- Infinex is adopting Wormhole Connect to facilitate multi-chain in-app token transfers for its users.
- The DeFi platform will utilize Wormhole Queries to enhance security and support cross-chain asset recovery.
Infinex aims to attract a broader audience to decentralized finance by providing multi-chain access to various protocols and applications, and it has chosen Wormhole as its main interoperability partner.
This initiative, backed by Synthetix creator Kain Warwick, allows Infinex to implement Wormhole’s technology for seamless in-app token transactions. As per an announcement made on October 7, Infinex will utilize both Wormhole Connect and Wormhole Queries to enhance token transfer capabilities.
“Infinex’s goal is to streamline the decentralized finance experience by offering a smooth, multichain user interface and ensuring safe on-chain access,” commented Kain Warwick, Infinex’s founder.
This is just the start…@infinex_app 🤝 @wormhole
Stay tuned for more 🧡 pic.twitter.com/eo3iJ1G9EV
— Infinex (@infinex_app) October 7, 2024
Efficiency and DeFi Adoption
Wormhole’s features, including efficiency and expanding adoption in the decentralized finance sector, will also benefit Infinex.
The platform’s interoperability framework currently connects with over 30 blockchains. Various protocols have utilized Wormhole for over a billion cross-chain messages and asset transfers totaling more than $45 billion.
Key industry participants utilizing Wormhole integration include digital asset securities firm Securitize, decentralized exchange Uniswap, USDC issuer Circle, and asset management leader BlackRock. Worldcoin also relies on Wormhole for its World ID integration on Solana.
The collaboration with Wormhole follows Infinex’s recent successful $65.2 million NFT sale, which attracted investments from Solana Ventures, Moonrock Capital, Framework Ventures, and Wintermute.
