David, DeepChain TechFlow
On September 16, Arc, the public blockchain built by Circle itself, will officially launch its public mainnet.
This was originally a grand narrative belonging to traditional financial giants: the entire chain uses USDC as both gas fee and unit of account, emphasizing sub-second finality; the initial validator list prominently features BlackRock, Visa, Mastercard, Standard Chartered Bank, and DTCC. In the prior presale, institutions bet $3 billion in FDV on the future of this chain.
However, with just 48 hours left until mainnet launch, what’s stirring capital is less about institutional narratives and more about an underground battle over token issuance rights among on-chain retail users. Current data supports this: on September 14, enthusiasm among users for positioning themselves early in Circle’s Arc chain ecosystem continued to rise, with the premium for USDC exchanges peaking at 1.8 times.
Institutions are setting up the framework for clearing and compliance in the whitepaper, while Degen traders are fiercely competing for the right to “extract fees” from this platform. PONS on Robinhood Chain has already demonstrated its wealth-creation potential—those who control the token issuance gateway can capture the largest fees.
Currently, Arc has opened early deployment to over a hundred institutions and ecosystem builders. On social media and major trading groups, what people are truly FOMOing about is the new launchpad, and they hope a leading meme coin will emerge from it.
But on Arc, while everything seems to be chasing the “next Pump.fun,” the underlying funding pipelines are entirely different. We’ve compiled key launchpads based on current market information.
(Source: Twitter user @TheMaran)
But first, it’s important to clarify that since Arc’s public mainnet doesn’t launch until September 16, how are the trading volumes circulating in the community—ranging from hundreds of thousands to millions of dollars—being generated?
The answer is on the underlying test channel.
Arc has previously opened its private mainnet (early deployment environment) to over a hundred institutions and ecosystem partners. All the transaction data currently being shared across various lists are snapshots generated within this closed environment, which has not yet been made available to the public.
Correspondingly, the platform tokens for these launchpads are also deployed on Arc’s private mainnet, with Chain ID 5042. This chain is fully operational, with contracts, pools, and trades genuinely deployed—only the access permissions are not open to the public.
The "public mainnet" on September 16 means opening the gate to the same chain. Therefore, these platform tokens will still exist after the 16th, and the pools will continue—this is why many are willing to position themselves in advance.
Therefore, this early data only proves that “the pipeline of this launchpad can function,” and does not indicate that it has achieved the speculative density of a real market.
With this premise understood, let’s examine the different playstyles and approaches on each launchpad on Arc.
Mode 1: Token issuance with immediate pool locking, no curve bonding
Representative Projects:
Tolly (@tollylabs)
ArcPad (@arcpad_meme)
This approach is the most direct, skipping the lengthy process seen on Pump.fun of fully pumping the market cap before “graduating.” After creators mint their tokens, all tokens are immediately deposited into a permanently locked USDC liquidity pool, enabling trading from the first block.
- Tolly (@tollylabs): Currently the platform with the most robust real trading data in the pre-deployment environment. Its buy-side fee is approximately 1%, and it is precisely allocated (about 64% to creators, 12% to the holder reward pool, 10% to the protocol, with the remainder repurchased and burned).
Data snapshot: Approximately $1.8 million in trading volume accumulated in the early environment, with the platform token $TOLLY reaching a peak market cap of around $2.47 million.
Platform token TOLLY (contract: 0xbc43ce8dec648ea298c4275559b81d6261c90b67)
- ArcPad (@arcpad_meme): A cleaner architecture—no internal treasury, full supply directly locked as a single-sided Uniswap V3 position in the fee locker, with a single-address anti-snipe limit set at 2%.
Data snapshot: The clean slate comes at the cost of an extremely difficult cold start. Early conditions showed only about 15 tokens, with total trading volume under $30,000. Around 20 tokens on the official launch list all had a market cap of $3,000, with individual trades ranging from just a few to twenty dollars—essentially ignored by everyone.
