Dubai, United Arab Emirates, 21 November 2024, Chainwire

Arcana Network is excited to announce the launch Arcana Wallet Betanow available on the Chrome Store, which sets a new standard in blockchain accessibility and user experience through its pioneering Chain Abstraction protocol. Built as the first externally held account (EOA) wallet to use Chain Abstraction, Arcana Wallet offers a frictionless, multi-chain experience where users can seamlessly spend assets in Ethereum, Base, Polygon, Arbitrum and Optimism, with over 20 new chains emerging. soon.

The Chrome Extension Wallet is available at www.arcana.network/wallet

Unified Balance: Spend your on-chain assets with one click without linking

Arcana Wallet offers a range of features designed to eliminate fragmentation and provide users with simplified access to decentralized finance. Through the Arcana Chain Abstraction protocol, users can now manage their aggregate USDC, USDT, and ETH balances across multiple networks, all in one wallet interface, and spend these funds instantly on any supported chain without the need for bridging.

“At Arcana, our goal is to reimagine the use of blockchain by abstracting away the complexities that come with multi-chain interactions. Arcana Wallet provides an intuitive and effortless experience that allows users to interact with dApps across chains without technical barriers,” said Mayur Relekar, Founder and CEO of Arcana Network.

Key Features of Arcana Wallet

• Unified balances: Arcana Wallet pools assets into a single balance across supported chains, enabling seamless, seamless spending. For example, users who hold 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 remain in the user’s wallet without being blocked or requiring deposits to another address, maintaining asset security and cross-app accessibility.
• Universal address accessibility: Unlike wallets that require app-specific settings, Arcana Wallet keeps assets in a single wallet, making them accessible across all apps, even those without native chain abstraction support.
• Efficient gas payments: Gas fees can be self-funded in stablecoins (USDT or USDC), eliminating the need to hold native tokens on each chain. Arcana’s optimized protocol keeps gas fees up to 10 times lower than traditional solutions using smart contract accounts.
• Cross-chain transactions almost instantly: The architecture of the Arcana wallet enables transactions to be executed in 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.

Extending dApp and chain compatibility

At its beta launch, Arcana Wallet supports popular dApps including Uniswap, Aave, Polymarket, Hyperliquid and Jumper, with support for additional apps and chains on the horizon. From the current Ethereum, Base, Polygon, Optimism and Arbitrum support, the protocol aims to expand support to +20 EVM and non-EVM L1, L2 and appchains. By allowing users to manage funds from any of the integrated networks, it will mark a significant step towards a unified blockchain ecosystem.

Arcana’s Chain Abstraction SDK

To cater to the developer community, Arcana Network is also releasing the Chain Abstraction SDK, allowing developers to implement Arcana Chain Abstraction features in their own dApps. The SDK is intended to provide a versatile toolset for developers to build off-chain user experiences and simplify blockchain interactions for end users, helping to advance Arcana’s vision of a unified Web3 UX.

Joining the Arcana Community

As the Arcana Wallet Beta moves through the 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: Arcana Wallet Chrome Store

About the Arcana Network

Arcana Network is a leading on-chain abstraction protocol powered by an Appchain on a mission to transform the UX of the Web3.

Since its inception in 2021, Arcana Network has introduced products that make web3 effortless, with over 4 million wallets generated, 500,000 active users and 6 million transactions to date. The future chain abstraction protocol built on a Cosmos Appchain and powered by $XAR, is the next evolution in Web3 simplification.

$XAR is the utility token that captures protocol fees, secures the network, incentivizes early adopters, and rewards resource providers.

Arcana Network’s innovative technology is backed by prominent investors including Balaji S., founders of Polygon, John Lilic, Santiago Roel and investment funds such as Woodstock, Fenbushi, Republic, Polygon Ventures, DCG, LD Capital and others.

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Contact

Marketing Manager
Andria Efstathiou
Arcana Network
[email protected]

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