IDEX, a decentralized exchange platform, experienced a surge in its token price and market cap. The IDEX token saw a gain of over 335% from its lowest level this year, reaching $0.1150, and pushing its market cap above $70 million. This surge was accompanied by a significant increase in trading volume, which rose by over 4,420% to $318 million in 24 hours. The total value locked in IDEX's network also hit a record high of $70 million. The rally comes ahead of the launch of Buy & Lock, an on-chain liquidity initiative that aims to strengthen IDEX's presence. The initiative will reinvest and lock 100% of all fees generated in the network, with 50% used to buy IDEX tokens and reduce circulating supply, and the other 50% added to a Uniswap liquidity pool. The developers believe that Buy & Lock will create more value and liquidity for the network. Additional developments include the launch of a points program and the IDEX token remaining above key resistance levels. The coin is expected to bounce back and potentially retest its highest level this week.



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