In This Article
Initia crypto is the latest Layer-1 addition to the markets. Six days after its TGE (token generation event), INIT, the token powering the Initia network, is up 30%.
It is the latest high-profile L1 blockchain to launch this year following Berachain (BERA) and Story (IP), both of which had their TGE in February 2025.
An application's final destination.
Initia Mainnet is live. pic.twitter.com/m3vlUk8NQA
— Initia 🪢 (@initia) April 24, 2025
What Is Initia Crypto – Can It Break Into The Already Saturated L1 Market?
While being an L1 blockchain, Initia is a modular platform that offers customizable Layer 2 (L2) rollup networks. Interwoven Rollups is designed to simplify the process of building and scaling decentralized applications by allowing developers to launch their own app-specific rollups.
This new architecture helps address common issues in the blockchain space, such as fragmented liquidity, network congestion, and the difficulty of managing multiple chains.
The Initia platform was founded during the peak of 2022’s bear market by Stan Liu and Ezaan Mangalji. The two developers came from working at the now-defunct Terraform Labs, the developers behind Do Kwon’s infamous LUNA token.
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What makes Initia a modular blockchain is its interoperability. Developers can select from three virtual machines: EVM, MoveVM, or Wasm. EVM (Ethereum virtual machine) is the framework that blockchains such as Arbitrum and Optimism utilize, while Wasm (WebAssembly) is the foundation used for the Cosmos Hub (ATOM) and Injective (INJ).
This level of modularity extends to developers being able to choose custom gas tokens and define their transaction systems. The rollup networks remain connected through Initia’s L1 base network and governance layer. This allows the rollups to lean on the Initia base layer for token bridges, liquidity infrastructure, and staking.
INIT Token Has Enjoy A Solid First Week – Where Next For Initia’s Native Token?
(SOURCE)
INIT is the native token for the Initia network. It is used across the entire ecosystem, for paying transaction fees, staking, governance, and rewards. Per the Initia App Dashboard, over $300m of INIT in TVL (total-value locked) across the network. The dashboard also shows 12 rollup L2 mainnet chains built on Initia.
Interestingly, INIT is used on both Initia’s L1 and the L2 rollup networks. Both rely on INIT as the backbone of the ecosystem, as it is also used for staking and governance. Token holders can help secure the network and vote on protocol upgrades and reward distribution decisions.
While the Initia crypto TGE only occurred six days ago, INIT has endured a solid first week. Currently trading for $0.87, it weathered the initial storm of early participants selling their airdrop tokens and has rallied extremely well.
When INIT launched on April 24, it briefly dropped to $0.6 but has since climbed over 40% from the lows. In addition, INIT has spiked 32% over the past 24 hours, making it one of the strongest-performing tokens this week.
For a major L1, Initia has a relatively low market cap. Currently at just $131 million, it is the 383rd largest crypto, per CoinGecko data. The undervalued nature of INIT is even more apparent when compared to other leading L1 chains such as SUI ($11bn), APTOS ($3.3bn) and ATOM ($1.9bn).
With its unique modular approach, Initia could prove to be a dark horse in the race for L1 supremacy. With no real price history to work from, the next crucial step for INIT is to breach $1. It has made two attempts in the last six days, both of which ended in rejection.
A push above $1 and continued bullish market conditions could see INIT begin its ascent to becoming a $1 billion network. To hit that target, INIT would be price at around $6.95, an 8x increase from its current levels.
Solaxy (SOLX) Closes In On $32.5m Presale Funding, Making It One Of The Biggest Presales Of 2025
Like Initia, Solaxy (SOLX) is another innovative blockchain project capturing eager investors’ minds. Due to its market-first advantage, SOLX is about to secure $32.5 m in presale funding.
Solaxy is the first every L2 solution for Solana. Whilst Ethereum is inundated with dozens of L2’s, all competing against one another for a dwindling Ethereum user base. Along with users, liquidity is also leaving Ethereum and it’s EVM L2 networks, with most moving to Solana.
This is what makes Solaxy so crucial. While Solana has become the go-to blockchain in recent years for DeFi and meme coin purposes, it has long struggled under intense usage. When the market heats up and users flow into Solana, historically it has struggled to function – failed transactions, slow speeds, and full-on network outages have been common occurrences on Solana.
SOLX fixes this by utilizing roll-up technology to batch transactions from the Solana mainnet, take them ‘off-chain’ to process, and send them back to the mainnet for final settlement.
This simple but effective protocol has been designed to strengthen throughput and supercharge performance without sacrificing the ease of use, fast speeds, and low fees that made Solana most investors’ favourite blockchain.
How To Invest In Solaxy (SOLX) Today
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Don’t miss your chance to join the new world. 🪐https://t.co/0bPQuEdfrT pic.twitter.com/lv5IaGLP7M
— SOLAXY (@SOLAXYTOKEN) April 29, 2025
To join the Solaxy presale, visit the official Solaxy website and connect your wallet. For the best experience, we recommend using Best Wallet – it lets you view your $SOLX tokens even before launch and supports seamless multichain access across both Ethereum and Solana.
SOLX is currently priced at $0.00171, and less than 36 hours remain before the presale price rises to signal the next funding stage.
Stay connected with the Solaxy community on X and Telegram for real-time updates and announcements on all things SOLX.
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Initia crypto launched less than a week ago and its INIT token is up over 30%
- Initia is a new L1 blockchain that utilizes rollup technology to home smaller app-specific L2 chains
- The INIT token is up more than 30% since its launch six days ago
- INIT already has over $300m in TVL across its various chains while its market cap is just $130m
- Solaxy (SOLX) is close to hitting $32.5m in presale funding as the launch of Solana’s first ever L2 protocol draws nearer
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