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Live validated snapshot

Chain liquidity sounding

InitiaINIT

Initia nominal depth is deepening across the latest 7.3 observed days. Token-price effects remain in the TVL reading.

Reported nominal TVL$2.78M+2.4% across 7.3 observed days

Depth rank: #115
Protocols mapped: 5

Source: DeFiLlama open chain roster
Captured: 2026-08-11T07:51:29.899Z
Unit: Nominal USD TVL
Does not prove: Deposits, exits, or unique users

What this page answers

Initia reports $2.78M in nominal DeFi TVL. The roster maps 5 protocols to this chain. It ranks #115 by Bathymark depth. Its weekly nominal TVL change is +2.4% across 7.3 observed days, and its 30-day change is -7.1% across 30.3 observed days. Token-price effects are not removed.

Chain TVL change context What TVL means Data source and limits

TVL vs price · 179d

Where Initia reported TVL parts from INIT

TVL-led

Reported TVL$2.78M-14.9%

INIT price$0.0526-24.2%

192.960.0Index, start = 100

Aug 11$2.78M$0.0526

Reported TVL is holding better than the native token price. That divergence is evidence to investigate, not proof of price-adjusted deposits.

Reported nominal TVL from the DeFiLlama chains feed, price from the open DeFiLlama coins feed (CoinGecko id). Both plotted series start at 100 and share one index scale. TVL is in dollars, so it moves partly with price by construction. The gap is not a forecast. Information, not financial advice.

Depth rank: #115
Protocols read: 5
Native token: INIT

State: Reported depth is deepening
Confidence: moderateThe chain level is source-backed. Confidence is capped because token-price effects are not removed from TVL.
Snapshot captured: 2026-08-11 07:51 UTC

Three strongest drivers

Reported nominal TVL$2.78MCurrent chain level from the validated DeFiLlama chain roster.
Seven-day nominal change+2.4%$2.72M to $2.78M across 7 observed days.
Protocol roster5 protocolsThe roster identifies presence, not each protocol's allocation to this chain.

Open the 30-second readChange, history, comparison, and implication

What changed

Reported nominal USD TVL changed by $66K over seven days.

$2.72M to $2.78M across 7 observed days. The reconciled 30-day change is -7.1%.

Is it unusual

Current nominal TVL sits at the 3th percentile of the stored chain history.

Daily nominal-TVL change volatility is 6.13%. Price effects remain inside that history.

How it compares

Initia ranks #115 of 461 validated chains by nominal USD TVL.

The validated chain median is $338.3K. This is a level comparison, not a quality verdict.

Why it matters

Reported depth is strengthening, which can improve market capacity if activity and stablecoin USD market value confirm it.

This is market-structure context, not a forecast or a trade recommendation.

Open the evidence trailCounterevidence, invalidation, sources, and method

What argues against this reading

Token-price repricing can explain some or all of the nominal USD TVL change.

Bathymark does not label this series fresh capital, deposits, or withdrawals.

The stablecoin cash layer did not return a validated chain value.

Cabal leads the visible protocol roster, but the slim endpoint does not expose its exact Initia allocation.

What would change the call

The deepening call changes if the reconciled seven-day nominal USD TVL change is 0% or lower.

Measured byFirst and last validated DeFiLlama chain TVL values across a seven-day window under the same method version.

Next review

Next daily chain-depth review

Exact sources

DeFiLlama Historical Chain TVL APIhttps://api.llama.fi/v2/historicalChainTvl/InitiaSource observation: 2026-08-11 00:00 UTCSupports: Nominal USD chain TVL history and reconciled period changes.Limit: The chain TVL history passed schema, completeness, and freshness checks.
DeFiLlama Chains APIhttps://api.llama.fi/v2/chainsSupports: Current nominal chain TVL and peer ranking.Limit: The chain roster passed schema, completeness, and freshness checks.
DeFiLlama Protocols APIhttps://api.llama.fi/protocolsSupports: Protocol presence, category, and total global TVL for the chain roster.Limit: Protocol TVL is a source-reported nominal USD value, not executable token liquidity or proof of custody, solvency, safety, or redeemability.
DeFiLlama Stablecoin Chains APIhttps://stablecoins.llama.fi/stablecoinchainsSupports: Open-data circulating USD market value across all reported stablecoin peg buckets on each chain.Limit: The per-chain stablecoin roster passed schema, completeness, and freshness checks.

