Avail Acquires Arcana to Simplify Multichain Experience, Enhance Blockchain Infrastructure

Avail has acquired Arcana, a chain abstraction startup, to simplify multichain experiences. Arcana's technology lets users interact with multiple blockchains without switching networks, managing separate wallets, or moving tokens through bridges. The acquisition aims to make cross-chain activity easier for developers and users, supporting interaction across major chains like Ethereum, Polygon, Avalanche, and Optimism.

Avail, a blockchain infrastructure provider, has acquired Arcana, a chain abstraction startup, in a strategic move aimed at simplifying cross-chain activity for both developers and users. The acquisition, announced on [July 02, 2025], marks a significant step in making multichain interactions more seamless and user-friendly.

Arcana specializes in chain abstraction technology, which allows users to interact with multiple blockchains without switching networks, managing separate wallets, or moving tokens through bridges. Its software development kit (SDK) and wallet tools enable unified balances and background transaction movements across chains.

Avail's acquisition of Arcana aims to integrate Arcana's abstraction layer into its Nexus mainnet, which is preparing for launch. Nexus is designed to connect applications across major ecosystems including Ethereum, Polygon, Optimism, Arbitrum, Avalanche, and Base. This integration will support a seamless multichain economy where apps and assets move freely without bridges or friction.

Avail’s goal is to simplify the complexity of the current crypto landscape, where assets and liquidity are spread across dozens of blockchains. By acquiring Arcana, Avail is positioning itself as a platform that can reduce the friction often discouraging new users from entering Web3 and encouraging developers to build cross-chain apps without the current hurdles.

Arcana, backed by investors including DCG, Republic Crypto, and Polygon Ventures, will see its products folded into the Avail stack. Existing holders of Arcana’s XAR tokens will be able to swap them for AVAIL tokens at a 4:1 ratio, with unlocks scheduled at six and twelve months.

The acquisition comes at a time when traditional finance firms are experimenting with tokenized assets and digital treasuries, adding even more networks into the mix. By simplifying cross-chain interactions, Avail and Arcana aim to make multichain activity more accessible and efficient, potentially boosting adoption and growth in the DeFi sector.

References:
[1] https://finance.yahoo.com/news/avail-acquires-arcana-simplify-multichain-224420189.html