US capital rotating into $ARB hard.

Mercuryo data shows on-ramp volume:
• Q2: +71% vs Q1
• Q3: +200% vs Q1

Bigger shift: $USDC just flipped $ETH as the #1 on-ramp asset on Arbitrum.

Stablecoins leading = smart money positioning or yield farming setup. Either way, liquidity is flooding in.