Arcana Network
➡️@ArcanaNetwork is the first @AbstractChain protocol that allows users to instantly use assets across multiple blockchains (including EVM and non-EVM chains) through a single balance, without cumbersome bridging operations.
⚙️Unified Asset Balance: Integrates users' assets scattered across different chains (such as USDT, USDC, ETH) into a single usable balance for seamless cross-chain usage.
⚙️Compatibility: Supports all self-custody wallets (like MetaMask, Rabby) without the need for smart accounts.
⚙️Fast Transactions: Achieves near-instant cross-chain transactions through a specially designed intent solver and a custom application chain.
➡️Makes Web3 simple and efficient for both users and developers. Users don't need to worry about which chain their assets are on; they can use them directly. Developers don't need to develop applications separately for each chain, reducing development costs.
➡️For example: If you have 10 USDC on Arbitrum and 10 USDC on Base, you can directly use 20 USDC on Optimism without manually bridging them. Developers building applications on the Oasis chain can use the @ArcanaNetwork SDK, allowing users holding Ethereum or Polygon assets to interact directly with the application without bridging.
➡️Arcana's revenue comes from charging a fee of 20-50 basis points (bps) for each chain abstract transaction, paid by users. A one-time integration fee is charged to the chain, along with an annual maintenance contract to support specific chains and their assets.
➡️Now supports 9 chains and collaborates with multiple dApps (like Jumper, Renzo). Partnered with @privy_io to allow login via email.
➡️Upcoming deep integrations with chains like Avail (Sophon and Lens chains), Solana (Sonic), Starknet, etc., launching cross-chain exchange features, Arcana appchain mainnet (supporting protocol staking), and logging into new exchanges.
Show original
5.94K
34
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.