{"id":95831,"date":"2024-10-07T20:51:06","date_gmt":"2024-10-08T00:51:06","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=95831"},"modified":"2024-10-07T20:53:00","modified_gmt":"2024-10-08T00:53:00","slug":"infinex-selects-wormhole-as-primary-interoperability-solution","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/infinex-selects-wormhole-as-primary-interoperability-solution\/","title":{"rendered":"Infinex Selects Wormhole as Primary Interoperability Solution"},"content":{"rendered":"\n

Decentralized finance platform Infinex will utilize Wormhole's interoperability technology<\/a> to strengthen its multichain application.\u00a0
<\/p>\n\n\n\n

\"Infinex
Infinex Selects Wormhole as Primary Interoperability Solution<\/figcaption><\/figure>\n\n\n\n

As per the most recent statement from Infinex, Wormhole's integration enables Infinex users to make in-app token transfers<\/a>. <\/p>\n\n\n\n

Thanks to Wormhole Connect, the DeFi platform will be able to get rid of the obstacles and difficulties that come with having different chains and tokens. <\/p>\n\n\n\n

Conversely, Wormhole Queries enables developers to take advantage of on-demand retrieval of on-chain data across chains.\u00a0<\/p>\n\n\n\n

Driving multichain DeFi innovation<\/h2>\n\n\n\n

Users of DeFi now have multichain access thanks to the Wormhole connection, with liquidity across 30 of the most popular blockchain networks. <\/p>\n\n\n\n

Wormhole is an interoperability solution several industry participants use; Infinex will benefit from its low costs and comprehensive security. <\/p>\n\n\n\n

These include the decentralized exchange Uniswap<\/a>, the asset management behemoth BlackRock, the stablecoin issuer Circle, and the digital assets securities platform Securitize. <\/p>\n\n\n\n

With the approach, assets stranded on chains incompatible with the Base Ethereum Virtual Machine may be easily recovered, and account states can be securely synchronized with just one transaction. <\/p>\n\n\n\n

This implies that Infinex users can recover non-USDC cash from different networks. Infinex presently supports Base and Arbitrum among six EVM and non-EVM networks\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> in addition to Solana. <\/p>\n\n\n\n

In addition, the platform provides access to governance coins and non-fungible tokens. Through a recent NFT sale, the platform raised nearly $65.2 million. Important participants in the business, such as Framework Ventures, Solana Ventures, Moonrock Capital, and Wintermute, participated in the fundraising.<\/p>\n","protected":false},"excerpt":{"rendered":"

Decentralized finance platform Infinex will utilize Wormhole’s interoperability technology to strengthen its multichain application.\u00a0 As per the most recent statement from Infinex, Wormhole’s integration enables Infinex users to make in-app token transfers. Thanks to Wormhole Connect, the DeFi platform will be able to get rid of the obstacles and difficulties that come with having different […]<\/p>\n","protected":false},"author":43,"featured_media":95832,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[22240,22239,13133],"class_list":["post-95831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-infinex","tag-interoperability-technology","tag-wormhole-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/10\/croc_1728345998092.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/95831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=95831"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/95831\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/95832"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=95831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=95831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=95831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}