ChainCatcher report: Circle’s public blockchain, Arc, will officially launch on September 16. Following the surge in returns—thousands of times over—for tokens like CASHCAT after the Robinhood blockchain went live, the market anticipates a similar rally on Arc. As a result, on-chain capital is actively seeking early positioning and front-running opportunities. Third-party platforms have already emerged offering exchanges from Ethereum mainnet USDC to Arc-chain USDC. Data shows that Arc-chain USDC is currently trading at nearly double the premium of Ethereum mainnet USDC. Leading platforms have facilitated 11,660 such exchanges, accumulating over $5 million in trading volume, with a 3% service fee charged on each transaction. Several crypto-native platforms, including NFT marketplace OpenSea and meme coin platform fomo, have announced they will support Arc immediately upon launch. In response to fomo’s announcement, Circle co-founder Jeremy Allaire promptly offered a positive reaction, signaling potential support for the crypto-native community. Whether Arc can successfully carry forward the on-chain momentum after its launch remains to be seen by market validation.
Circle's Arc Chain to Launch on September 16; USDC on Chain Trades at Nearly 100% Premium
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Summary
Circle’s Arc Chain is set to launch on September 16; on-chain data shows USDC trading on the chain at nearly a 100% premium. ChainCatcher reports the blockchain will go live on September 16, with speculation fueling early demand. Third-party platforms now offer conversions from Ethereum-based USDC to Arc USDC, with Arc USDC trading at nearly double the price of Ethereum-based USDC. Over 11,660 transactions have been processed, totaling more than $5 million in volume, with a 3% service fee. OpenSea and Fomo have announced support for Arc. Circle co-founder Jeremy Allaire commended Fomo’s initiative, hinting at broader on-chain analysis support for the crypto-native community.
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