Circle blockchain Arc's first day was dominated by memecoins, and the traders behind them had already moved on by Thursday morning. Arc processed 7.83 million transactions in its first 24 hours, but only about 624,000 USDC transfers over the chain's entire life — the payments use case it was built for barely registered. Day-one DEX volume reached roughly $82 million, less than a tenth of the $878 million Robinhood Chain hit during its own memecoin takeover in July. Top tokens includin…
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