Infinex is beta testing a new Chrome browser extension that allows users to log in to the top 100 crypto sites across 20 chains using an old phone with fingerprint or face unlock. Passkey systems offer good security but may not be as robust as dedicated crypto hardware wallets. Passkeys are being tested on DeFi apps like Aave and Uniswap, securing half a billion dollars in TVL on Infinex. Despite their ease of use, the decentralized finance sector has been slow to adopt passkeys, which don’t require a seed phrase for new users. The Solana Seeker phone uses a thumbprint to approve transactions, but is Solana only. MetaMask is the dominant player in the space, still using seed phrases and passwords. Passkeys offer greater phishing protection by being locked to a specific domain, reducing the risk of phishing attacks that result in significant cryptocurrency losses. Patrons who participated in the NFT-based fundraising round for Infinex have traded $100 million in volume while beta testing the platform’s Hyperliquid integration.

Read more at Cointelegraph: Infinex Bets On Phone Passkeys To Access 100 crypto DApps