Avail Acquires Arcana in 4:1 Token Swap to Scale Multichain

- Avail offers Arcana XAR token holders a 4:1 swap to AVAIL. - Deal enhances blockchain scalability and unified infrastructure. Avail, a modular blockchain infrastructure project backed by Peter Thiel’s Founders Fund, has acquired Arcana, a chain abstraction protocol. This acquisition aims to unify multichain interactions and streamline blockchain scalability. On August 27, 2025, The Block reported that the deal will merge Arcana’s chain abstraction tools into Avail’s tech stack. Negotiations began in April, and this strategic move addresses key challenges in multichain operations. As part of the acquisition, the Avail Foundation secured 100% of Arcana’s XAR token supply. Avail offers XAR holders a 4-to-1 token swap for AVAIL, with unlocks phased in at six- and twelve-month intervals for existing holders. Tokens allocated to Arcana’s team will vest gradually over three years. This token swap structure is designed to simplify major issues like gas management, bridging, and swaps across blockchain networks while aligning Arcana’s tools seamlessly with Avail’s infrastructure. The acquisition also consolidates the teams of both companies, raising the workforce to over 55 members. Furthermore, Arcana’s robust ecosystem partners—including Avalanche, BNB Chain, Polygon, and Scroll—will integrate into Avail’s network. This united infrastructure will support increased crypto adoption by addressing scalability for tokenized assets, stablecoins, and real-world assets. The companies did not disclose specific financial details of the acquisition, apart from the XAR-to-AVAIL token swap. However, The Block highlighted Avail’s $75 million in funding and Arcana’s prior $5.5 million investment.