Initia fuses an L1 framework with specialized rollups. By blending EVM, MoveVM, and Wasm, it empowers wide dApp deployment. The enshrined liquidity approach secures the network and supports cross-chain integration. Initia advances DeFi by streamlining coin usage across multiple chains.
Initia raised around $25M from key backers like Binance Labs and Delphi. A pre-seed in 2023 led to a $7.5M seed and a $14M Series A at a $350M valuation. Echo’s community sale let smaller investors join. The Binance Launchpool event helped distribute INIT and fueled active trading volume.
Initia’s Q2 2024 testnet engaged 190k users, offering rewards to testers and refining staking, bridging, and L2 capabilities.
On 24 April 2025, Initia went live. Binance Launchpool and a 50M INIT airdrop introduced widespread token distribution.
Late 2025 will see more rollups, full MoveVM support, and cross-chain improvements. DeFi initiatives and NFT growth intensify.
Initia uses Tendermint BFT consensus and was tested in a public incentivized phase. No official audits are published, but validators stake liquidity, adding an extra security layer. So far, no exploits have been reported.
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