Circle's Arc blockchain recorded roughly $82 million in day-one DEX volume, far below the $878 million Robinhood Chain saw on July 12, when its institutional launch was similarly overtaken by memecoins. Arc's largest token ARGUS is worth $16 million, followed by Circle's own cirBTC and EURC. Critics say Circle invited the memecoin focus: VP of product Rachel Mayer posted an AI-generated image promoting the DUKE memecoin as CEO Jeremy Allaire's dog, drawing about 1 million views and accusations of token shilling. Abbas Khan said Arc now sits in a middle ground between meme chain and corporate stablecoin chain. The chain itself runs as designed, with half-second blocks and Aave and Morpho live.

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Related on X Circle’s Arc mainnet posts strong first-week USDC activity and adoption metrics · 7 accounts · first post

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