Infinex Adopts Wormhole as Multi-Chain Infrastructure Provider

Infinex, a new platform designed to provide a user-friendly interface for DeFi (Decentralized Finance), has announced its partnership with Wormhole (W) as its primary multi-chain infrastructure provider, according to a report by The Block. Infinex, which recently raised $65 million through an NFT sale, aims to streamline the DeFi experience by integrating multi-chain interoperability through Wormhole’s infrastructure.

The collaboration between Infinex and Wormhole signifies a critical step in creating a scalable platform that allows users to easily navigate the increasingly complex multichain world. Robinson Barkley, Co-Founder of the Wormhole Foundation, emphasized that this partnership will enable the development of “a strong, scalable platform that allows users to navigate the multichain world with confidence and ease.”

Infinex’s Vision: Simplifying DeFi with a Multi-Chain Focus

As the world of Decentralized Finance (DeFi) continues to grow in complexity, platforms like Infinex are working to provide users with simpler, more intuitive ways to interact with multiple blockchain ecosystems. Infinex aims to bridge the gap between DeFi newcomers and experienced users by offering a streamlined interface that reduces the complexities often associated with decentralized applications (dApps), yield farming, liquidity provisioning, and other DeFi activities.

The platform’s adoption of Wormhole as its multi-chain infrastructure provider represents a significant step toward realizing its vision. By leveraging Wormhole’s infrastructure, Infinex will enable users to seamlessly access and interact with assets across multiple blockchains, further simplifying the DeFi experience.

What Is Wormhole?

Wormhole is a cross-chain interoperability protocol designed to connect various blockchain ecosystems, allowing for the seamless transfer of assets and data across multiple chains. By acting as a bridge between different blockchains, Wormhole supports the interoperability that is crucial for the future of DeFi and the broader Web3 ecosystem.

Wormhole is supported by a decentralized network of validators who verify and secure cross-chain transactions. The protocol’s ability to facilitate interaction between blockchains such as Ethereum, Solana, Binance Smart Chain, and others makes it an attractive solution for platforms looking to offer users access to a diverse array of assets and applications across the blockchain space.

With Wormhole as its infrastructure provider, Infinex can offer its users the ability to move assets between multiple blockchains, engage with cross-chain dApps, and participate in various DeFi opportunities without the limitations of a single-chain platform.

The Importance of Multi-Chain Interoperability

As the blockchain ecosystem grows, users are increasingly interacting with assets and dApps across multiple chains. However, the lack of interoperability between blockchains has long been a challenge, creating friction for users who wish to access decentralized services across different networks.

Platforms like Infinex are addressing this challenge by incorporating multi-chain infrastructure, which allows for a smoother and more integrated user experience. By partnering with Wormhole, Infinex can provide users with access to a range of blockchain ecosystems, enabling the free flow of assets and liquidity across multiple networks.

This focus on interoperability is essential for the continued growth of DeFi, as it ensures that users are not limited to a single blockchain’s ecosystem. Instead, they can access the best opportunities across various platforms, increasing flexibility and broadening the scope of DeFi participation.

Infinex’s $65M NFT Sale and DeFi Ambitions

The $65 million raised by Infinex through its recent NFT sale marks a major milestone for the platform as it continues to develop its ecosystem. The funds will be used to build out Infinex’s suite of DeFi tools and services, with an emphasis on ease of use and accessibility.

Infinex’s focus on creating a user-friendly interface for multi-chain DeFi positions it as a key player in the next generation of decentralized applications. By integrating with Wormhole, the platform is well-equipped to provide users with access to cross-chain DeFi opportunities, further expanding its potential user base.

Wormhole’s Role in the Future of DeFi

Robinson Barkley, Co-Founder of the Wormhole Foundation, emphasized the importance of this partnership, stating that it will enable Infinex to build “a strong, scalable platform that allows users to navigate the multichain world with confidence and ease.” This collaboration highlights the growing role of Wormhole in the DeFi space, as the demand for multi-chain interoperability continues to rise.

By facilitating seamless cross-chain transactions, Wormhole ensures that DeFi platforms like Infinex can provide users with the flexibility they need to navigate a multi-chain environment. This ability to interact with various blockchain ecosystems is crucial for the future of DeFi, as it allows users to optimize their participation in decentralized finance across different networks.

The Future of Multi-Chain DeFi

As multi-chain DeFi becomes more prevalent, platforms like Infinex and protocols like Wormhole will play a critical role in shaping the future of decentralized finance. The ability to move assets and data across multiple blockchains is essential for creating a more inclusive and accessible DeFi ecosystem.

By adopting Wormhole as its multi-chain infrastructure provider, Infinex is positioning itself to be at the forefront of this shift. The platform’s focus on simplifying DeFi, combined with Wormhole’s cross-chain capabilities, will provide users with an enhanced experience that reduces complexity while maximizing access to a wide range of decentralized services.

The combination of multi-chain interoperability, user-friendly interfaces, and DeFi accessibility sets the stage for Infinex’s growth in the rapidly evolving world of decentralized finance. As more users seek to navigate the complexities of DeFi, platforms like Infinex that offer seamless cross-chain functionality will likely see increased adoption.

