Circle’s Arc blockchain will launch its public mainnet on September 16, raising questions about its potential for speculative growth. According to SoSoValue data, the network has attracted major institutions, including BlackRock, Visa, Mastercard, and DTCC.
Moreover, Circle secured $222 million during its May presale at a $3 billion valuation. However, Arc enters the market with a different structure from Robinhood Chain, which recently experienced a sharp meme-driven surge.
Arc Faces a Different Market
Arc will use USDC as its native gas token and target transaction completion within about 350 milliseconds. Its validator network currently includes 12 institutions, while Circle maintains significant control over the protocol.
Additionally, ARC has not launched, leaving traders without a native token for speculation, buybacks, or burns. Consequently, Arc lacks one major driver behind meme-coin cycles on other networks.
Robinhood’s Model Offers a Warning
Robinhood Chain generated daily revenue of about $4 million during its peak meme activity. However, revenue fell to $1.06 million by September 11 as speculative demand weakened.
Besides, Arc targets institutional settlement rather than retail meme trading. Its closed transaction queue could also limit trading strategies that depend on rapid transaction ordering.
Hence, Arc could still attract meme projects through its EVM compatibility and low USDC fees. Significantly, Uniswap v4 and Aerodrome support could create trading opportunities. Nevertheless, sustaining a meme boom may prove difficult without a native token or strong speculative incentives.
Related: Ethereum L1 Hits Record 25.9 TPS as Q2 Transactions Reach 203.9 Million
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