In the past day, Etherex price surged 41% to $0.5794, following the launch of a new rewards program by Linea.
Launch of the Linea Ignition Program
The initiative, called Linea Ignition, was launched on September 2, 2025, and will run for two months. A total of 1 billion LINEA tokens will be distributed to liquidity providers across leading decentralized finance protocols, with Etherex being the largest beneficiary. Developed in collaboration with Linea, ConsenSys, and Nile Exchange, Etherex has emerged as a significant player in this program.
Investor Confidence and REX Price Risks
With an increase in REX holdings among ConsenSys-linked wallets, trust in the project has grown. However, risks remain, particularly with the planned unlocking of LINEA tokens on October 27, which may trigger selling pressure. Social media traders have labeled Etherex as a 'whale magnet,' highlighting its fee decay mechanisms and fair emissions model.
Current State of Etherex and Its Integration with Linea
Currently, Etherex secures over $200 million in total value locked, making it the largest protocol on Linea. The Linea Ignition program has created a positive feedback loop by linking rewards to market volatility, fostering increased liquidity and incentives for token holders.
Etherex's integration with Linea solidifies its position as a key player in the DeFi ecosystem, likely ensuring continued interest and liquidity growth in the coming months.
