Getting to the hot zone: On the first day of Circle’s Arc Enterprise Chain launch, around 7.83 million transactions were processed—looks lively. But on Blockscout, the full lifecycle of USDC transfers is only about 624,000 transactions. What’s really filling the blocks is mostly meme coins, not payment use cases.
Around 400,000 new accounts were opened in a single day, and over 73,000 smart contracts were deployed. The average fee rose to about 3 cents. DEX trading volume was about $82 million—less than one-eighth of last year’s Robinhood Chain “meme day.” The highest-market-cap native token, ARGUS, is only on the order of about $16 million. TOLLY/LONG/COOL have retraced roughly 56%–77% from their highs, and some people even just call it “Arc for one day.”
What’s even more awkward is that Rachel Mayer, the product VP, used an AI-generated image to pitch DUKE (she says it’s Allaire’s dog) on day one. It reportedly got about a million views, but was questioned for not understanding meme culture and for hard-driving the cold start. Eleven institutions—including BlackRock, Visa, Mastercard, and DTCC—sit in the validator seat. The technical stack produces blocks in half a second, and Aave/Morpho have been onboarded too—but the traffic structure answers first with one sentence: before enterprise payments even show up, the market will use the most familiar way to try out this chain.$USDC #稳定币 #Arc
Around 400,000 new accounts were opened in a single day, and over 73,000 smart contracts were deployed. The average fee rose to about 3 cents. DEX trading volume was about $82 million—less than one-eighth of last year’s Robinhood Chain “meme day.” The highest-market-cap native token, ARGUS, is only on the order of about $16 million. TOLLY/LONG/COOL have retraced roughly 56%–77% from their highs, and some people even just call it “Arc for one day.”
What’s even more awkward is that Rachel Mayer, the product VP, used an AI-generated image to pitch DUKE (she says it’s Allaire’s dog) on day one. It reportedly got about a million views, but was questioned for not understanding meme culture and for hard-driving the cold start. Eleven institutions—including BlackRock, Visa, Mastercard, and DTCC—sit in the validator seat. The technical stack produces blocks in half a second, and Aave/Morpho have been onboarded too—but the traffic structure answers first with one sentence: before enterprise payments even show up, the market will use the most familiar way to try out this chain.$USDC #稳定币 #Arc