Formula

7d nominal TVL change = (last nominal USD TVL - first nominal USD TVL) / first nominal USD TVL * 100

The displayed period change is accepted only when it reconciles with the first and last source values. Price effects are not removed.

Open formula note

Snapshot receipt

Snapshot captured: 2026-08-11 07:51 UTC
Ingested: 2026-08-11 07:51 UTC
Method version: chain-depth-2026-07-11.1Current level, historical context, peer rank, and corroborating evidence remain separate fields.

Missing inputs

Price-adjusted deposits and withdrawals
Validated stablecoin circulating USD market value on this chain

Protocol roster map

Categories among protocols that list Initia. This uses each protocol's total global TVL as roster weight because the slim open list does not expose per-chain protocol allocation. CEX reserve rows are omitted from this chain roster.

Governance Incentives1 row

Dexs1 row

Canonical Bridge3 rows

The largest listed protocol's global TVL is 70.6% of this chain's TVL, so treat the roster as context, not allocation.

This chain, measured

The Almanac's instruments, read for Initia alone. Open any one for the full method, history, and what it can and cannot mean.

Share of all DeFi

0.00%rank #115 of 461

Initia holds 0.00% of all on-chain liquidity, the #115 deepest chain. Dominance is how much of the ocean sits here.

30-day tide

Range: Initia TVLJun 13, 2026 to Aug 11, 2026
Observations: 60
First: $3,203,028
Latest: $2,781,392

-6.1%draining

Initia's reported USD TVL moved -6.1% over the last month. Token-price effects are not removed, so this is not labelled deposit flow.

Roster concentration

46%Cabal leads roster

Cabal is 46% of the listed non-CEX roster by global protocol TVL. This is context, not a per-chain allocation.

Largest protocols by reported TVL on Initia

Protocols that list Initia, ranked by each protocol's total reported total TVL. The open list does not expose chain-specific allocation for every protocol, so this is a non-CEX roster read, not a per-chain TVL split.

Protocol	Category	TVL	7d
Cabal	Governance Incentives	$1.96M	-4.9%
InitiaDEX	Dexs	$1.91M	+0.3%
Inertia Bridge	Canonical Bridge	$179.7K	+4.1%
Echelon Initia Bridge	Canonical Bridge	$127.3K	+105.1%
Milkyway Rollup Bridge	Canonical Bridge	$53.1K

Bathymark reads this chain from DeFiLlama's open chain and protocol datasets. TVL can rise or fall because asset prices moved, so the branded tide is a nominal USD depth-proxy reading, not measured flow or a forecast.

How to read Initia liquidity

7-day and 30-day nominal TVL tide

The short tide is +2.4% across 7.3 observed days. The 30-day tide is -7.1% across 30.3 observed days. Read those as nominal USD movement in the depth proxy. Token-price effects are not removed.

Protocol concentration

Bathymark reads 5 large protocols and 3 categories on Initia. Concentration matters because one venue can make a chain look deeper than it is, even when the venue also operates elsewhere.

What it cannot mean

Rising TVL cannot prove new users arrived. Falling TVL cannot prove abandonment. The number describes depth, then the cause has to be checked.

Questions this page answers

What is Initia TVL in this snapshot?

Initia reports $2.78M in nominal DeFi TVL on Bathymark's current open-data reading. That is a USD-valued depth proxy, not measured exit liquidity.

Is Initia nominal TVL rising or falling?

Initia is deepening in the weekly window, with a nominal TVL tide of +2.4% across 7.3 observed days and a 30-day nominal tide of -7.1% across 30.3 observed days. Token-price effects are not removed.

Which protocols hold the most liquidity on Initia?

Cabal, InitiaDEX, Inertia Bridge are among the deepest protocols Bathymark reads on Initia.

What does liquidity depth mean for Initia?

Bathymark uses reported USD TVL as an open depth proxy for the ecosystem. It is not an order-book or exit-liquidity measure, and it can move because deposits, withdrawals, token prices, incentives, or source mapping changed.

