The INIT crypto asset is demonstrating significant upward momentum, with its price approaching the $1 mark, driven by an extraordinary 45,000% surge in trading volume.
Initia (INIT) has climbed 36% over the last day, trading around $0.90. This rally follows several listings on major exchange listings, including a recent addition offering both spot and perpetual contracts, significantly boosting accessibility and interest.
The token recently concluded its introductory phase on a prominent launch platform, following a six-day period where users could farm tokens by staking stablecoins like USDC and FDUSD, or the platform’s native BNB token. 3% of the total INIT supply was allocated for these farming rewards.
Furthermore, 5% of the supply is earmarked for airdrops targeting early adopters and network testers. An ongoing airdrop distribution is scheduled to finalize at 23:59 UTC today, adding to the current market activity.
The project’s strong performance is reflected in both its price trajectory and trading volume. Blockchain data highlights significant trading activity; one notable example involves a trader who reportedly initiated a leveraged long position on INIT around $0.638 and is currently holding an unrealized gain exceeding $630,000.
[Trader profits on INIT long position]
Initia introduces a novel architecture combining a Layer 1 blockchain with an ecosystem of interconnected, customizable Layer 2 solutions known as Interwoven Rollups. This framework empowers developers to launch application-specific chains with extensive customization capabilities while maintaining connectivity within the broader Initia network.
Built using the Cosmos SDK, the Initia Layer 1 distinguishes itself by integrating the MoveVM, facilitating the deployment of Move smart contracts. The platform also incorporates essential infrastructure components like LayerZero for cross-chain messaging, Celestia for data availability, alongside integrated oracles, indexers, and native USDC support.
A core innovation is Initia’s Enshrined Liquidity mechanism. This addresses a common challenge in proof-of-stake networks: the conflict between network security (requiring token staking) and decentralized finance (DeFi) liquidity. Traditionally, users must choose between staking their tokens for rewards or providing liquidity.
Enshrined Liquidity resolves this by allowing specific liquidity positions on the native Initia decentralized exchange (DEX)—specifically governance-approved INIT-paired pools—to simultaneously function as staked assets with network validators. This enables users to earn both trading fees and staking rewards while contributing to network security.
The INIT token serves multiple functions within the ecosystem, acting as the primary medium for gas fees on both the Layer 1 and Layer 2 chains. It also functions as the foundational asset for liquidity pools, enabling cross-chain trading activities.