On Arc, euros out-trade memes 💶
Arc is the stablecoin chain. We split 24 hours of its trending-pool volume, about $2.0M in total:
📊 Share of volume
$ETH /USDC: 41% ($825K)
$EUR /USD: 29% ($582K, three pools)
ETH/BTC: 15% ($309K)
Five memes combined: 15% ($294K)
🏆 Two of the four busiest pools are EURC/USDC.
📉 The memes
Four of five were red on the day, down 12% to 20%.
ASTOCK: +112% last Thursday, −33% on Friday. Valuation now $1.6M, from $4.3M.
🏦 Same day, 37 European banks' Qivalis consortium was authorised to issue a euro stablecoin.
Memes spiked and faded. The euro pools kept trading.
One day and trending pools only, so no extrapolation.
Is on-chain FX the use case that sticks? 👇
#Stablecoins #EURC #USDC
Arc is the stablecoin chain. We split 24 hours of its trending-pool volume, about $2.0M in total:
📊 Share of volume
$ETH /USDC: 41% ($825K)
$EUR /USD: 29% ($582K, three pools)
ETH/BTC: 15% ($309K)
Five memes combined: 15% ($294K)
🏆 Two of the four busiest pools are EURC/USDC.
📉 The memes
Four of five were red on the day, down 12% to 20%.
ASTOCK: +112% last Thursday, −33% on Friday. Valuation now $1.6M, from $4.3M.
🏦 Same day, 37 European banks' Qivalis consortium was authorised to issue a euro stablecoin.
Memes spiked and faded. The euro pools kept trading.
One day and trending pools only, so no extrapolation.
Is on-chain FX the use case that sticks? 👇
#Stablecoins #EURC #USDC