Measurement receipt

What this number is, and is not

Bathymark reads source-reported USD TVL as a chain-depth proxy. The value can move because assets repriced, deposits changed, withdrawals changed, incentives moved, or the source mapping changed.

Source: DeFiLlama chain, protocol, and stablecoin datasets
Snapshot: 2026-08-11T07:51:29.899Z
Freshness: Live validated snapshot
History: Current validated history captured 2026-08-11T07:51:31.351Z
Caveat: Nominal USD change, price effects are not removed

Read the method Inspect source policy

Connected to Initia

Every surface that reads this INIT from another angle, so a question that starts here never dead-ends.

Taking the sounding

Live validated snapshot

Chain liquidity sounding

InitiaINIT

Initia nominal depth is deepening across the latest 7.3 observed days. Token-price effects remain in the TVL reading.

Reported nominal TVL$2.78M+2.4% across 7.3 observed days

Depth rank: #115
Protocols mapped: 5

Source: DeFiLlama open chain roster
Captured: 2026-08-11T07:51:29.899Z
Unit: Nominal USD TVL
Does not prove: Deposits, exits, or unique users

What this page answers

Chain TVL change context What TVL means Data source and limits

TVL vs price · 179d

Where Initia reported TVL parts from INIT

TVL-led

Reported TVL$2.78M-14.9%

INIT price$0.0526-24.2%

192.960.0Index, start = 100

Aug 11$2.78M$0.0526

Reported TVL is holding better than the native token price. That divergence is evidence to investigate, not proof of price-adjusted deposits.

Depth rank: #115
Protocols read: 5
Native token: INIT

State: Reported depth is deepening
Confidence: moderateThe chain level is source-backed. Confidence is capped because token-price effects are not removed from TVL.
Snapshot captured: 2026-08-11 07:51 UTC

Three strongest drivers

Reported nominal TVL$2.78MCurrent chain level from the validated DeFiLlama chain roster.
Seven-day nominal change+2.4%$2.72M to $2.78M across 7 observed days.
Protocol roster5 protocolsThe roster identifies presence, not each protocol's allocation to this chain.

Open the 30-second readChange, history, comparison, and implication

What changed

Reported nominal USD TVL changed by $66K over seven days.

$2.72M to $2.78M across 7 observed days. The reconciled 30-day change is -7.1%.

Is it unusual

Current nominal TVL sits at the 3th percentile of the stored chain history.

Daily nominal-TVL change volatility is 6.13%. Price effects remain inside that history.

How it compares

Initia ranks #115 of 461 validated chains by nominal USD TVL.

The validated chain median is $338.3K. This is a level comparison, not a quality verdict.

Why it matters

Reported depth is strengthening, which can improve market capacity if activity and stablecoin USD market value confirm it.

This is market-structure context, not a forecast or a trade recommendation.

Open the evidence trailCounterevidence, invalidation, sources, and method

What argues against this reading

Token-price repricing can explain some or all of the nominal USD TVL change.

Bathymark does not label this series fresh capital, deposits, or withdrawals.

The stablecoin cash layer did not return a validated chain value.

Cabal leads the visible protocol roster, but the slim endpoint does not expose its exact Initia allocation.

What would change the call

The deepening call changes if the reconciled seven-day nominal USD TVL change is 0% or lower.

Measured byFirst and last validated DeFiLlama chain TVL values across a seven-day window under the same method version.

Next review

Next daily chain-depth review

Exact sources

DeFiLlama Historical Chain TVL APIhttps://api.llama.fi/v2/historicalChainTvl/InitiaSource observation: 2026-08-11 00:00 UTCSupports: Nominal USD chain TVL history and reconciled period changes.Limit: The chain TVL history passed schema, completeness, and freshness checks.
DeFiLlama Chains APIhttps://api.llama.fi/v2/chainsSupports: Current nominal chain TVL and peer ranking.Limit: The chain roster passed schema, completeness, and freshness checks.
DeFiLlama Protocols APIhttps://api.llama.fi/protocolsSupports: Protocol presence, category, and total global TVL for the chain roster.Limit: Protocol TVL is a source-reported nominal USD value, not executable token liquidity or proof of custody, solvency, safety, or redeemability.
DeFiLlama Stablecoin Chains APIhttps://stablecoins.llama.fi/stablecoinchainsSupports: Open-data circulating USD market value across all reported stablecoin peg buckets on each chain.Limit: The per-chain stablecoin roster passed schema, completeness, and freshness checks.

