Initia (INIT) Spot Trading Launches Today — Here's Everything You Need to Know
What is Initia?
Initia is a pioneering network of interwoven rollups that combines a Layer 1 (L1) blockchain with a connected ecosystem of customizable appchains.
🔸 Designed to realize the full potential of appchains, Initia integrates a purpose-built L1, native rollups, a unified multichain product suite, and an economy that interconnects them all.
🔸 INIT serves as the gas token on both the L1 and appchains.
🔸 The Initia L1 includes a native DEX, acting as a liquidity hub for the entire Interwoven Economy.
🔸 Liquidity provider (LP) positions in INIT on the DEX are staked with validators, enhancing network security and enabling efficient crosschain liquidity.
🔸 Appchains using Initia's tech stack pay settlement fees to the L1.
🔸 Initia VIP: A framework that strengthens economic alignment across the L1, L2s, and users.
Initia Products
🔸 Interwoven Stack:
Initia’s rollups support EVM, MoveVM, and WasmVM, delivering up to 10,000 TPS with 500ms block times. Built with the Cosmos SDK, they are fully customizable.
They integrate LayerZero and Celestia DA and come with oracles, native USDC, indexers, and more.
🔸 Initia L1 & Enshrined Liquidity Consensus:
The first Cosmos SDK chain to support MoveVM and smart contracts built with the Move language.
Initia Product Suite
Initia Scan: Explorer for the Initia L1 and all connected L2s.
Initia App: Central hub for everything within the Initia ecosystem.
Initia Usernames: Multichain Name Service for seamless identity.
Initia Multisig: Multi-VM-compatible multisig solution.
Initia Wallet Widget: User-friendly wallet interface to manage multichain balances across rollups.
Initia Bridge Widget: Effortless bridging between Initia rollups and any IBC or LayerZero-supported chain.
Tokenomics
Total Supply: 1,000,000,000 INIT
Max Supply: 1,000,000,000 INIT