Initia (INIT) just made a grand entrance into the crypto world—and investors are loving it.
The token has jumped 36% in just 24 hours, now trading close to $0.90. But what really turned heads? Trading volume exploded more than 45,000%, showing huge interest from both retail and pro traders. This sudden rush is being fueled by major listings, including the latest one on Gate.io, which now offers both spot and perpetual markets for INIT.
INIT launched yesterday after a 6-day farming phase on Binance Launchpool, where users could stake coins like USDC, BNB, or FDUSD to earn INIT rewards. Just 3% of the total supply was up for grabs through this event. Another 5% is being given away to early users and testers through a limited-time airdrop that ends today at 23:59 UTC.
It’s not just hype—some traders are already seeing big gains. One investor, tracked by Lookonchain, entered a leveraged trade at $0.638 and is now sitting on over $630,000 in unrealized profit.
Behind the scenes, Initia isn’t your average blockchain. It combines a core Layer 1 network (built using Cosmos SDK) with a system of customizable Layer 2 chains called Interwoven Rollups. This setup allows developers to build their own app-specific chains while staying connected to the main network. It even supports Move smart contracts—something you rarely see outside of networks like Aptos and Sui.
But what really makes Initia stand out is its unique “Enshrined Liquidity” model. Normally, crypto holders have to choose between staking their tokens to support the network or using them in liquidity pools to earn trading fees. Initia changes that. It lets users stake their LP tokens—meaning you can help secure the network, earn staking rewards, and collect trading fees at the same time.
The INIT token itself is used for gas fees across the network and powers trading across its liquidity pools. It’s still early days, but if this momentum continues, Initia might become a major player in the multi-chain space.
