As a seasoned researcher who has witnessed the evolution of the blockchain industry, I find the collaboration between Infinex and Wormhole to be an exciting development. Having followed the growth trajectory of both platforms, I am confident that this partnership will drive multi-chain DeFi innovation to new heights.
Infinex, a decentralized finance platform, plans to enhance its multi-chain application by utilizing Wormhole’s interoperability technology.
As per the recent update from Infinex, the incorporation of Wormhole (W) is intended to introduce in-app token transfers for Infinex users. This integration, through Wormhole Connect, aims to eliminate the obstacles and complications associated with various chains and tokens on the Decentralized Finance (DeFi) platform.
Wormhole Queries, conversely, empowers developers by providing them with the ability to access real-time, on-chain data from various blockchains as needed.
Driving multi-chain DeFi innovation
The integration with Wormhole brings multichain access to DeFi for users, with liquidity available across 30 top blockchain networks.
As an analyst, I’m strategically leveraging the interoperability solution offered by Wormhole, which is renowned for its robust security and cost-effectiveness. Notably, this platform is being utilized by a diverse range of industry heavyweights such as Securitize (a digital assets securities platform), Circle (a stablecoin issuer), BlackRock (a leading asset management firm), and Uniswap (a decentralized exchange).
With this method, you can swiftly retrieve assets trapped on chains that aren’t compatible with the Base Ethereum Virtual Machine, all while ensuring safe synchronization of account states through just one transaction. In simpler terms, Infinex users will now have the ability to recover non-USDC funds from multiple networks.
Beyond Solana, Infinex presently caters to Base, Arbitrum, along with four other EVM and non-EVM networks. Notably, this platform provides avenues for non-fungible tokens and governance coins. Intriguingly, the platform recently raked in over $65.2 million through a sale of Non-Fungible Tokens (NFTs).
Key industry investors like Framework Ventures, Solana Ventures, Moonrock Capital, and Wintermute were enticed by the available funding, thereby joining the project.
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2024-10-07 20:14