$INIT Initia (INIT) is a Layer 1 blockchain designed to connect multiple Layer 2 rollups, enabling scalable and interoperable decentralized applications. It supports customizable appchains and uses a modified Proof of Stake for security and liquidity. The INIT token powers the network, is used for staking, and supports governance. Backed by investors like Binance Labs, Initia raised $7.5 million and has a total supply of 1 billion tokens. INIT is currently trading around $0.69 and is available on decentralized exchanges like PancakeSwap.