As the supercycle marches on, more and more normies want to join the degenerate party.

And we're already seeing such action, with apps like Coinbase skyrocketing up the finance app rankings. Not a top signal yet, anon.

Traditionally the onramp for the masses has always been centralized exchanges and although this brings the exit liquidity we all require to turn wife-changing numbers on a screen into reality, the future of crypto should ideally reside on-chain.

With all the abstraction work going on, it's only a matter of time before the noobs and normies will be slinging bets in the decentralized fashion that makes crypto the greatest place in existence.

There are, however, some serious hurdles to overcome.

One of the latest projects doing top-tier work in addressing these hurdles is Infinex, and for this reason, it’s worth your time to read on and find out what they’re cooking up.

What exactly is Infinex?

Infinex was birthed in April 2024 by Synthetix founder Kain Warwick.

At first glance it may appear to be just another crypto wallet but once you look a little deeper under the hood it quickly becomes evident that it is far more than this.

Once an account is created on the Infinex platform, a user has access to their cross-chain wallet, which acts as a non-custodial way for them to get involved in the world of decentralized finance.

For those who are unaware of the term non-custodial, it simply refers to the way that funds are held by the user or on the user's behalf.

Centralized exchanges like Coinbase or Binance are considered custodial in the sense that they hold your coins for you, non-custodial, on the other hand, means that you have full control and responsibility over the tokens you ape into.

This non-custodial aspect of crypto is one of the major ways it separates itself from the traditional finance world, and the importance of maintaining this cannot be overstated.

The saying “not your keys, not your coins” remains as important as ever. Remember Mt Gox and FTX?

Infinex’s cross-chain wallet supports all the big Ethereum-VM compatible chains, such as Arbitrum, Base, Optimism, and Solana, so it has the potential to be a one-stop shop for all your magical internet bean needs.

Within the Infinex platform, users can send, receive, trade, buy, swap, stake, and bridge coins without the need for many of the complicated aspects that have prevented many a pleb from diving head first into the crypto trenches, a place we all know you’ll never return from.

What makes Infinex special?

There are a few major factors that make Infinex different from your pick of current non-custodial wallet providers. These factors give it an edge when onboarding the next billion degens required to keep the good times rolling.

Quality user interface

As Infinex themselves state, “Infinex is built to optimize the user experience,” and they have certainly gone the extra mile to ensure that their user experience is as close as possible to that of a centralized exchange.

There will be no more clanky front-ends to navigate and multiple wallets for each chain to keep track of.

The team has made a seamless, easy-to-use UX a top priority, using a React-based front-end and TypeScript back-end that stores persistent state in Cloudflare Durable Objects online rather than on-chain.

This online storage method allows for much easier integration of protocols into the platform interface, something that traditional on-chain variants have reached a limit with, albeit with a small sacrifice in the way of censorship resistance, a necessary trade-off to compete with the big CEXs.

Private key management

One of the most intimidating aspects of taking full custody of your coins is the need to manage your private keys yourself.

Still, to this day, we see an ungodly amount of redacted shit go down, with private keys and seed phrases being leaked across all corners of the internet.

Thankfully Infinex has a solution to this problem. Passkeys.

Passkeys are Infinex’s way of securing accounts on the platform and authorizing transactions. A passkey is created during account creation and stored on the user's device.

This passkey is inaccessible to both the platform and the browser; it requires a biometric or password challenge to authorize a transaction.

What makes this better than the old-school seed phrase?

Because the passkey is specific to the Infinex domain, it cannot be used elsewhere across the cryptosphere. Unlike a regular seed phrase, it can’t be written down and, therefore, lost or forgotten by the user.

For these reasons, it is also far more secure against phishing attacks, a common attack vector that has seen many a degen get wrecked in the past.

Basically, as soon as you sign in to the Infinex platform, your passkey is recognized, and your gambling spree can begin.

At the account creation stage, users can opt to add an existing wallet address that can be used to sign a recovery transaction if their passkey is somehow lost.

If no alternative wallet is given, Infinex allows the use of social sign-ins using either Apple or Google accounts to recover lost funds. Again, these accounts are added to a user's profile at the time of account creation.

If the Infinex platform decides to implode, then the recovery transaction can be signed directly on-chain instead.

