On September 16th, the Arc mainnet officially commenced operations. Remarkably, within a mere two hours, the total volume of USDC on the chain soared to 371.67 million, representing 0.05% of the entire USDC supply, distributed across 176,000 addresses. Some users, eager to seize the initiative, opted to cross-chain USDC to Arc at a premium ranging from 80% to 100%. This meant that for these users to break even, the market value of their invested assets would need to double. Presently, the Arc chain is witnessing relatively high trading activity in Meme tokens.
