Circle launched Arc — its own Layer 1, where gas is paid $USDC .
And this is where it gets interesting.
On the first day, according to Dune, the network processed 7.76 million transactions; the number of addresses surpassed 840 thousand, and $USDC on Arc was around $650 million. Daily USDC transfer volume approached $1 billion.
But the figures aren’t the most interesting part.
Arc validators include BlackRock, DTCC, Visa, and eight more major financial institutions. More than 100 applications are also available from day one, including Aave V4, Morpho, and Uniswap.
So Circle isn’t building just another blockchain. It’s testing a model where traditional financial institutions aren’t merely using the network—they’re taking part in running it.
I like looking at launches like this without the breathless “it’s a revolution” hype. Day one shows interest. But the real test of Arc will begin when the holiday traffic ends and only real financial activity remains.
Follow @MoonMan567 — here we’re not looking at the fireworks of day one, but at what’s left after them.
And this is where it gets interesting.
On the first day, according to Dune, the network processed 7.76 million transactions; the number of addresses surpassed 840 thousand, and $USDC on Arc was around $650 million. Daily USDC transfer volume approached $1 billion.
But the figures aren’t the most interesting part.
Arc validators include BlackRock, DTCC, Visa, and eight more major financial institutions. More than 100 applications are also available from day one, including Aave V4, Morpho, and Uniswap.
So Circle isn’t building just another blockchain. It’s testing a model where traditional financial institutions aren’t merely using the network—they’re taking part in running it.
I like looking at launches like this without the breathless “it’s a revolution” hype. Day one shows interest. But the real test of Arc will begin when the holiday traffic ends and only real financial activity remains.
Follow @MoonMan567 — here we’re not looking at the fireworks of day one, but at what’s left after them.
