Initia (INIT): A Comprehensive Overview
Initia (INIT) is an innovative Layer 1 blockchain platform designed to seamlessly integrate Layer 2 scalability solutions, aiming to simplify the development and deployment of decentralized applications (dApps) across multiple chains. Launched on April 24, 2025, Initia addresses the complexities of multi-chain ecosystems by offering a unified infrastructure that combines security, scalability, and interoperability.
š What Is Initia?
Initia leverages the Cosmos SDK to build a modular blockchain network that supports the creation of customizable Layer 2 solutions, known as "Minitias." These Minitias can operate with various virtual machines, including EVM, MoveVM, and WasmVM, enabling developers to tailor their dApps to specific needs. The platform's "Interwoven Stack" framework facilitates efficient transactions and cross-chain interoperability, enhancing the overall user experience.
š° INIT Token Utility
The INIT token serves as the native cryptocurrency of the Initia network, fulfilling several critical roles:
Transaction Fees: INIT is used to pay for transactions within the network.
Staking: Users can stake INIT to participate in network security and earn rewards.
Governance: INIT holders have the power to influence the platform's evolution through governance decisions.
š Market Performance
As of April 28, 2025, INIT is trading at approximately $0.665 USD, reflecting a 24-hour decline of about 24.5%. The token's market capitalization stands at around $99 million, with a circulating supply of 148.75 million INIT and a maximum supply of 1 billion INIT.
The all-time high (ATH) for INIT was $0.953, reached on April 25, 2025, and the all-time low (ATL) was $0.599 on April 24, 2025.
š Token Distribution & Ecosystem Development
Initia's token distribution model emphasizes sustainability and community engagement:
Investors: 15%
Community Round: 30%
VIP & Enshrined Liquidity: 50%
Airdrop: 5%
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