ARCANA NETWORK

Modular Layer 1 to power Chain Abstraction

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Overview

We are excited to unveil the next milestone of Arcana Network, a user-centric chain abstraction protocol to remove the complexities of dealing with assets and gas fees across 100s of chains today and 1000s of blockchains tomorrow. A universally smooth, multichain experience for users from any blockchain ecosystem.
Arcana’s driving product design philosophy has been to abstract away web3 complexities. Starting with Arcana Auth which abstracted wallets through its MPC-based Embedded Wallets as a Service SDK, then abstracting Gas Fees through Account Abstraction with its Gasless SDK, and now abstracting away chains with its Chain Abstraction protocol. This is made possible with Arcana’s Modular Layer 1 for abstractions, slated for release in the latter half of 2024.
$XAR will provide economic security to the modular L1 of Arcana Network and will also act as a governance token in future. $XAR governance token will empower Arcana users by granting them tangible ownership of the network and a significant voice in guiding its development trajectory.
Current Price:$0.01010
Market Cap:$3,551,267 (#2371)
Volume (24h):$106,519
Circulating Supply:351,504,780
Total Supply:1,000,000,000
All-Time High:$1.52 (4/3/2024)
Last Update:Feb 14, 2025 07:57:20
More Info:CoinGecko

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  • 6/19/2024 - Arcana Network Launching User-Centric Chain Abstraction Protocol

    DUBAI, UAE, June 18, 2024 – Arcana Network, a modular Layer-1 for Abstractions, has announced its Chain Abstraction protocol, aiming to eliminate the complexities of managing assets and gas fees across multiple blockchains and provide a seamless and user-centric multichain experience. Users will see a single unified funds balance across all blockchains which they can spend on any chain.... Read more from source

    Source: DecryptDecrypt
    Projects:Arcana Network

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Ethereum Project
Ethereum
Home to digital money, global payments, and applications
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Polygon Project
Polygon
Polygon is a decentralised Ethereum scaling platform
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MultiversX Project
MultiversX
A blockchain designed for high throughput and fast execution speed
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