Infinex, a newly launched platform that aims to make it easier for DeFi applications to use across multiple blockchains, has selected Wormhole as its primary multi-chain infrastructure provider. Founded by Synthetix creator Kain WARWICK, Infinex provides a simplified interface that aims to abstract many of the complexities associated with using DeFi protocols across multiple blockchains, such as managing multiple wallets, paying gas fees, and using cross-chain bridges. The total value locked is over $125 million.
The partnership marks the beginning of a deep, multi-faceted collaboration, with more integrations in the works and additional features set to roll out in the coming months. Wormhole’s interoperability platform connects over 30 blockchains, while Infinex’s platform currently supports six: Ethereum and its Layer 2 chains Polygon, Base, Optimism, and Arbitrum, as well as Solana.
Infinex recently raised $65.3 million from a “Patron NFT” sale, selling 41,252 NFTs across four waves of sales to retail traders, venture capitalists like Solana Ventures and Breyer Capital, and high-profile individuals like Solana founder Anatoly YAKOVENKO and Aave founder Stani KULECHOV. The Patron NFTs came in three tiers, priced at $1,250, $3,000, and $5,000. The less expensive options took longer to unlock for trading, while the top tier was available for trading immediately.
Image: The Crypto Times