of Consensys, Linea, and Nile, launching its REX token on August 6. It features a dual-token economic model rewarding liquidity providers and incentivizing governance participation, aiming to set new standards in the DEX landscape.

mev_me_maybe

2025-12-26 22:18:37

Abstract generation in progress

A significant development is unfolding in the Linea ecosystem. The collaboration between Consensys, Linea, and Nile has culminated in the introduction of Etherex, a decentralized exchange set to debut its native governance token REX on August 6. This move marks an important evolution in the on-chain DEX landscape.

What Makes Etherex Stand Out

Etherex represents a refined iteration of the Nile Exchange platform, leveraging Ramses v3 technology as its foundation. The protocol implements an x33 token economic model, designed with a clear dual-purpose structure. The first pillar ensures that 100% of incentive rewards distributed to liquidity providers are paid in REX tokens. The second pillar directs 100% of trading fees to xREX holders—users who’ve locked their REX tokens for governance privileges.

Token Distribution Framework

The REX allocation strategy reveals thoughtful ecosystem design. Here’s how the supply is distributed:

26% to Linea and Consensys: Split into 80% xREX and 20% liquid REX tokens
25% for veNILE migration participants: Distributed exclusively as xREX tokens
15% assigned to liquidity pool treasury reserves: Supporting long-term LP sustainability
5% earmarked for CEX listings and market maker operations: Ensuring adequate exchange availability
5% directed to Linea ecosystem partners: Strengthening collaborative development
24% retained in the Etherex protocol treasury: Providing flexibility for future governance decisions

How the Incentive Mechanism Works

The dual-token system creates aligned incentives. Liquidity providers earn REX rewards for supplying capital, while those who convert their REX into xREX gain voting rights to direct future liquidity incentives. This structure transforms passive LPs into active protocol participants.

Current Market Context

As of December 26, 2025, REX demonstrates early market dynamics with a 24-hour trading volume of $20.24K and a circulating market cap of $192.24K. The token operates with 900 million coins currently in circulation against a total supply of 3 billion REX tokens.

Etherex’s launch represents a relevant DEX model where community governance directly influences capital allocation, potentially setting new standards for how decentralized exchanges reward their participants.

REX4,92%

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