Overview
Initia (INIT) is a modular blockchain network designed to combine Layer 1 (L1) and Layer 2 (L2) architectures into a single, scalable ecosystem. Built using the Cosmos SDK, Initia allows developers to deploy app-specific rollups (called Interwoven Rollups) that are interoperable, secure, and easy to build, even for teams with limited experience in blockchain infrastructure.
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Key Features
Unified L1-L2 Architecture: Initia integrates its own Layer 1 chain with modular Layer 2 rollups, enhancing scalability and reducing congestion on the main chain.
Interwoven Rollups: These are independent appchains (rollups) that can communicate with each other seamlessly across the network, enabling real-time cross-chain functionality.
Multi-VM Support: Initia supports multiple virtual machines like EVM, MoveVM, and WasmVM—allowing developers to build using familiar programming environments.
Enshrined Liquidity: Staking and liquidity provision are combined, where INIT-denominated liquidity can secure the network while also functioning across chains as capital.
Vested Interest Program (VIP): This token distribution model aligns long-term incentives between developers, validators, and the community.
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Tokenomics
Token Symbol: INIT
Total Supply: 1,000,000,000 INIT
Circulating Supply: ~148.75 million INIT (~14.88%)
Market Cap: ~$111.47 million
Fully Diluted Valuation (FDV): ~$749.39 million
ICO Price: $0.250
Current Price (May 2, 2025): ~$0.749
All-Time High (ATH): ~$0.959
All-Time Low (ATL): ~$0.599
24h Volume: ~$223.46 million
ROI Since ICO: ~3.01x
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Ecosystem Use Cases
Transaction Fees: INIT is used to pay gas fees across the Initia network and appchains.
Staking: INIT holders can stake tokens to secure the network and earn passive income.
Governance: Token holders vote on proposals to influence the platform’s development and policy changes.
Liquidity and Security: INIT can be used as liquidity across chains while also being staked with validators to help secure the network.
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Conclusion
Initia is building a unified Web3 development environment by combining the scalability of Layer 2 with the sovereignty of Layer 1 chains. INIT, as the native token, plays a central role in securing, governing, and powering the ecosystem. With its modular approach and strong early adoption, Initia is positioning itself as a serious contender in the next phase of blockchain development.
