Arcana Wallet Beta, now available on the Chrome Store, setting a new standard
in blockchain accessibility and user experience through its pioneering Chain
Abstraction Protocol. Built as the first Externally Owned Account (EOA) wallet
to leverage Chain Abstraction, Arcana Wallet enables a frictionless,
multi-chain experience where users can spend assets across Ethereum, Base,
Polygon, Arbitrum, and Optimism seamlessly, with 20+ new chains coming soon.
Unified Balance: Spend your assets held across chains, in
1-click, without bridging
Arcana Wallet offers a range of features designed to
eliminate fragmentation and provide users with streamlined access to
decentralized finance. Through Arcana’s Chain Abstraction protocol, users can
now manage their aggregated USDC, USDT, and ETH balances across multiple
networks, all in a single wallet interface, and spend these funds instantly on
any supported chain without the need for bridging.
“At Arcana, our goal is to reimagine blockchain usability by
abstracting the complexities that come with multi-chain interactions. Arcana
Wallet delivers an intuitive and effortless experience that allows users to
engage with dApps across chains, without technical barriers” said Mayur
Relekar, Founder & CEO of Arcana Network.
Key Features of Arcana Wallet
- Unified
Balances: Arcana Wallet aggregates assets into a single balance across
supported chains, allowing seamless spending without bridging. For
example, users holding USDT on Arbitrum and Optimism see a combined
balance ready to spend on Polygon or Base. - EOA
Wallet-Based Orchestration: Users can bring their existing EOA address
or create a new one, ensuring self-custody. Funds stay in the user’s
wallet, without locking up or requiring deposits to another address,
maintaining asset security and cross-app accessibility. - Universal
Address Accessibility: Unlike wallets needing app-specific setups,
Arcana Wallet retains assets within one wallet, making them accessible
across all apps—even those without native chain abstraction support. - Efficient
Gas Payments: Gas fees can be auto-funded in stablecoins (USDT or
USDC), eliminating the need to hold native tokens on each chain. Arcana’s
optimised protocol keeps gas fees up to 10X lower than traditional
solutions that use smart contract accounts. - Near-Instant
Cross-Chain Transactions: Arcana Wallet’s architecture allows
transactions to execute within seconds, making it one of the fastest
cross-chain transaction tools available. Users can spend assets on
multiple chains with one-click transactions, benefiting from improved
liquidity and usability.
Expanding dApp and Chain Compatibility
At its Beta launch, Arcana Wallet supports popular dApps,
including Uniswap, Aave, Polymarket, Hyperliquid, and Jumper, with
compatibility for additional applications and chains on the horizon. From
currently supporting Ethereum, Base, Polygon, Optimism, and Arbitrum, the
protocol aims to scale support to +20 EVM and non-EVM L1s, L2s, and appchains.
Allowing users to manage funds from any of the integrated networks, it will
mark a significant step toward a unified blockchain ecosystem.
Arcana’s Chain Abstraction SDK
To cater the developer community, Arcana Network is also
launching the Chain Abstraction SDK, enabling developers to implement Arcana’s
Chain Abstraction features in their own dApps. The SDK is intended to provide a
versatile toolkit for developers to build chainless user experiences and
simplify blockchain interactions for end users, helping to grow Arcana’s vision
of a unified Web3 UX.
Joining the Arcana Community
As the Arcana Wallet Beta moves through its Testnet phase,
feedback from users and partners will help shape the next generation of
blockchain interactions.
Users can download Arcana Wallet from the Chrome Store and
experience the power of Chain Abstraction.
About Arcana Network
Arcana Network (https://arcana.network/) is a leading Chain
Abstraction Protocol, powered by an Appchain, with the mission to transform the
Web3 UX.
Since its inception in 2021, Arcana Network has introduced
products that make web3 effortless, with more than 4 million wallets generated,
500,000 active users, and 6 million transactions to date. The upcoming Chain
Abstraction Protocol built on a Cosmos Appchain and powered by $XAR, is the
next evolution in simplifying Web3.
$XAR is the utility token that captures protocol fees,
secures the network, incentivises early adopters, and rewards resource
providers.
Arcana Network’s innovative technology is backed by
prominent investors, including Balaji S., Polygon founders, John Lilic,
Santiago Roel, and investment funds such as Woodstock, Fenbushi, Republic,
Polygon Ventures, DCG, LD Capital and others.
This article was written by FL Contributors at www.forexlive.com.