After Arc’s mainnet went live yesterday, within two hours it attracted 372M USDC and about 176K addresses. Even early cross-chain USDC saw premiums as high as 80%-100%. So what’s next? With more than 50 launchpads fighting for attention, liquidity rapidly becomes fragmented. “Dragon #1” $ARGUS is like a clump of poop, and the Fed’s rate hikes plus the wise “third brother” and “little black” at the developers’ conference only fan the flames.
Ajian believes that chains like Arc—stablecoin-native chains—definitely have demand, but infrastructure hype doesn’t automatically mean every meme is valuable. When everyone rushes in like this, the more on-chain capital there is and the more launchpads there are, the less liquidity a single token may end up getting.
Be sure to distinguish: mainnet launch is an infrastructure event, while a meme surge is an attention event
Ajian believes that chains like Arc—stablecoin-native chains—definitely have demand, but infrastructure hype doesn’t automatically mean every meme is valuable. When everyone rushes in like this, the more on-chain capital there is and the more launchpads there are, the less liquidity a single token may end up getting.
Be sure to distinguish: mainnet launch is an infrastructure event, while a meme surge is an attention event