Mode 2: Bonding Curve Graduation, the classic path of pump.fun
Representative Projects:
Warp (@circlewarp)
Flipt (@Fliptfun)
This approach copies pump.fun’s model: tokens are first traded on an internal bonding curve, and once they reach a market cap threshold, they “graduate” as liquidity is moved to a DEX. The benefit is that new tokens have internal support during their early stages, but the downside is that success hinges entirely on graduation rates—most tokens trapped on the curve never make it.
- Warp (@circlewarp): The only curve launchpad on Arc that has successfully completed the full graduation process. It uses a USDC-denominated bonding curve, and once market cap reaches approximately $69,000, it automatically migrates to its own WarpDex with LP burned. Another feature is cross-chain: via Circle’s CCTP protocol, users can buy new tokens on Arc with USDC from Ethereum, Base, and Arbitrum in one click, with zero bridge fees displayed on the page.
Data snapshot: The official website shows 286 tokens launched and $2.15 million in cumulative trading volume. However, breaking it down, about 84% of trading volume comes from its own platform token, WARP, and only 1 token successfully graduated in six weeks. The graduation threshold is too high for newly launched memes—this is its biggest issue.
The platform token WARP (contract: 0x384c60f98ecd4c26345499345c03d677e40f115e) has a market cap of approximately $870,000.
- Flipt (@Fliptfun): The mainnet hasn't launched yet, but the testnet is live and currently has the highest interaction volume. It made a key modification to the curve: buyers receive a bonded position, not a liquid balance—they earn a share of the pool’s fees upon graduation. To exit, users must publicly queue for 90 seconds, making all large withdrawals visible to everyone. Dumping has shifted from covert operations to an open, transparent process.
Data snapshot: Graduation funding line at approximately $6,375, graduation market cap at approximately $30,000, curve trading fee of 1.25%, with 0.75% allocated to bonder. Testnet window of 48 hours, each wallet eligible for 500,000 test USDC; gold, silver, and bronze tier NFTs will be awarded based on final rankings and minted upon mainnet launch.
Platform token: None available.
Mode 3: The Social Bot Camp—launch a token with a single post on X
Representative project: Archemist (@Archemistdotfun)
This approach lowers the barrier to launching tokens to the minimum—no website needed. Simply mention a bot on X, and a single tweet is enough to create, launch, and trade the token, with liquidity automatically locked.
Its other card is creator royalties, offering up to 80% of trading fees—clearly aimed at attracting token creators.
Data snapshot: The early environment recorded cumulative trading of approximately $337,000, with around 49 tokens launched; about 77% of trading volume relied on its native platform token, ARCH. The official website homepage states that it has partnered with the block explorer Blockscout for token information verification, allowing users to directly verify contract details for each token on the explorer.
Notably, at the time of writing, its official website counter showed zero trading volume and token count, likely due to a data reset prior to the mainnet switch, reducing the reliability of early trading data.
Platform token: The contract address and market capitalization of ARCH are not currently publicly available and will need to be confirmed after the mainnet launch.
Mode 4: The Uniswap V4 camp, embedding dividends into the transaction layer.
Featured projects: ubi.fun (@ubidotfun), Minara (@minarafun)
This camp is betting on Uniswap V4. V4’s Hook mechanism allows platforms to embed rules like dynamic fees, holder dividends, and automatic buybacks directly into the transaction layer, eliminating the need for token taxes. The technical narrative is the most recent among the factions, but it’s also the coldest in current reality.
- ubi.fun (@ubidotfun): Claims to be the only Uniswap V4 launchpad on Arc, offering zero-fee token creation and distributing trading fees to creators and eligible holders, with a focus on "dividends for all holders." The official website clearly states that there is currently no platform token.
