Infinex Partners with Wormhole for Enhanced Multi-Chain Functionality
- Infinex integrates Wormhole Connect to facilitate multi-chain token transfers.
- The platform utilizes Wormhole Queries for enhanced security and cross-chain asset recovery.
Infinex, a burgeoning platform focused on expanding decentralized finance (DeFi) accessibility, has chosen Wormhole as its main interoperability partner. This collaboration aims at establishing a seamless multi-chain experience for its users.
The initiative, launched by Kain Warwick, the founder of Synthetix, will employ Wormhole’s advanced technology to empower in-app token transfers. According to an announcement on October 7, Infinex will leverage Wormhole Connect and Queries to enhance token transfer efficiency.
“Our mission at Infinex is to simplify the decentralized finance landscape by offering a user-friendly multi-chain experience that prioritizes safety,” stated Kain Warwick, Infinex’s founder.
This is only the beginning…@infinex_app 🤝 @wormhole
Stay tuned for more 🧡 pic.twitter.com/eo3iJ1G9EV
— Infinex (@infinex_app) October 7, 2024
Benefits of Wormhole Integration for Infinex
The integration with Wormhole is set to enhance Infinex’s performance through improved efficiency and adoption across the DeFi sector. Wormhole currently connects more than 30 blockchains, enabling over a billion cross-chain messages and asset transfers valued at over $45 billion.
Prominent industry players utilizing Wormhole’s integration include digital asset securities firm Securitize, decentralized exchange platform Uniswap, USDC issuer Circle, and asset management leader BlackRock. Additionally, Worldcoin leverages Wormhole for its World ID connectivity with Solana.
This partnership follows Infinex’s remarkable achievement of raising $65.2 million through its recent NFT sale, attracting investments from Solana Ventures, Moonrock Capital, Framework Ventures, and Wintermute.