Infinex

[[PROJECT:670]] is a non-custodial crypto superapp built by Kain Warwick, founder of the Synthetix protocol, and publicly available since 2024. The platform aims to replicate the breadth of a centralized exchange — spot trading, perpetual futures, yield, onramps, and a multi-chain wallet — while keeping users in control of their keys. Warwick's stated thesis, outlined in a November 2025 blog post, is that distribution owns the majority of value in mature financial markets and that the same dynamic is taking shape in crypto: "Outside of crypto, most value is captured by the layer that owns distribution."

Passkey-First Wallet Across 20+ Chains

The account layer at the center of Infinex is a gas-abstracted wallet with passkey authentication. Users sign up and authenticate without email addresses, passwords, or seed phrases. Passkeys are phishing-resistant by construction — they bind to a specific domain and cannot be captured by look-alike sites. Under the hood, Infinex uses Turnkey for key management infrastructure.

The wallet covers more than twenty networks, including Ethereum, Solana, BNB Chain, Avalanche, Berachain, Unichain, and chains from the NEAR Intents ecosystem, which extends support to Bitcoin, Dogecoin, XRP, and a handful of additional assets. A browser extension lets users connect the same account to third-party decentralized applications. A mobile app is in development. Hardware wallet integration via Ledger and multi-signature Safe accounts are available for users who want additional key management controls.

In December 2024, Infinex acquired Keypom, a NEAR-native platform for building custom token drops and claiming experiences, an acquisition that preceded the platform's June 2025 NEAR Intents integration.

Trading and Financial Services

Trading is organized under two parts of the product. Swidge is Infinex's cross-chain swap and bridge aggregator, pulling from more than 25 direct integrations and available at no fee. A fast execution mode shipped in August 2026 to reduce latency on cross-chain routes.

Infinex Pro, rebranded from Infinex Perps in July 2026, gives users access to perpetual futures with up to 50x leverage. Execution routes through Hyperliquid and Lighter. Hyperliquid spot markets became available inside the platform in June 2026. Prediction markets powered by Polymarket and Hyperliquid are available in early access.

Fiat onramping via bank transfer launched in June 2026 through a partnership with Bridge.xyz. Users can send ACH transfers or wires and receive USDC with no platform fees. Yield on ETH, SOL, and stablecoins rounds out the financial services layer.

A separate feature called Collect integrates physical trading card gacha pulls: users buy digital packs inside the app and receive graded physical cards — Pokemon, One Piece, and sports slabs — through a partnership with Collector Crypt.

Infinex Confidential

Infinex Confidential launched in July 2026, built on NEAR Confidential Intents. Deposits enter through a single-use address generated for a specific token and chain; funds then sit inside a private NEAR shard with no public RPC and no block explorer. Swaps executed inside the confidential environment do not appear in public transaction data. Withdrawals route to any EVM address, Solana address, or NEAR Intents-native destination — BTC, DOGE, XRP, ZEC, ADA, or LTC.

The confidential identity is separate from the main wallet keys and is passkey-gated. Infinex and NEAR's relay have access to process orders and run the service; the private shard runs on a permissioned validator set that NEAR describes as trust-minimized rather than fully trustless. As Infinex described the privacy model at launch: "The edges are still public: a deposit in and a withdrawal out are ordinary transfers on their chains, and an observer can compare them by amount, asset and timing. Confidential keeps the middle off the public chain; it does not hide the edges."

INX Token and Tokenomics

[[TOKEN:inxKXw9V2NDZE7hDijzpJaKKUb97NEPJDTCEEiYg4yY]] launched on January 30, 2026, with a total supply of 10 billion tokens across Ethereum and Solana. The Solana mint is inxKXw9V2NDZE7hDijzpJaKKUb97NEPJDTCEEiYg4yY and the EVM address is 0xdeF1b2D939EdC0E4d35806c59b3166F790175afe.

Prior to the TGE, Infinex ran two sales. A Patron NFT sale raised $67.7 million, according to The Block, with patrons receiving INX on various vesting schedules. A subsequent Sonar sale distributed 500 million tokens — 5% of total supply — under a twelve-month lock at a $300 million fully diluted valuation. The full allocation: Patron sale holders 44.04%, team 20% (locked until October 2026), treasury 16.2% fully unlocked, Craterun vouchers up to 10%, and previous incentives 4.76%.

INX is listed on Coinbase, Binance, Kraken, Bybit, KuCoin, Gate, HTX, Bitvavo, and LBank, and is available to purchase in-app through Swidge.

The revenue model ties platform fees to the token. Net revenue after direct costs goes to purchasing INX from the open market, with the purchased tokens locked for at least one year. Token holders receive fee discounts, early access to new features, governance rights, and access to a Patrons Telegram channel with direct contact with the core team.

Governance

Infinex governance centers on Patron holders. In a November 2025 blog post, Warwick proposed a model he described as "wide input, narrow execution": stakeholders provide feedback and critique, but a project lead holds the mandate to execute without committee approval for operational decisions. He was direct about the alternative: "We have clear evidence that DAO governance and other forms of governance by committee, in general, are absolutely diabolical."

The published framework requires a 50% net majority of Patrons to activate the governance system, mandates that all net revenue go to token buybacks, requires the platform to remain non-custodial, and allows the project lead to be replaced by a majority Patron vote. Governance changes require adaptive quorum voting, and quarterly reports on token buybacks and sales are a stated commitment.