Initia Project Update

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Biggest Stories of 2025

• Bybit announced support for the Initia (INIT) v1.2.2 network upgrade, ensuring exchange compatibility with the latest protocol version and reflecting ongoing network maintenance (December 21, 2025) 2.
• Initia published a "Getting Started" guide introducing users to its Layer 1 blockchain built with Cosmos SDK and Celestia, the Interwoven Stack toolkit, the InitiaDEX, and the Vested Interest Program (VIP) that rewards users and rollups with escrowed esINIT tokens for staking, trading, and gaming activity (April 29, 2025) 3.
• Initia launched its mainnet and native INIT token on April 24, 2025, debuting at a $900 million fully diluted valuation, up from roughly $700 million at launch 4. The mainnet aimed to support a unified appchain ecosystem with minimal fragmentation through its "Interwoven Stack," with all appchains sharing common standards including LayerZero bridges, Cosmos IBC, Cosmos SDK, and native USDC 5.
• Initia conducted a 50 million INIT token airdrop (5% of the total 1 billion supply) to network testers, advocates, and users, with approximately 90% (44.7 million tokens) distributed to 194,294 testnet participants, and the remainder to partner ecosystem users and social contributors (March 31, 2025) 67.
• MEXC announced the listing of Initia (INIT) with a prize pool of 115,000 INIT and 50,000 USDT, with the listing taking effect on April 24, 2025 (April 18, 2025) 89.
• Delphi researchers published an analysis on why they were optimistic about Initia, highlighting how the protocol addresses appchain fragmentation and poor interoperability by combining Cosmos and Ethereum rollup architectures, with its Vested Interest Program (VIP) aligning incentives across the ecosystem (February 26, 2025) 10.