🌎 Infinex Integrates Wormhole to Enhance Multichain DeFi Capabilities

Decentralized finance platform Infinex will leverage Wormhole’s interoperability solution to enhance its multichain app. According to the latest announcement from Infinex, the integration of Wormhole brings in-app token transfers to Infinex users. With Wormhole Connect, the DeFi platform will be able to eliminate the barriers and challenges that come with multiple chains and tokens.

Wormhole Queries: On-Demand Data Retrieval

Wormhole Queries allows developers to benefit from on-demand retrieval of on-chain data across various blockchain networks. This feature is designed to streamline the development process and improve the efficiency of decentralized applications (dApps).

Driving Multi-Chain DeFi Innovation

The integration with Wormhole brings multichain access to DeFi for users, offering liquidity across 30 top blockchain networks. Infinex will utilize the overall security and low costs associated with this interoperability solution. Various industry players already use Wormhole, including digital assets securities platform Securitize, stablecoin issuer Circle, asset management giant BlackRock, and decentralized exchange Uniswap.

The solution enables easy recovery of assets stuck on non-Base Ethereum Virtual Machine-compatible chains, with secure syncing of account states via a single transaction. This means Infinex users will be able to recover non-USDC funds from various networks.

Supported Networks and Recent Funding

Apart from Solana, Infinex currently supports Base and Arbitrum among six EVM and non-EVM networks. The platform also offers access to non-fungible tokens (NFTs) and governance coins. Recently, the platform raised over $65.2 million through an NFT sale. This funding attracted the participation of key industry players, including Framework Ventures, Solana Ventures, Moonrock Capital, and Wintermute.