Etherex exchange launched the REX token on Linea with a gradual fee reduction mechanism.

Etherex, a new DEX built on the Linea network (Ethereum Layer 2 of Consensys), officially launched the REX token on August 6th. To prevent trading bots, the initial REX purchase orders will incur a 50% fee, which will gradually fall to 2% over the course of 30 minutes.

Etherex will launch on July 28, 2025, in collaboration with Linea, Consensys, and Nile. The tokenomics of the platform is similar to Ramses v3: there is no token allocation for the team, and all fees are redistributed to holders. In addition to REX, the ecosystem also includes xREX and REX33 – a model that allows for instant trading of voting rights without the need to lock tokens for four years.

REX integrates an auto-compounding mechanism and tokenomics x(3,3), aiming to build a "smarter" DeFi stack.

As of 3 AM ET, the price of REX reached approximately 0.604 USD with a market capitalization of 213.5 million USD according to Dexscreener.

Co-founder of Ethereum and CEO of Consensys, Joseph Lubin, commented: "REX unlocks a new layer of liquidity for Linea and the Consensys ecosystem, bringing us closer to modular and programmable DeFi."