Decentralized finance platform Infinex has recently announced its decision to utilize Wormhole’s interoperability solution to enhance its multichain app. This strategic move will enable Infinex users to conduct in-app token transfers seamlessly. By integrating Wormhole Connect, Infinex aims to address the complexities associated with multiple chains and tokens, thereby improving the overall user experience.
In addition to facilitating in-app token transfers, Wormhole Queries will empower developers to access on-chain data across different blockchain networks on demand. This feature is expected to drive innovation in multi-chain DeFi applications, providing users with access to liquidity across 30 prominent blockchain networks.
By leveraging Wormhole’s interoperability solution, Infinex stands to benefit from enhanced security measures and cost-efficiency. The solution has garnered significant traction within the industry, with notable players such as Securitize, Circle, BlackRock, and Uniswap already utilizing Wormhole for their operations. Infinex users will now have the ability to recover assets trapped on non-Base Ethereum Virtual Machine-compatible chains securely, thanks to the seamless syncing of account states through a single transaction.
At present, Infinex supports Base, Arbitrum, and Solana among six EVM and non-EVM networks. The platform also offers access to non-fungible tokens and governance coins, with a recent NFT sale raising over $65.2 million. This fundraising round saw the participation of leading industry investors, including Framework Ventures, Solana Ventures, Moonrock Capital, and Wintermute, underscoring the growing interest in Infinex’s innovative approach to decentralized finance.