Introducing the newest network on the block, showcasing initiative, interoperability and an impeccable interwoven ecosystem, this is Initia.
After a huge and successful airdrop, $INIT is making headlines, and we’re here to provide you with the latest research, all wrapped up into one thread.
What is Initia?
Initia is the first of its kind modular blockchain protocol that was founded in 2023 and combines a Layer 1 blockchain with a fully adaptable Layer 2 rollup structure. After raising over $24M from major VCs including YZi Labs, Delphi Ventures and others, Initia has kicked off with a successful start to its journey.
Separating Initia from the rest of the blockchains is its unique framework that merges Layer 1 and Layer 2 technology to enable developers to create fully customizable, scalable and interoperable app-specific blockchains, known as ‘Interwoven Rollups’.
What are Interwoven Rollups?
Interwoven Rollups can achieve up to 10K TPS with 500ms blocktimes and are dedicated applications running as their own networks that all have the Cosmos SDK built from beneath and can operate in EVM, MoveVM, WasmVM, providing pure interoperability between the most popular ecosystems.
How Does Initia Work?
Built with three core pillars, Initia is made up of:
– Initia Layer 1 – The main IBC-enabled network built using the Cosmos SDK and controls the security and governance of the entire ecosystem, hosts the Liquidity Hub called the InitiaDEX for cross-rollup trading and token swapping.
– Interwoven Rollups (Layer 2s) – Independent networks built on top of Initia Layer 1 that are designed to use any virtual machine, any gas currency, e.g. $INIT, stablecoins or their own native tokens and more.
– The Interwoven Stack – The all-in-one dev toolkit to build Interwoven Rollups, e.g. wallets, bridges, explorers and much more!
Initia Ecosystem
Since Initia’s mainnet launch on April 25th 2025, over 12 Interwoven Rollups are live, with 6 more set to launch very soon. Ranging from AI, DeFi, Gaming, NFTs and more, Initia is hosting some of the latest innovations in its ecosystem that could attract users and developers from every corner of Web3.
Initis Statistics
In under a week of the mainnet being live, Initia has already accomplished over 514K transactions on its Layer 1 and over 2.5M transactions across its ecosystem of live Interwoven Rollups, proving the desire for app-specific chains.
Initia Token ($INIT)
Initia launched its Layer 1 mainnet alongside its token $INIT, where they conducted an airdrop to the loyal testnet users, Interwoven Stack partners and social contributors who helped in the early stages of its development.
If you were one of these lucky initiated participants, you can check and claim your airdrop allocation here.
$INIT is the primary utility token of the entire Initia ecosystem that serves as the gas token for the Layer 1 and optionally for Layer 2s, it is used to stake to secure the network, share Enshrined liquidity within the InitiaDEX, participate in governance and much more, including ecosystem incentives.
Conclusion
According to CoinMarketCap, at the time of writing, $INIT is priced at $0.8434 with a market cap of $125.46M. Since the airdrop, $INIT has kicked off with a strong start and is up over 27.27%, and down 11.28% from its ATH of $0.95. Already listed on some of the biggest CEXs such as Binance, could $INIT be on the cusp of a major pump?
Official Initia Links
Disclaimer
The content provided in this article is purely informational and nothing said is financial advice. Proceed with caution and always invest what you are prepared to lose. Remember that you are entirely responsible for your assets and investments and the author and the publication do not endorse any of the cryptocurrencies, protocols and/or strategies in this article.
