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▲ Circle (CRCL), USDC, Tether (USDT), Stablecoin/AI Generated Image
Circle's proprietary blockchain network Arc has made a splash, surpassing $400 million in decentralized exchange (DEX) transaction volume on the very first day of its mainnet operation. Meme coin launchpads accounted for over 80% of all on-chain transactions, driving initial liquidity.
According to BeInCrypto on September 17 (local time), the Arc mainnet processed a total of 7.76 million transactions on its official launch day, September 16. During the same period, decentralized exchange transaction volume reached $410.8 million. Notably, 82% of the total decentralized transaction volume flowed into meme coin launchpad platforms, demonstrating explosive trading activity in the early days of the network's launch.
Within the launchpad ecosystem, Arguspad's dominant position was clearly evident. Arguspad alone processed $202.35 million in transaction volume on the first day, overwhelming the entire launchpad market. Of the 97,025 new tokens created across the network that day, 83,751 were issued through Arguspad, recording an overwhelming market share.
The differentiated structure from existing launchpads also stimulated investor sentiment. Unlike Solana (SOL)-based Pump.fun, which applied a bonding curve method, Arc introduced a system that immediately and permanently locks liquidity into Uniswap v4 pools. Additionally, it set the US dollar-pegged stablecoin USDC as the base currency, simplifying token creation and transaction stages.
Market experts caution that speculative demand for meme coins in the early stages of the mainnet launch could create a temporary illusion of traffic, but they also assess that it has passed a significant stress test. Whether the network's processing capabilities, demonstrated by meme coin transactions, can settle into its original goals, such as real-world assets (RWA) and institutional financial solutions, will be a key variable determining the mid-to-long-term success of the Arc ecosystem.
[Article Key Summary]
-Circle's Arc mainnet recorded 7.76 million transactions and $410.8 million in DEX trading volume on its first day.
-Meme coin launchpads accounted for 82% of the total trading volume, with Arguspad processing $202.35 million.
-86% of new tokens were issued through Arguspad, dominating the early USDC-based on-chain ecosystem.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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