Circle launches Arc mainnet amid market anticipation

Circle has officially launched its public blockchain, Arc, which saw significant activity upon release, including the trading of meme coins like LONG and TOLLY. Approximately two hours after the mainnet launch, the total USDC volume on the chain reached 372 million. While the launch has generated substantial interest, market observers remain divided on whether Arc's institutional and compliance-focused nature will sustain the meme coin-driven wealth effects seen on other chains like Robinhood Chain.