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Arcana Network Launches Beta Version of Multi-Chain Wallet with Unified Balance and Chain Abstraction Features

Arcana Network Launches Beta Version of Multi-Chain Wallet with Unified Balance and Chain Abstraction Features

Arcana Network is excited to announce the launch of the Arcana Wallet Beta. You can now find it on the Chrome Store. This wallet sets a new standard for blockchain accessibility and user experience.

As the first externally owned account (EOA) wallet using chain abstraction, Arcana Wallet makes it easy for users to handle assets across Ethereum, Base, Polygon, Arbitrum, and Optimism. And guess what? More than 20 new chains are on the way!

One of the standout features is the unified balance. This means you can spend your assets across different chains with just one click—no need to bridge them. Arcana Wallet aims to eliminate fragmentation and streamline access to decentralized finance (DeFi).

With Arcana’s chain abstraction protocol, you can manage your USDC, USDT, and ETH balances all in one place. You can spend these funds instantly on any supported chain, without worrying about bridging.

Mayur Relekar, the founder and CEO of Arcana Network, shared, “Our goal is to reimagine blockchain usability. We want to simplify multi-chain interactions. Arcana Wallet delivers a user-friendly experience, allowing engagement with DApps across chains without technical barriers.”

Here are some key features of Arcana Wallet:

  • Unified Balances: The wallet combines your assets into a single balance across all supported chains. So, if you hold USDT on Arbitrum and Optimism, you’ll see that balance ready to spend on Polygon or Base.
  • EOA Wallet-Based Orchestration: You can use your existing EOA address or create a new one. This ensures your funds remain under your control, without locking them up or needing deposits elsewhere.
  • Universal Address Accessibility: Unlike other wallets that require specific setups, Arcana Wallet keeps your assets in one place. You can access them across all apps, even those that don’t support chain abstraction.
  • Efficient Gas Payments: You can auto-fund gas fees using stablecoins like USDT or USDC. This means you don’t have to hold native tokens on each chain. Arcana’s protocol keeps gas fees up to 10 times lower than traditional methods.
  • Near-Instant Cross-Chain Transactions: Transactions execute in seconds, making Arcana Wallet one of the fastest tools for cross-chain transactions. You can spend assets on multiple chains with just one click.

At its beta launch, Arcana Wallet supports popular DApps, including Uniswap, Aave, Polymarket, Hyperliquid, and Jumper. The protocol currently works with Ethereum, Base, Polygon, Optimism, and Arbitrum, with plans to expand support to over 20 EVM and non-EVM layer-ones, layer-twos, and appchains.

To assist developers, Arcana Network is also rolling out a chain abstraction SDK. This toolkit will help developers implement Arcana’s features in their own DApps, simplifying blockchain interactions for end users.

As the Arcana Wallet beta moves through its testnet phase, user feedback will help shape future blockchain interactions. You can download Arcana Wallet from the Chrome Store and experience the benefits of chain abstraction.

Arcana Network aims to transform the Web 3.0 user experience. Since its launch in 2021, it has generated over four million wallets, with 500,000 active users and six million transactions. The upcoming chain abstraction protocol, built on a Cosmos appchain and powered by XAR, is the next step in simplifying Web 3.0.

XAR serves as the utility token that captures protocol fees, secures the network, incentivizes early adopters, and rewards resource providers. Arcana Network’s technology is backed by notable investors, including Balaji S., founders of Polygon, John Lilic, Santiago Roel, and various investment funds.