$INIT 🟡The INIT token from Initia is a cryptocurrency that has shown an increase in its value today. Here are some key details about INIT:

*Current price*: $0.3738, with an increase of 1.3% in the last 24 hours.

*Market capitalization*: $60,367,457, which places it at #680 on CoinGecko.

*24-hour trading volume*: $35,487,979, with a decrease of 23.30% compared to the previous day.

*Circulating supply*: 161,411,928 INIT tokens.

*Total supply*: 1,000,000,000 INIT tokens.

*Features of Initia*:

- Initia is a network for interconnected rollups that combines a layer 1 (L1) with a system of customizable application chains.

- It offers an opinionated rollup framework that allows teams to build application-specific blockchains with full customization.

- Initia uses a modified proof of stake (PoS) consensus mechanism called "Enshrined Liquidity," which allows validators to stake liquidity denominated in INIT to secure the network.

You can find INIT on exchanges like Binance, B, and M.