In the worst-case scenario, the Infinex crew is developing an open-source recovery app on GitHub, so no matter what happens, you can still recover your precious bags.

No more gas, no more bridges

Thanks to Infinex's cross-chain capability, all bridging across chains can be done on the platform in a seamless fashion, eliminating the need to visit specific bridging protocols.

Gas has also been abstracted away, so users no longer need to ensure they have specific gas tokens to transact on different chains.

Doesn’t get more normie-friendly than that!

What are the Infinex features?

Beyond all the big UX improvements Infinex provides various on-platform features that one would normally find on a centralized exchange.

Trading and swaps

As could be expected on any centralized exchange, Infinex provides access to spot trading and token swaps.

Thanks to the integration of platforms like Jupiter Exchange and Curve Finance, access to deep liquidity pools in a wide variety of tokens is no more than a click away.

With perpetual trading coming soon, there will really be no reason to go elsewhere for everyone from the crypto beginner to the high-leverage junky.

Something for the farmers

Fancy a bit of farming? Staking and yield farming are readily available on the platform, with access to liquid staking tokens on both Solana and Ethereum networks.

Users can deposit JITOSOL, stETH, sDAI, apxETH, or ezETH and earn the corresponding rewards.

On top of staking there are multiple yield farming opportunities thanks to different DeFi integrations and launchpads (the founder of Infinex is the founder of Synthetix afterall).

NFTs

Yes, NFTs are still a thing and are likely to make a comeback late in the cycle when everyone is a gazillionaire and needs to show off their hard-earned gains somehow.

Anticipating this incoming narrative shift, Infinex wants to add NFT storage and trading on multiple blockchains to the platform.

With integrations of NFT marketplaces like Blur on the horizon, they will be well positioned for the coming influx of wealth-flexing plebs.

Bullrun

This one is pretty novel and cool. It's a unique crypto-related card game that users can dabble in.

Collect cards that represent the top 30 tokens (soon to all be memes, of course), choose a 5-card hand for the day, and earn points based on the chosen assets’ daily performance.

As your points accumulate, you can work up the Bullrun leaderboard and be rewarded for your efforts with different prizes.

Patron NFT

Infinex’s Patron NFT collection gives owners special governance and rewards perks while maintaining the platform's decentralized vision.

The sale of these NFTs has been nothing short of a serious success, one of the largest NFT sales to date, amassing $67.7 million in total sales and 43,244 Patrons sold in just 14 days.

The NFTs can be purchased on all major NFT marketplaces, and the list of current owners is impressive.

Big funds like Peter Thiel's Founders Fund, Wintermute, Moonrock Capital, Near Foundation, and Solana Ventures are just a few on the list.

Add to these big funds individual names like Vitalik Buterin, Stani Kulechov, Anatoly Yakovenko, and Jesse Pollak, and you have a real who's who of the crypto world.

Closing thoughts

Honestly, just the list of top-tier investors in the Infinex platform is enough to get any crypto nerd's brain buzzing.

There is obviously some seriously big-brained interest in what Warwick has built here, and for this reason alone, it’s worth a second look.

The fact that Infinex abstracts away many of the pain points that crypto newcomers experience will make it an attractive option for anyone who just can’t be bothered worrying about on-chain tricks of the trade that are second nature to us.

No longer will you have to explain bridging or gas fees to your normie mate on a Friday night after 10 pints in the boozer.

You’ll be able to successfully help them lump their life’s savings into either Pepe or Bonk and “which chain” will not even be a thought in their little heads. Aren’t they nice?

Abstraction will be a huge thing moving forward and, most likely, one of the most important aspects of taking crypto to where it needs to be, a feature in our daily lives.

Infinex seems to be a solid step in that direction. It comes at a time when onboarding more users is essential to the future success of our bags.

Warwick has clearly stated his goal: “We want to break down the barriers that prevent many people from entering the world of decentralized finance,” and it is impossible for anyone to argue that such a goal isn’t a noble endeavor.

At the end of the day, any new tech that integrates the ridiculous number of existing crypto networks into one seamless interface, allowing users to jump between chains at the click of a button, is a win for everyone.

Next time your pals reject the idea of becoming on-chain investors due to the complexities and barriers to entry, you know exactly where to send them.