{"id":205640,"date":"2025-04-25T22:44:47","date_gmt":"2025-04-25T22:44:47","guid":{"rendered":"https:\/\/peraltafinancing.com\/altcoin\/new-ethereum-eth-competitor-leaps-over-40-following-official-binance-listing\/"},"modified":"2025-04-25T22:44:47","modified_gmt":"2025-04-25T22:44:47","slug":"new-ethereum-eth-competitor-leaps-over-40-following-official-binance-listing","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=205640","title":{"rendered":"New Ethereum (ETH)-Competitor Leaps Over 40% Following Official Binance Listing"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>A new rival of Ethereum (<a href=\"https:\/\/dailyhodl.com\/currencies\/ethereum\" rel=\"noopener\" target=\"_blank\">ETH<\/a>) is seeing a massive boost in price after gaining support from the world\u2019s largest crypto exchange platform by volume.<\/p>\n<p>In a new announcement, Binance <a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/detail\/4e07a703c9da44709e22e79d0b4be452\" rel=\"noopener\" target=\"_blank\">says<\/a> it will officially add the layer-1 blockchain Initia (<a href=\"https:\/\/dailyhodl.com\/currencies\/initia\/\" rel=\"noopener\" target=\"_blank\">INIT<\/a>) to its suite of products starting on April 24th, preceding a spike in price for the asset.<\/p>\n<p>INIT went from a low of $0.605 on April 24th to a peak of $0.921 just a few hours later. The digital asset has since retraced and is trading for $0.88 at time of writing, a 40.95% increase during the last 24 hours.<\/p>\n<p>On its official website, the development team behind Initia says the project is <a href=\"https:\/\/docs.initia.xyz\/home\/core-concepts\/interwoven-stack\/introduction\" rel=\"noopener\" target=\"_blank\">designed<\/a> to offer rollups and infrastructure for appchain development and streamline the development process by reducing the decisions developers have to make.<\/p>\n<p>According to the project, developers spend a lot of time creating rollups \u2013 or transactions processed in large batches off-chain as a means of increasing efficiency, which prevents them from fully focusing on their applications.<\/p>\n<p><em>\u201cHistorically, building a rollup requires developers to research, select, and piece together numerous components and services\u2026 <\/em><\/p>\n<p><em>[The] tasks divert time and resources from developers, preventing them from focusing on building their applications\u2026 With [our] approach, developers can focus solely on building, improving, and shipping their applications.\u201d <\/em><\/p>\n<p>Earlier this month, INIT was <a href=\"https:\/\/dailyhodl.com\/2025\/04\/17\/binance-adds-new-layer-1-ethereum-eth-rival-initia-init-to-launchpool\/\">added<\/a> to Binance\u2019s launchpool.<\/p>\n<p><em><span style=\"font-size: 13pt;\">Follow us on <a href=\"https:\/\/x.com\/TheDailyHodl\" target=\"_blank\" rel=\"noopener\">X<\/a>, <a href=\"https:\/\/www.facebook.com\/thedailyhodl\/\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> and <a href=\"https:\/\/t.me\/thedailyhodl\" target=\"_blank\" rel=\"noopener\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt;\">Don&#8217;t Miss a Beat \u2013 <a href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\" target=\"_blank\" rel=\"noopener\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt;\">Check <a href=\"https:\/\/dailyhodl.com\/crypto-markets\/\" target=\"_blank\" rel=\"noopener\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt;\">Surf <a href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p>&amp;nbsp<br \/>\n<center><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\" width=\"800\" height=\"99\"\/><\/center><\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><span style=\"font-size: 10pt;\"><em>Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>A new rival of Ethereum (ETH) is seeing a massive boost in price after gaining support from the world\u2019s largest crypto exchange platform by volume. In a new announcement, Binance says it will officially add the layer-1 blockchain Initia (INIT) to its suite of products starting on April 24th, preceding a spike in price for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":205641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12030],"tags":[20544,16022,7185,10954,37739,21936,78645,21030,74119,74120,50950,11646,1820,1929,11086],"dealstore":[],"offerexpiration":[],"class_list":["post-205640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-atom","tag-binance","tag-cosmos","tag-crypto","tag-crypto-exchange","tag-eth","tag-ethcompetitor","tag-ethereum","tag-init","tag-initia","tag-leaps","tag-listing","tag-news","tag-official","tag-trading"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Ethereum (ETH)-Competitor Leaps Over 40% Following Official Binance Listing - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=205640\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Ethereum (ETH)-Competitor Leaps Over 40% Following Official Binance Listing - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"A new rival of Ethereum (ETH) is seeing a massive boost in price after gaining support from the world\u2019s largest crypto exchange platform by volume. 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