Arcana Network is excited to announce the launch of the Arcana Wallet Beta. It's now available on the Chrome Store. This wallet sets a new standard for blockchain access and user experience with its unique "chain abstraction protocol."

As the first externally owned account (EOA) wallet to use this protocol, the Arcana Wallet allows you to easily manage assets across multiple chains. You can effortlessly spend on Ethereum, Base, Polygon, Arbitrum, and Optimism. Plus, more than 20 new chains are coming soon!

The Chrome extension wallet can be found here.

Unified Balance

With Arcana Wallet, you can spend assets from different chains in just one click. No more hassle with bridging! The wallet is designed to eliminate fragmentation and give you streamlined access to decentralized finance (DeFi).

Thanks to the chain abstraction protocol, you can manage your USDC, USDT, and ETH balances all in one place. Spend them instantly on any supported chain without needing to bridge your assets.

Mayur Relekar, the founder and CEO of Arcana Network, shared, “Our goal is to make blockchain easier to use. Arcana Wallet provides a simple and intuitive experience, allowing you to engage with decentralized applications (DApps) across chains without any technical barriers.”

Key Features of Arcana Wallet

  • Unified Balances: The wallet combines your assets into a single balance across supported chains. For example, if you hold USDT on Arbitrum and Optimism, you'll see a combined balance ready to spend on Polygon or Base.
  • EOA Wallet-Based Orchestration: You can bring your existing EOA address or create a new one. Your funds stay in your wallet, ensuring security and easy access across apps.
  • Universal Address Accessibility: Unlike other wallets that require app-specific setups, Arcana Wallet keeps your assets in one place, accessible across all applications, even those without chain abstraction support.
  • Efficient Gas Payments: You can auto-fund gas fees in stablecoins like USDT or USDC. This eliminates the need to hold native tokens on each chain. Arcana’s protocol can reduce gas fees by up to 10 times compared to traditional methods.
  • Near-Instant Cross-Chain Transactions: Transactions execute in seconds. This makes Arcana Wallet one of the fastest tools for cross-chain transactions. You can spend assets on various chains with just one click.

Expanding DApp and Chain Compatibility

At launch, Arcana Wallet supports popular DApps like Uniswap, Aave, Polymarket, Hyperliquid, and Jumper. More applications and chains are on the way!

Currently, it works with Ethereum, Base, Polygon, Optimism, and Arbitrum. The goal is to expand support to over 20 EVM and non-EVM layer-ones, layer-twos, and appchains. This will help users manage funds from any integrated network, moving us closer to a unified blockchain ecosystem.

Arcana’s Chain Abstraction SDK

To support developers, Arcana Network is launching a chain abstraction SDK. This will allow developers to add Arcana’s features to their own DApps.

The SDK aims to provide a flexible toolkit for creating user-friendly, chainless experiences. It simplifies blockchain interactions for everyone and helps grow Arcana’s vision for a unified Web 3.0 user experience.

Joining the Arcana Community

As the Arcana Wallet beta moves through its testing phase, user feedback will play a crucial role in shaping future blockchain interactions.

You can download Arcana Wallet from the Chrome Store and experience the benefits of chain abstraction.

About Arcana Network

Arcana Network is a leading chain abstraction protocol powered by an appchain. Its mission is to transform the Web 3.0 user experience.

Since its inception in 2021, Arcana has launched products that simplify Web 3.0. They’ve generated over four million wallets, have 500,000 active users, and processed six million transactions to date.

The upcoming chain abstraction protocol, built on a Cosmos appchain and powered by XAR, represents the next step in making Web 3.0 easier. 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 notable investors, including Balaji S., founders of Polygon, John Lilic, Santiago Roel, and investment funds like Woodstock, Fenbushi, Republic, Polygon Ventures, DCG, LD Capital, and more.

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Contact: Andria Efstathiou, marketing manager at Arcana Network.

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