Formula

7d nominal TVL change = (last nominal USD TVL - first nominal USD TVL) / first nominal USD TVL * 100

The displayed period change is accepted only when it reconciles with the first and last source values. Price effects are not removed.

Open formula note

Snapshot receipt

Snapshot captured: 2026-08-11 07:51 UTC
Ingested: 2026-08-11 07:51 UTC
Method version: chain-depth-2026-07-11.1Current level, historical context, peer rank, and corroborating evidence remain separate fields.

Missing inputs

Price-adjusted deposits and withdrawals
Validated stablecoin circulating USD market value on this chain

Protocol roster map

Governance Incentives1 row

Dexs1 row

Canonical Bridge3 rows

The largest listed protocol's global TVL is 70.6% of this chain's TVL, so treat the roster as context, not allocation.

This chain, measured

The Almanac's instruments, read for Initia alone. Open any one for the full method, history, and what it can and cannot mean.

Share of all DeFi

0.00%rank #115 of 461

Initia holds 0.00% of all on-chain liquidity, the #115 deepest chain. Dominance is how much of the ocean sits here.

30-day tide

Range: Initia TVLJun 13, 2026 to Aug 11, 2026
Observations: 60
First: $3,203,028
Latest: $2,781,392

-6.1%draining

Initia's reported USD TVL moved -6.1% over the last month. Token-price effects are not removed, so this is not labelled deposit flow.

Roster concentration

46%Cabal leads roster

Cabal is 46% of the listed non-CEX roster by global protocol TVL. This is context, not a per-chain allocation.

Largest protocols by reported TVL on Initia

Protocol	Category	TVL	7d
Cabal	Governance Incentives	$1.96M	-4.9%
InitiaDEX	Dexs	$1.91M	+0.3%
Inertia Bridge	Canonical Bridge	$179.7K	+4.1%
Echelon Initia Bridge	Canonical Bridge	$127.3K	+105.1%
Milkyway Rollup Bridge	Canonical Bridge	$53.1K

How to read Initia liquidity

7-day and 30-day nominal TVL tide

The short tide is +2.4% across 7.3 observed days. The 30-day tide is -7.1% across 30.3 observed days. Read those as nominal USD movement in the depth proxy. Token-price effects are not removed.

Protocol concentration

Bathymark reads 5 large protocols and 3 categories on Initia. Concentration matters because one venue can make a chain look deeper than it is, even when the venue also operates elsewhere.

What it cannot mean

Rising TVL cannot prove new users arrived. Falling TVL cannot prove abandonment. The number describes depth, then the cause has to be checked.

Questions this page answers

What is Initia TVL in this snapshot?

Initia reports $2.78M in nominal DeFi TVL on Bathymark's current open-data reading. That is a USD-valued depth proxy, not measured exit liquidity.

Is Initia nominal TVL rising or falling?

Initia is deepening in the weekly window, with a nominal TVL tide of +2.4% across 7.3 observed days and a 30-day nominal tide of -7.1% across 30.3 observed days. Token-price effects are not removed.

Which protocols hold the most liquidity on Initia?

Cabal, InitiaDEX, Inertia Bridge are among the deepest protocols Bathymark reads on Initia.

What does liquidity depth mean for Initia?

Measurement receipt

What this number is, and is not

Bathymark reads source-reported USD TVL as a chain-depth proxy. The value can move because assets repriced, deposits changed, withdrawals changed, incentives moved, or the source mapping changed.

Source: DeFiLlama chain, protocol, and stablecoin datasets
Snapshot: 2026-08-11T07:51:29.899Z
Freshness: Live validated snapshot
History: Current validated history captured 2026-08-11T07:51:31.351Z
Caveat: Nominal USD change, price effects are not removed

Read the method Inspect source policy

Connected to Initia

Every surface that reads this INIT from another angle, so a question that starts here never dead-ends.