1. First Demonstration of the Protocol
2. Reducing Friction and Increasing Accessibility
3. Current Achievements and Future Plans

Arcana Network has introduced a new protocol called "Chain Abstraction" that promises to simplify the management of multi-chain assets. The new protocol allows users to spend any tokens on any chain using a single wallet with a unified balance.

First Demonstration of the Protocol

Arcana showcased the "Chain Abstraction" protocol on the Aave platform. During the demonstration, the Arcana wallet was shown to work as a browser extension, aggregating users' balances across various assets and chains. By connecting this wallet to a platform, the user can use the aggregated balance for operations. The same demonstration was conducted on the Uniswap and Polymarket platforms, showcasing the ability to swap and deposit assets across different chains without needing to bridge.

Reducing Friction and Increasing Accessibility

Arcana's protocol supports regular externally owned accounts (EOA), removing the need to create and fund new smart contract wallets (SCW). This reduces migration costs and high gas fees, simplifying tasks for both users and developers. The protocol uses two sources of liquidity: Solvers for cross-chain liquidity and Vaults for ensuring fast and low-cost intent fulfillment.

Current Achievements and Future Plans

Arcana plans to release the Testnet in Q3 and the Mainnet in Q4 2024 along with the full suite of Chain Abstraction tools. The product lineup includes a wallet with unified balances and developer-friendly SDKs for building gasless and cross-chain wallets and apps with native Chain Abstraction support.

Arcana is advancing towards a multi-chain world, easing user interactions with various chains and assets. New partnerships and collaborations will be announced through official channels. The protocol promises to improve capital efficiency and enhance the user experience.