etherex

ChainCatcher news, a suspected ConsenSys associated address has purchased $1.2 million worth of Etherex token REX from the Linea ecosystem DEX protocol in the past two weeks.On August 16, the address 0x0521b received 1.25 million USDC from a MetaMask multi-signature address, and subsequently bought REX. The address then transferred the tokens to a new multi-signature address and staked REX.

ChainCatcher news, according to dynamic data from RootData X, in the past 24 hours:The decentralized exchange based on Linea, Etherex, has attracted attention from former ConsenSys Mesh partner Shawn Cheng, DeFi super user DeFi Dad, and others.The Hyperliquid yield protocol Liminal has garnered interest from DeFi Dojo founder Stephen, Haun Ventures investment assistant Breck Stodghill, and others.The Italian cryptocurrency exchange [Young Platform](https://www.rootdata.com/zh/Projects/detail/Young Platform?k=NjQwOA== "Italian cryptocurrency exchange") has caught the eye of GBV Capital investment manager Minion, Pudgy Penguins, and others.The composable on-chain trading engine Decibel has attracted attention from Aptos co-founder and CEO Avery Ching, as well as Chinese KOLs such as Lu Yaoyuan, Feng Mi, and spark.

ChainCatcher news reports that Etherex, a decentralized trading platform launched in collaboration with Linea, Consensys, and Nile, will introduce its native token REX on August 6.Etherex is an upgraded version of Nile Exchange, built on Ramses v3 technology, and adopts the x33 token economic model. Its design goals include a 100% native incentive (REX) allocation to liquidity providers (LPs); 100% of trading fees belong to xREX voting users. The native token REX will be distributed as liquidity rewards to LP users. Users can convert REX into xREX to incentivize voting for their preferred liquidity pools.

ChainCatcher news, Linea, Consensys, and Nile have collaborated to launch the DEX Etherex, which will go live on July 28.Etherex is an upgraded version of Nile Exchange, built on Ramses v3 technology and centered around the x33 token economics model. Its native token REX will be distributed as liquidity rewards to liquidity providers, and 100% of the trading fees will be directly allocated to xREX voters. Users can exchange REX for xREX and vote to support their preferred pools.