Infinex is integrating Wormhole Connect for multi-chain in-app token transfers for users. DeFi platforms also use wormhole queries to enhance security and recover cross-chain assets.
Infinex, a platform looking to bring more users into the decentralized finance space through multi-chain access to protocols and apps, has selected Wormhole as its primary interoperability provider.
Founded by Synthetix creator Kain Warwick, the project leverages Wormhole's technology to power in-app token transfers for users. According to an October 7 announcement, Infinex will leverage Wormhole Connect and Wormhole Query Facilitate token transfers.
“Infinex's vision is to simplify decentralized finance by creating a seamless multi-chain user experience and providing the most secure way to access on-chain,” said Kain, Founder of Infinex. Warwick said.
This is just the beginning… @infinex_app 🤝 @wormhole
Look forward to the continuation 🧡 pic.twitter.com/eo3iJ1G9EV
— Infinex (@infinex_app) October 7, 2024
Efficiency and DeFi adoption
A wormhole feature that also benefits Infinex is greater efficiency and adoption across the decentralized finance ecosystem.
The platform's interoperability infrastructure currently connects over 30 blockchains. The protocol leverages wormholes to power over 1 billion cross-chain messages and over $45 billion worth of asset transfers.
Key industry players leveraging wormhole integration include digital asset brokerage firm Securitize, decentralized exchange Uniswap, USDC issuer Circle, and asset management giant BlackRock. Worldcoin is also leveraging wormholes for World ID integration in Solana.
The integration with Wormhole follows Infinex's recent $65.2 million NFT sale, which attracted Solana Ventures, Moonrock Capital, Framework Ventures, and Wintermute.
