INIT crypto is experiencing a meteoric rise in value, surging over 36% in the past 24 hours to reach a record high. This explosion in momentum is fueled by a dramatic increase in trading volume, which has surged over 45,000%. Recent listings on major exchanges like Gate.io have further boosted interest and liquidity. The project’s fresh launch from Binance Launchpool just yesterday following a six-day staking period for USD Coin (USDC), Binance Coin (BNB), or FDUSD, has also contributed to the surge. 5% of the total supply is dedicated to airdrops for early users and testers who are currently participating in ongoing distribution. 400K tokens have been allocated as rewards for early adopters through a series of airdrops. Trading activity on INIT is particularly noteworthy, with traders showcasing a sharp increase in long positions. A trader’s position with 2x leverage that originated approximately 16 hours ago is currently sitting on an unrealized profit exceeding $630K. The project is being driven by its innovative approach to blockchain security and scalability. INIT combines a Layer 1 chain with Interwoven Rollups, offering customizability for app-specific chains while maintaining connections with the broader ecosystem. The foundation utilizes Move smart contracts with a decentralized design built using the Cosmos SDK. This unique setup integrates essential infrastructure such as LayerZero for messaging, Celestia for data availability, and native USDC support. The project addresses limitations of proof-of-stake (PoS) and rollup networks by utilizing its Enshrined Liquidity mechanism. The mechanism offers a solution to the trade-off between security and liquidity often encountered in PoS and rollup networks. INIT’s native token serves as the fuel for transactions on both L1 and L2s while also playing a vital role in fueling cross-chain trading through liquidity pools.