Ignas questions Arc's alignment with crypto culture

DeFi researcher Ignas criticized Arc for its positioning as a permissioned enterprise chain for forex and payments, arguing that it lacks support for crypto-native culture. Comparing it to Robinhood Chain, which integrates with the Ethereum ecosystem, Ignas suggested that Arc's only compelling narrative is its potential token airdrop. He noted that 60% of ARC tokens are allocated to the ecosystem, likely for institutional partners rather than retail users, and warned that the community may look for other opportunities if no new narrative emerges.