Infinex integrates Wormhole to power multi-chain DeFi application
Infinex Wormhole Connect is integrating multi-chain in-app token transfers for its users. The DeFi platform uses wormhole queries to strengthen security and cross-chain asset recovery.
Seeking to bring more users into the decentralized financial space, Infinex has chosen Wormhole as its primary provider of multi-chain access protocols and applications.
Founded by Synthetics creator Cain Warwick, the project uses wormhole technology to transfer in-app tokens to its users. According to the announcement on October 7, Infinex will use Wormhole Connect and Wormhole Queries To boost token transfers.
“Infinex's vision is to make decentralized finance easier by creating a decentralized, seamless, multi-chain user experience and providing the most secure way to access onchain,” said Infinex founder Cain Warwick.
This is just the beginning… @infinex_app 🤝 @wormhole
Stay tuned for more 🧡 pic.twitter.com/eo3iJ1G9EV
— Infinex (@infinex_app) October 7, 2024
Efficiency and DeFi adoption
Wormhole features favoring Infinex are its adoption of efficiency and decentralized financial ecosystem.
The platform's interoperability infrastructure currently connects more than 30 blockchains. Protocols have been wormholed to facilitate more than a billion cross-chain messages and resource transfers worth over $45 billion.
Major industry players include Wormhole Integration's digital assets securities securitization, decentralized exchange Uniswap, USDC Issuing Circle and asset management giant BlackRock. WorldCoin has entered Wormhole for World ID integration on Solana.
The merger with Wormhole is Infinex's latest $65.2 million NFT sale, which attracted Solana Ventures, Moonrock Capital, Framework Ventures and Wintermute.
