Etherex Price Skyrockets 40% Following Launch of Linea Rewards Program

Etherex's price has soared by 41% to $0.5794 after the launch of Linea's new liquidity rewards program, named Linea Ignition. This program aims to enhance liquidity across various decentralized finance platforms. As Etherex emerges as a key player, trading volume and market capitalization have experienced significant increases.

Key Takeaways

Etherex's price jumped 41% to $0.5794 after Linea introduced its liquidity rewards program on September 2, 2025.
The Linea Ignition program will allocate 1 billion LINEA tokens to boost liquidity in decentralized finance protocols, with Etherex benefiting significantly.
Etherex's daily trading volume rose 82% to $3.89 million, boosting its market cap to $57.7 million.
The protocol has secured over $200 million in total value locked, making it the largest on Linea.
While the project shows strong growth prospects, potential risks include the upcoming unlock of LINEA tokens, which could impact liquidity providers.

Etherex price gains 40% amid Linea rewards program launch

Etherex Price Surge Explained

Etherex has recently experienced a remarkable price increase of 41%, reaching $0.5794, with a momentary peak of $0.585. This surge follows the initiation of Linea’s liquidity rewards program on September 2, 2025.

The program, known as Linea Ignition, is set to last for two months and will distribute a total of 1 billion LINEA tokens to liquidity providers across top decentralized finance (DeFi) protocols. Among these, Etherex, a MetaDEX built on Linea’s zkEVM Layer 2, has emerged as the clear frontrunner.

Developed in partnership with Linea, ConsenSys, and Nile Exchange, Etherex serves as the primary liquidity hub for the network. It facilitates significant trading pairs, including USDC/ETH, WBTC/ETH, and REX/ETH.

Market Activity and Growth

The announcement of the rewards program led to a notable spike in market activity. Etherex's daily trading volume surged by 82%, reaching $3.89 million, while its market capitalization grew to $57.7 million, with a fully diluted valuation touching $206.8 million. The protocol currently boasts more than $200 million in total value locked, positioning it as the largest player on the Linea platform.

The unique design of this rewards program has been pivotal in driving growth. Linea Ignition has established a feedback loop, linking rewards to market volatility and incorporating REX bonuses. Increased liquidity helps reduce slippage, which then attracts more trading volume and enhances incentives for token holders.

Increased Trust and Potential Risks

With wallets associated with ConsenSys consistently increasing their REX holdings, confidence in Etherex's alignment with Linea's long-term objectives continues to grow. Traders on social media have dubbed Etherex a “whale magnet,” highlighting features such as its fee decay mechanism and innovative token dynamics.

However, some risks linger. While a rising total value locked (TVL) may gradually decrease earnings for liquidity providers, planned vesting events—specifically the unlock of LINEA tokens set for October 27—could generate selling pressure.

At this point, Etherex's deep integration with Linea has reinforced its central role in the chain’s DeFi landscape. The project appears well-equipped to sustain its upward momentum as the final quarter approaches, with the Ignition program currently operational and additional features like Native Yield integration planned.