Conclusion

Infinex’s adoption of Wormhole as its primary multi-chain infrastructure provider marks a significant development in the evolution of DeFi. By integrating Wormhole’s cross-chain interoperability, Infinex will provide users with the ability to seamlessly access and interact with assets across multiple blockchains, enhancing the DeFi experience.

With $65 million raised through its NFT sale, Infinex is well-positioned to develop a robust, user-friendly platform that caters to both experienced and novice DeFi users. As the platform continues to grow, its partnership with Wormhole ensures that it can offer the flexibility and scalability required to thrive in the multi-chain world of decentralized finance.

To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.

Dogecoin (DOGE) now faces immense competition with other meme coins, and experts believe there are much better altcoins to bet on in the coming bull run. Neiro (NEIRO), Pepe (PEPE), Bonk (BONK), and ETFSwap (ETFS) all present unique profit opportunities. However, the standout pick of these altcoins is ETFSwap (ETFS), which capitalizes on its impressive underlying value to drive its price upwards. The ETFSwap (ETFS) presale is ongoing, and users can secure the last token spots before the final stage closes.

ETFSwap (ETFS) Set For The Biggest Altcoin Gain In 2024

ETFSwap (ETFS) is one of the most promising altcoins in the market right now. Experts see the new token as a superior pick to Dogecoin (DOGE) due to its inherent utility and undervalued presale price. ETFSwap (ETFS) is an emerging platform that will power the decentralized trading of tokenized ETFs.

The new platform will list tokenized ETFs backed by actual securities from centralized markets. Capitalizing on blockchain capabilities, these tokenized ETFs revolutionize the way ETFs will be owned, managed, and traded. Also, crypto compatibility opens up a lot of new ways to make passive income, including staking and liquidity pools.

Additionally, users on ETFSwap (ETFS) will be able to swap their crypto to ETFs within minutes, offering a smoother entry into the market to crypto investors. This model of cross-value transfer is enabled via collaboration with regulated investment banks that trade both assets. 

ETFSwap (ETFS) has been impressive in terms of presale so far, raising over $5 million as the launch approaches. The new platform is emerging as the first of its kind, and investors are capitalizing on the first-mover advantages to accumulate more tokens for presale. The ETFSwap (ETFS) has announced Phase 1 beta, which will offer early access to investors.

Also, the ETFSwap (ETFS) has passed a KYC audit by SolidProof, guaranteeing investors the legitimacy of the project. Let’s look at the prospects on other altcoins.

Neiro (NEIRO): New Dog-Themed Memecoin On Ethereum

Neiro (NEIRO) is one of the more exciting altcoins to buy and is poised to perform better than Dogecoin (DOGE). The newer meme coin has risen to a $415 million market cap despite only launching in July. Experts believe Neiro (NEIRO) is on pace for higher price trends and could be the Dogecoin (DOGE) of the current market cycle.

As of this writing, Neiro (NEIRO) is trading at $0.0009877 with a 950% price increase over the past month. Neiro (NEIRO) is the leading meme coin performer in the market right now and could be poised for more gains. Also, Neiro (NEIRO) is moderately priced at the moment, leaving room to reach the heights of other top meme coins.

Pepe (PEPE) Is A Leading Meme Coin With Room To Surge

Pepe (PEPE) is another top meme coin and is considered one of the altcoins better than Dogecoin (DOGE) right now. Pepe (PEPE) has shown a stronger price trend over the past year and is poised to rally higher in this market rally. Rising to a new all-time high earlier in May, Pepe (PEPE) is in reach of another all-time high in healthier market conditions.

As of this writing, Pepe (PEPE) is trading at $0.0000096 with a $4 billion market cap. Compared to Dogecoin (DOGE), there’s still room for Pepe (PEPE) investors to book some profit in the coming bull run.

Bonk (BONK) Is A Solana-Based Memecoin To Buy

Bonk (BONK) is another undervalued meme coin compared to Dogecoin (DOGE) but could offer better returns. Bonk (BONK) emerged as a flagship meme coin for the Solana network, a symbol of the blockchain’s revival following the horrific crash of the FTX exchange. Bonk (BONK) is another Shiba Inu-inspired meme coin and looks promising in the coming rally.

As of this writing, Bonk (BONK) is trading at $0.00002245 with a $1.5 billion market cap. Also, Bonk (BONK) has risen by over 10,000% in the past year, and investors will target higher gains this year.

Conclusion

Bonk (BONK), Pepe (PEPE), Neiro (NEIRO), and ETFSwap (ETFS) are all considered better alternatives to Dogecoin (DOGE). Although the mentioned altcoins have reached recent highs, ETFSwap (ETFS) is still fresh at the bottom and poses an early opportunity for massive profits. ETFSwap (ETFS) is still open on the last presale stage for investors at $0.03846 per token; get in now.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

NYDIG Says Bitcoin Still Best Performing Asset of 2024

In a recent analysis, New York Digital Investment Group (NYDIG), a leading Bitcoin financial services and infrastructure firm, highlighted Bitcoin’s performance in 2024, claiming that the cryptocurrency remains the best performing asset of the year. According to a report by The Crypto Basic, despite a modest 2.5% increase in the last quarter (Q3), Bitcoin has outpaced other major asset classes throughout the year.

