Infinex Launches Passkey System for Simplified Crypto Access
- Infinex is beta testing a Chrome extension allowing access to the top 100 crypto sites across 20 chains using passkeys.
- The system currently supports around 40 DeFi apps, including Aave and Uniswap, on six chains such as Ethereum and Solana.
- Passkeys are securing approximately $500 million in total value locked (TVL) on Infinex without issues.
- Around $12.5 million in cryptocurrency was lost to phishing scams in August, highlighting the need for better security measures.
- Infinex’s early supporters, known as Patrons, traded $100 million while testing the platform’s features.
The introduction of passkeys aims to simplify crypto transactions for users unfamiliar with wallets and seed phrases, addressing a significant barrier to entry in the DeFi space. Despite their advantages, adoption of passkeys has been slow compared to centralized exchanges that implemented them earlier this year.
With over $500 million secured through passkeys, Infinex presents a compelling solution for average users seeking easier access to crypto while maintaining security standards.(Source)
