Initia @initia and zon @ItsAlwaysZonny have synchronized the latest technical updates, achieving a speed increase of 1440 times.
As a core player in the application chain track, Initia @initia has been dedicated to becoming a super infrastructure that allows developers to easily build and connect thousands of application chains. After this update, the waiting time for ETH to return from the Initia bridge to the Ethereum mainnet has been reduced from 1 day to 1 minute!
This conveys three core points of the ecosystem:
1⃣ Security can finally be trusted.
When the Initia mainnet launched, LayerZero initially imposed a 3-day withdrawal delay, which was later reduced to 1 day, and now it’s down to just 1 minute. This is due to the technology being in place and the mechanism being updated, allowing transaction confirmations to be final confirmations without rollback opportunities, which is why they can operate at this high speed. It means the Initia team believes their security is sufficient.
2⃣ Ecosystem acceleration has started. Many Appchains like Yominet and Echelon Chain are built on Initia, and now they have also accelerated, which is a significant benefit for developers, eliminating the complexity of cross-chain interactions and providing a one-stop solution for interoperability.
3⃣ Leading in the Move ecosystem projects.
Speaking of the ecosystem track, Aptos took nearly a year to reduce its withdrawal time from 7 days to now, while Movement is still stuck at 3 days. Just a few months after Initia launched, it can achieve a 1-minute ETH withdrawal. While it may not be considered legendary, it is indeed far ahead.
Of course, there are still some minor issues, such as needing to pay transaction fees with $INIT when your assets return, and some users may not have $INIT on-chain. However, it has been mentioned that there will be solutions for this later, so it’s not a major problem. Overall, this update from Initia is very important, with significant improvements in user experience, security, buildability, and ecosystem positioning. Brothers can view this as a key positive development.
zon 🪢
withdrawal time to bridge eth out of initia has been reduced from 1 day to 1 minute
/thank_you_bryan_pellegrino
infofi is actually fucking brilliant thing I never expected
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It's InfoFi not just social media
yappers = storytellers = rewards
@burnt_xion rewarding their top 50 yappers
About Initia (INIT)
Initia is a network for interwoven rollups — they are holistically rebuilding a new multi-chain world across the architecture, product, and economic stacks using the Initia L1 and an interwoven system of L2s. Initia has made innovations in three main categories: architecture/tech stack, user-facing frontend product, and protocol-level incentivization frameworks. $INIT is the native token of Initia L1.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 734 new posts about Initia, driven by 185 contributors, and total online engagement reached 23K social interactions. The sentiment score for Initia currently stands at 94%. Compared to all cryptocurrencies, post volume for Initia currently ranks at 4187. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Initia.
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Posts
734
Contributors
185
Interactions
22,650
Sentiment
94%
Volume rank
#4187
X
Posts
734
Interactions
22,650
Sentiment
94%
Initia FAQ
What is cryptocurrency?
Cryptocurrencies, such as INIT, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as INIT have been created as well.
Can I buy INIT on OKX?
No, currently INIT is unavailable on OKX. To stay updated on when INIT becomes available, sign up for notifications or follow us on social media. We’ll announce new cryptocurrency additions as soon as they’re listed.
Why does the price of INIT fluctuate?
The price of INIT fluctuates due to the global supply and demand dynamics typical of cryptocurrencies. Its short-term volatility can be attributed to significant shifts in these market forces.
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