Data snapshot: No platform token yet. On the official website’s activity feed, trades are mostly small purchases ranging from tens to a few hundred dollars, with the most recent issuance occurring six days ago. Third-party statistics show only 3 tokens accumulated in total, with approximately $4,800 in trading volume, and the holder reward pool once held just $1.38. The mechanism looks promising on paper, but no capital has yet entered to validate it.
- Minara (@minarafun): Also built on Uniswap V4, it focuses on native USDC liquidity and low-friction token launches. There are rumors within the community that it has ties to Circle Ventures, though the team has not confirmed this—treat it as unverified. The website is live, but the token list is currently nearly empty.
Data snapshot: No platform token, no trading data. Note that third-party audits indicate its rules allow creators to take up to approximately 80% of the supply at launch—a design unfavorable to buyers, worth monitoring closely after mainnet launch.
Mode 5: Coin-Stock Pairs and Others
There are two names in the list that differ in gameplay from the four above and have a different risk level; they must be listed separately.
- Long.supply (@Longdotsupply): It's not doing "meme against USDC," it's doing "meme against stock tokens."
The strategy is to first bring stock tokens (CRCL, NVDA, and even the unlisted Anthropic) into Arc via your own cross-chain bridge, then create trading pairs between these stock tokens and memecoins.
According to the official website, the platform token LONG (contract: 0x2164bb17a2d38c1b5170e987b2c0416df1efc752) has reached a market cap of approximately $3.61 million, the highest among all launchpad platform tokens, with bridge funds showing approximately $1.6 million.
However, a key concern is where these "stocks" come from. They are not compliant stock tokens like those on Robinhood, but rather tokens minted by the project team themselves: it is currently unclear who holds custody of the assets, whether genuine stocks can be redeemed, or whether the bridge can be shut down unilaterally by the team—these questions remain unanswered and can be further monitored after the mainnet launch.
- act.fun (@actfunxyz): A launchpad that hadn't opened yet.
The one most skilled at timing. The platform is already up and running: its platform token, ACT, was presold on its own platform, and today (September 14), the presale concluded with both funding tiers fully met—the Architect tier at a $50,000 FDV and the Public tier at a $200,000 FDV.
The ACT contract has been announced (0x177b47be2782575284211A000EDA4112807288a5), with the official launch scheduled for September 16, the day the mainnet opens, alongside simultaneous availability for claiming and refunds. This effectively allows selling off the platform token before the mainnet goes live.
However, on-chain code checks reveal that the contract owner still retains emergency withdrawal privileges. The sold-out presale indicates genuine interest, but until these permissions are relinquished, the promise that “LP will be locked” remains just a promise.
In addition, the page also has some AI coding feel...
By now, it’s clear that all current trading volume and market capitalization are merely simulations generated by a few hundred addresses that entered at a premium, within a closed environment—April 16th is when the real test begins.
Due to space limitations, we couldn’t cover all the promising projects in detail; however, community analysts have compiled an overview and provided ratings for the launchpads, offering a useful reference for your research and investment decisions.
(Source: @Nick_Researcher)
Overall, for these platforms, we can pay attention to the following aspects of these projects:
First, observe which launchpad sees the first independent trade of a non-platform token.
Currently, Tolly, Warp, and Archestist are all tightly tied to their platform tokens. The one who first launches a meme that’s independent of the platform token and gains traction through its own popularity will be the real faucet.
Second, look at whether promises are fulfilled.
Flipt's mainnet, act.fun's LP lock-up and rights renunciation, and aka.fun's "16-day view" will all be verified or disproven within 48 hours.
Third, did the Arc chain itself experience an outage?
Whether the official RPC, browser, and Uniswap are truly open to the public, and whether USDC can move in and out smoothly, remains uncertain; we’ve seen too many makeshift operations—despite backing by top-tier institutions, the real performance can only be judged when it’s live.
As a final reminder: all projects mentioned in this article are in extremely early stages, most contracts have not been audited, and pre-mainnet data does not reflect public mainnet performance. Cryptocurrency projects carry significant risk—please do your own research (DYOR).