Peter Thiel-Backed Avail Acquires Arcana in 4:1 Token Swap

• Avail acquires Arcana to tackle blockchain interoperability issues.
• Arcana’s XAR token holders offered 4:1 AVAIL swap.

On August 27, 2025, The Block reported that Avail, a modular blockchain infrastructure project backed by Peter Thiel's Founders Fund, had acquired chain abstraction protocol Arcana. This acquisition marks Avail's first, with the goal of improving multichain scalability through the integration of Arcana's technology into the Avail ecosystem.

As part of the deal, the Avail Foundation will acquire 100% of Arcana's XAR token supply. XAR token holders are being offered a 4:1 swap to convert their holdings into Avail's native AVAIL token. The release of the swapped AVAIL tokens will follow a phased unlocking schedule, with partial unlocks occurring over six and twelve months. Meanwhile, tokens allocated to the Arcana team will vest over the next three years.

The news had an immediate effect on the market. AVAIL's trading price fell by over 7%, settling at approximately $0.012, while XAR's price rose 3.6%, reaching roughly $0.0031 at the time of reporting.

Most of Arcana's team, including its leadership, will transition into Avail as part of the acquisition. This expansion will increase Avail's workforce to over 55 individuals. Furthermore, Arcana’s existing partnerships, which span platforms like Avalanche, BNB Chain, Polygon, Scroll, Linea, and Renzo, will be absorbed into Avail’s ecosystem, broadening its strategic network.

Arcana's chain abstraction technology aims to simplify the user experience across multiple blockchains by addressing challenges like liquidity fragmentation. Avail co-founder Anurag Arjun explained that the deal aligns with Avail's overarching goals, stating that Arcana's solutions "perfectly complement our vision of the future where liquidity moves instantly, applications scale across ecosystems, and the user experience feels as seamless as the internet of today."

By 14:00 UTC on August 27, 2025, AVAIL was trading at $0.012, reflecting a 7.1% decline in the past 24 hours, according to CoinMarketCap. XAR, on the other hand, was trading at $0.0031, marking a 3.6% increase over the same period.