Arc Mainnet Sees $371 Million in USDC Within Two Hours of Launch

According to data monitored by Ai 姨, the Arc mainnet reached a total of 371.67 million USDC on-chain within two hours of its launch on September 16. This figure accounts for approximately 0.05% of the total USDC supply, with the number of addresses reaching 176,000. Some users bridged USDC to Arc at premiums of 80% to 100% prior to the mainnet launch, requiring significant asset appreciation to break even. Meme coin trading activity on the Arc chain is currently high.