Infinex

Infinex is a crypto "superapp" built by Kain Warwick, the founder of Synthetix. It is not the firm Infinex Financial Group or the phone brand Infinix. One Infinex account gives you a wallet on more than 20 chains, Solana included. It also does swaps between chains, perps trading, yield and bank deposits. You log in with a passkey, not a seed phrase. For most actions you don't need a gas token.

The pitch is the ease of an exchange while you keep your own keys. Warwick's view, from a November 2025 blog post, is that the app people use owns the value: "Outside of crypto, most value is captured by the layer that owns distribution." The INX token launched on January 30, 2026. Infinex has pledged its revenue to buying it back.

How the Infinex wallet works: passkeys, Turnkey and the Vault

You sign up with a passkey: a key pair stored on your device and unlocked with a fingerprint, face scan or PIN. Infinex keeps only the public half. Passkeys are tied to a specific domain, so a look-alike phishing site can't capture them.

Behind the passkey, Turnkey handles the keys. Infinex's help docs say neither Infinex nor Turnkey can reach them. Since August 2026 you can also export your seed phrase or private keys. The secret is shown inside Turnkey's sealed environment, not to Infinex. You get an email each time a wallet is exported.

An account has two parts, as the help centre explains:

• Wallet: the everyday account. It can call any third-party contract, so it powers swaps, trading and dapp connections. Recovery is off-chain, through a verified email address.
• Vault: a set of smart contracts that only send and move funds. Infinex says Vault funds are "100% recoverable on-chain" even if you lose your passkey or Infinex goes offline.

Other account features:

• Hardware wallets (Ledger), imported seed-phrase and private-key wallets, and Safe multisigs. Infinex shipped a dedicated multisig signing flow in September 2026.
• Account switching across several logins (August 2026).
• A browser extension that connects your Infinex account to other dapps.
• Two-factor authentication you can set per wallet (August 2026). This lets you keep a "hot" wallet for dapps and a "cold" one that can't sign dapp transactions or send funds out without a code.

Swidge: Infinex cross-chain swap and bridge

Swidge is Infinex's own swap-and-bridge engine. You pick a token on one chain and the token you want on another, and Swidge routes the trade through aggregators and bridges. Its roadmap lists Relay Protocol, Jupiter JUP$0.261+4.4%, Uniswap, 1inch and more than 20 other providers. Gas is handled for you.

Fast Execution went live in August 2026. It is a same-chain fast lane for volatile tokens such as memecoins, available on Solana, Base, BNB Chain and Robinhood Chain. It deliberately uses fewer providers (Jupiter on Solana; 1inch or Relay on EVM chains) and has its own slippage setting. One passkey sign-in covers 60 minutes of trading. The trade-off: fast mode needs the chain's native token for gas (SOL on Solana), unlike the rest of the app. Chain support keeps growing; Arc Chain was added in September 2026.

Infinex Pro: perps and spot trading via Hyperliquid and Lighter

Infinex Perps was renamed Infinex Pro on July 31, 2026. It puts perpetual futures (up to 50x leverage) and spot trading in one interface, with a portfolio view across the whole Pro account. Perps run on Hyperliquid or Lighter, and you switch venue next to the market picker. Spot trading runs on Hyperliquid; its spot markets arrived on Infinex in June 2026. Pro is built for web and mobile.

Infinex doesn't run its own order book. It is a front end and account layer on top of these venues, so liquidity, liquidation rules and outages are theirs. Prediction markets from Polymarket and Hyperliquid are in early access.

Infinex Confidential and Private Send: private crypto transfers

Infinex Confidential launched in July 2026. It runs on NEAR's Confidential Intents, part of NEAR Intents. You deposit through a one-time address. Your funds then sit on a private NEAR shard with no public explorer. Swaps made there leave no public trail. You can withdraw to any EVM or Solana address, or to Bitcoin, Dogecoin, XRP, Zcash, Cardano or Litecoin.

Private Send followed in August 2026. You send to an X account, an Infinex username or a claim link. Neither side sees the other's wallet address. Unclaimed sends refund within 14 days. At launch, each send had to be between $1 and $1,000.

Infinex is clear about the limits: "The edges are still public." Money going in and out shows on-chain as normal transfers. Someone watching can match them by amount, asset and timing. A small, approved set of validators runs the private shard, and Infinex and NEAR's relay process orders. So you are trusting a few parties, not just the code.

Infinex fiat deposits, yield and Collect

• Bank deposits: since June 2026, you can fund your account by ACH transfer or wire through Bridge.xyz and receive USDC, with no Infinex platform fee.
• Yield: in-app yield on ETH, SOL and stablecoins.
• Collect: buy digital gacha packs and receive graded physical trading cards (Pokémon, One Piece, sports) through Collector Crypt. A gacha bot on X, @InfinexCollect, went live in July 2026.

