Etherex, a decentralized exchange operating on Ethereum’s Layer 2 network Linea, has experienced an astonishing surge in total value locked (TVL), jumping 503% within just one week. This growth brings its TVL to $119.6 million. The platform’s success can be attributed to several factors: the introduction of new liquidity incentives, yield farming opportunities, and token rewards for users. Furthermore, a broader resurgence in DeFi activity is attracting traders seeking platforms that offer faster transactions and lower fees compared to the main Ethereum network. 503% growth highlights the potential of Ethereum Layer 2 solutions like Linea. The platform’s ability to handle high transaction volumes without congestion has been key. This impressive TVL surge could indicate a shift towards more scalable decentralized exchanges, setting Etherex on track for future competition with other prominent DEXs in the industry.