According to official sources, the Rave test network, built on the Interwoven Stack of Initia, has officially launched. The project has received support from Arthur Hayes' Maelstrom Fund and is the first to introduce quantitative contracts on-chain, allowing users to trade using any collateral.

Rave officials stated that users can obtain free test tokens and fuel tokens by joining the Discord community, and immediately start experiencing Rave's trading functionality on the test network.