Crypto app Infinex has launched a new feature called ‘swidge.’
Background:
- This latest update entails a new cross-chain feature that's an amalgamation of swap and bridge
- Additionally, a new integrated wallet and a novel system architecture have also been introduced
- Infinex kickstarted its journey in the crypto arena by offering simple onboarding and secure asset storage
- However now, it offers both a daily-driver wallet and an on-chain recoverable vault, all in one app
Why should you pay attention:
- Swidge is free for all users of the Infinex app
- This means, all users can ‘swidge’ between supported assets, across networks, without the friction of gas or transaction signing
- At the minute, the platform supports more than 1,000 assets across EVM and Solana networks
- Infinex has already tied up with Jupiter Exchange, Mayan Swap, Relay, and LiFi to deliver swidge
Who said what?
- Commenting on the latest feature launch, Infinex Founder, Kain Warwick, said,
“Simple and free cross-chain swaps is Infinex’s next big step towards replacing Centralized Exchanges. We want the Infinex app to be the only rational choice for your day-to-day crypto needs”
Zooming out:
- Infinex is adding support for more assets and networks, including legacy chains like Bitcoin, to provide true cross-chain functionality
- More tie-ups are expected to materialize with time
- This will help enable feature parity with centralized exchanges, providing a compelling on-chain alternative to a major untapped segment of crypto users
