ARC: Circle built an L1, but the launch was overtaken by memecoins. =))))) The Arc mainnet processed up to 7.83 million transactions in its first 24 hours, but most of the activity came from memecoins rather than the financial use cases Circle intended to support. Personally, what’s worth discussing isn’t whether Arc is “garbage,” but rather the gap between building a fundamentally different L1 and actually attracting real users to adopt it.
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