Arcana Network Launches the First Ever Chain Abstraction Wallet
Arcana Network is thrilled to announce the launch of the Arcana Wallet Beta, now available on the Chrome Store, setting a new standard in blockchain accessibility and user experience through its pi...
Arcana Network is thrilled to announce the launch of theArcana Wallet Beta, now available on the Chrome Store, setting a new standardin blockchain accessibility and user experience through its pioneering ChainAbstraction Protocol. Built as the first Externally Owned Account (EOA) walletto 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, in1-click, without bridging
Arcana Wallet offers a range of features designed toeliminate fragmentation and provide users with streamlined access todecentralized finance. Through Arcana’s Chain Abstraction protocol, users cannow manage their aggregated USDC, USDT, and ETH balances across multiplenetworks, all in a single wallet interface, and spend these funds instantly onany supported chain without the need for bridging.
“At Arcana, our goal is to reimagine blockchain usability byabstracting the complexities that come with multi-chain interactions. ArcanaWallet delivers an intuitive and effortless experience that allows users toengage with dApps across chains, without technical barriers” said MayurRelekar, 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, withcompatibility for additional applications and chains on the horizon. Fromcurrently supporting Ethereum, Base, Polygon, Optimism, and Arbitrum, theprotocol 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 willmark a significant step toward a unified blockchain ecosystem.
Arcana’s Chain Abstraction SDK
To cater the developer community, Arcana Network is alsolaunching the Chain Abstraction SDK, enabling developers to implement Arcana’sChain Abstraction features in their own dApps. The SDK is intended to provide aversatile toolkit for developers to build chainless user experiences andsimplify blockchain interactions for end users, helping to grow Arcana’s visionof 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 ofblockchain interactions.
Users can download Arcana Wallet from the Chrome Store andexperience the power of Chain Abstraction.
About Arcana Network
Arcana Network (https://arcana.network/) is a leading ChainAbstraction Protocol, powered by an Appchain, with the mission to transform theWeb3 UX.
Since its inception in 2021, Arcana Network has introducedproducts that make web3 effortless, with more than 4 million wallets generated,500,000 active users, and 6 million transactions to date. The upcoming ChainAbstraction Protocol built on a Cosmos Appchain and powered by $XAR, is thenext evolution in simplifying Web3.
$XAR is the utility token that captures protocol fees,secures the network, incentivises early adopters, and rewards resourceproviders.
Arcana Network’s innovative technology is backed byprominent 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.
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