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Decentralized finance platform Infinex will leverage Wormhole's interoperability solution to bolster its multi-chain application.
According to the latest advertisement From Infinex, the Wormhole (W) integration provides in-app token transfers to Infinex users. With Wormhole Connect, the DeFi platform will be able to remove the barriers and challenges that come with multiple chains and tokens.
Wormhole Queries, on the other hand, allows developers to benefit from on-demand retrieval of on-chain data across chains.
Driving multi-chain DeFi innovation
The integration with Wormhole provides multi-chain access to DeFi for users, with liquidity available on all top 30 blockchain networks.
Infinex will leverage the overall security and low costs associated with the interoperability solution, which sees Wormhole used by several industry players. These include digital asset securities platform Securitize, stablecoin issuer Circle, asset management giant BlackRock, and decentralized exchange Uniswap.
The solution enables easy recovery of assets trapped on chains not supported by Base ethereum virtual machines, with secure synchronization of account states through a single transaction. This means that Infinex users will be able to recover non-USDC funds from various networks.
In addition to Solana, Infinex currently supports Base and Arbitrum across six EVM and non-EVM networks. The platform also offers access to non-fungible tokens and governance coins, and recently raised over $65.2 million through an nft sale.
The funding attracted participation from key industry players including Framework Ventures, Solana Ventures, Moonrock Capital and Wintermute.