Infinex token (INX): tokenomics, sale and unlocks

INX has a fixed supply of 10 billion tokens. It lives on Ethereum, Solana and BNB Chain. The launch guide lists the official addresses:

• Solana: inxKXw9V2NDZE7hDijzpJaKKUb97NEPJDTCEEiYg4yY
• Ethereum: 0xdeF1b2D939EdC0E4d35806c59b3166F790175afe
• BSC: 0x45f55B46689402583073ff227B6ac20520052a24

Solana liquidity at launch was handled by Sunrise using Wormhole W$0.011+1.1% infrastructure.

How the supply was split at TGE:

The two sales. The 2024 Patron NFT sale raised $67.7 million, per The Block. Each Patron converted to 100,000 INX. The public sale on Sonar got off to a slow start: it had raised only 12% of its target three days in, and Infinex reworked the terms, telling users "We got the sale wrong," per Unchained. It closed on January 10, 2026 with $7.2 million committed by 868 participants. About $5 million was allocated for 5% of supply, at a $99.99 million fully diluted valuation (FDV). Those tokens unlock on January 30, 2027, unless the buyer pays to unlock early. The early-unlock price started at $300 million FDV and falls linearly to the sale price.

What INX is for. It gives fee discounts, early access to new features, governance rights and entry to the Patron Telegram group. Net platform revenue is meant to buy INX on the open market and lock it for at least a year; Infinex points to DefiLlama for revenue figures. INX trades on Coinbase, Binance, Kraken, Bybit and other exchanges, and you can buy it in-app through Swidge.

Infinex airdrop campaigns: Craterun, Yaprun and Bullrun

There was no single Infinex airdrop. Before launch, rewards came from a few campaigns:

• Craterun handed out INX vouchers, which let you buy INX at a set price. Vouchers expire on January 30, 2027.
• Yaprun µPatrons converted at 10 to 1 INX.
• The top 100 Bullrun traders received Patron NFTs.

Past rewards make up 4.76% of supply. New campaigns appear on Infinex's news page and X account. Trust claim links from those two places only.

Infinex governance and Kain Warwick

Infinex grew out of the Synthetix world. Warwick has pitched it on Solana stages since 2023, including at Accelerate 2025. In December 2024 Infinex bought Keypom, a NEAR tool for token drops. Its NEAR Intents link-up came in June 2025.

Patron holders run governance. Warwick calls the model "wide input, narrow execution". Holders give feedback, but one lead makes day-to-day calls with no vote. He is blunt about the other way: "We have clear evidence that DAO governance and other forms of governance by committee, in general, are absolutely diabolical." The rules switch on once half of Patrons back them. All net revenue must go to buybacks. The app must stay non-custodial. A Patron vote can replace the lead. Infinex has also promised a report on buybacks and sales each quarter. Proposals live at proposals.infinex.xyz.

Who Infinex is for

Infinex suits people who trade on many chains and are tired of juggling wallets, bridges and gas. Think of a Solana user who also holds coins on Base or Hyperliquid and wants one login. It also suits a newcomer who would else use an exchange and is happy with a passkey. Perps traders get two venues in one account.

It fits less well if you want a wallet built only for Solana apps. It also fits less well if you want privacy that trusts no one. And if you want recovery that never relies on email or on Turnkey, look elsewhere.

Is Infinex safe? Risks to know

• Custody depends on Turnkey. Infinex is non-custodial, but everyday Wallet keys live in Turnkey's secure enclave, and Wallet recovery runs off-chain through email. Only the Vault offers fully on-chain recovery. If Turnkey has an outage, access to your Wallet suffers too.
• Audits are hard to verify today. We could not find a current, published list of audits on Infinex's official sites, and its old docs domain (docs.infinex.cc) no longer resolves. Treat third-party claims about specific auditors with caution until Infinex republishes them.
• Third-party venues. Swaps, perps, prediction markets and fiat rails run on outside providers: Hyperliquid, Lighter, Jupiter, Relay, Polymarket and Bridge.xyz. Their outages, liquidations and rule changes reach you through Infinex. Leveraged perps can wipe out your margin.
• Privacy has edges. Confidential relies on a permissioned NEAR validator set and Infinex's own relay, and deposits and withdrawals stay visible on-chain.
• Token unlocks. The team's 20% was locked only until October 2026. Infinex's emission schedule shows circulating supply rising each month from then, followed by the Sonar Sale unlock and voucher expiry on January 30, 2027.
• Phishing. Fake airdrop and claim sites target Infinex users. Use only the links in Infinex's official links page.

Infinex vs Phantom and centralized exchanges

• Phantom: the default choice for a Solana-first wallet with a seed phrase you control and the broadest dapp support on Solana. Infinex is the better fit if cross-chain swaps, gas abstraction and integrated perps matter more to you.
• Centralized exchanges: Coinbase or Binance offer fiat rails, order books and support desks, but they hold your funds. Infinex gives you similar breadth (spot, perps, onramp, yield) while you keep the keys, at the cost of relying on Turnkey and third-party venues.
• Staking SOL: Infinex's SOL yield is a convenience. If staking SOL is all you want, you can stake natively or through a liquid staking token. Solana Compass runs its own validator and LST, and our staking page covers that route.