The report also emphasized rising exchange-traded fund (ETF) inflows and increasing corporate adoption, which are key factors supporting Bitcoin’s sustained dominance in the market. NYDIG’s analysis provides a comprehensive look at how Bitcoin continues to outperform traditional assets, even during periods of market volatility.

Bitcoin’s Resilience in 2024

According to NYDIG’s analysis, Bitcoin’s 2.5% rise in the third quarter may seem modest compared to its past volatility and larger historical gains. However, the firm notes that Bitcoin has consistently maintained its position as the best performing asset for the year, outperforming equities, commodities, and other investment vehicles.

Bitcoin’s resilience in 2024 is particularly noteworthy given the challenges the market has faced, including regulatory uncertainty and macroeconomic factors that have caused volatility across traditional financial markets. Despite these headwinds, Bitcoin’s year-to-date performance remains strong, further solidifying its role as a leading store of value and investment asset.

ETF Inflows and Corporate Adoption Boost Bitcoin

A major highlight of NYDIG’s analysis is the increasing interest in Bitcoin ETFs and the broader corporate adoption of the cryptocurrency. ETF inflows have seen significant growth throughout the year, providing institutional and retail investors with easier access to Bitcoin exposure through traditional investment platforms.

The approval and launch of Bitcoin ETFs in various regions have contributed to renewed interest from institutional investors, helping to drive demand for the digital asset. This increased demand has played a key role in stabilizing Bitcoin’s price and positioning it as the best performing asset of 2024.

In addition to ETFs, corporate adoption of Bitcoin has continued to grow. More companies are integrating Bitcoin into their balance sheets, payment systems, and financial strategies, further supporting its mainstream adoption. NYDIG highlighted that corporate interest in Bitcoin is contributing to its long-term growth potential, with companies recognizing Bitcoin’s role as a hedge against inflation and a way to diversify their portfolios.

Bitcoin vs. Traditional Assets

Compared to traditional asset classes, Bitcoin’s performance has been unparalleled in 2024. While global stock markets, commodities, and bonds have experienced mixed results due to economic uncertainties, Bitcoin has emerged as a top-performing asset, driven by its unique characteristics as a decentralized, scarce digital asset.

NYDIG’s analysis indicates that Bitcoin’s performance in 2024 is not just a result of short-term price movements but also reflects its growing institutional acceptance and technological advancements. As more investors recognize Bitcoin’s potential to deliver long-term value, its market position continues to strengthen.

Bitcoin’s resilience in the face of economic uncertainty, regulatory challenges, and market volatility has solidified its reputation as a safe haven asset, much like gold, but with additional benefits such as portability and programmability.

What’s Driving Bitcoin’s Success in 2024?

Several key factors are contributing to Bitcoin’s success as the best performing asset of 2024:

1. ETF Inflows: The increasing inflows into Bitcoin ETFs have provided institutional investors with a regulated and convenient way to gain exposure to Bitcoin, boosting demand and contributing to price stability.
2. Corporate Adoption: Companies are increasingly adopting Bitcoin as part of their financial strategies, recognizing its role as a store of value and a hedge against inflation. This corporate adoption has helped drive long-term demand.
3. Market Maturity: Bitcoin has matured significantly over the past few years, with improvements in scalability, security, and regulatory clarity. This market maturity is attracting more sophisticated investors who are looking for alternative assets in uncertain economic times.
4. Global Economic Factors: Ongoing concerns about inflation, interest rates, and geopolitical uncertainty are driving investors toward assets like Bitcoin that can serve as a hedge against traditional market risks.

Bitcoin’s Outlook for the Remainder of 2024

While the 2.5% gain in Q3 may not seem significant, the broader context of Bitcoin’s performance in 2024 paints a positive picture for the cryptocurrency’s future. With continued interest from institutional investors, growing corporate adoption, and the success of Bitcoin ETFs, NYDIG believes that Bitcoin is well-positioned to maintain its status as a top-performing asset for the remainder of the year.

As the market continues to evolve, Bitcoin’s role as a store of value and investment vehicle is likely to expand, especially as more investors recognize its potential to hedge against inflation and economic instability. NYDIG’s analysis suggests that while short-term fluctuations are expected, Bitcoin’s long-term outlook remains strong.

Conclusion

NYDIG’s recent analysis underscores Bitcoin’s position as the best performing asset of 2024, despite a modest 2.5% increase in the last quarter. The report highlights key drivers, including rising ETF inflows and growing corporate adoption, which have helped Bitcoin outperform traditional assets throughout the year.

As institutional interest and corporate adoption continue to grow, Bitcoin is likely to remain a key player in the global financial markets. Its ability to weather economic uncertainty and provide a decentralized, secure alternative to traditional assets makes it a compelling option for both institutional and retail investors alike.

To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.