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One week after the Arc chain launch, on-chain assets reached USD 700 million and USDC trading volume exceeded USD 7 billion.
One week after the Arc chain launch: on-chain assets exceed USD 700 million, and USDC trading volume exceeds USD 7 billion
BlockBeats reported that on September 24, Circle co-founder and CEO Jeremy Allaire posted on X, citing an official Arc chain post, that one week after the Arc chain launch, the value of on-chain assets (USDC and cirCTC) had grown from 0 to USD 700 million; USDC trading volume had exceeded USD 7 billion.
Original link https://m.theblockbeats.info/flash/368725
The Arc chain had been launched for one week.
The value of on-chain assets (USDC and cirCTC) grew from 0 to USD 700 million.
USDC trading volume exceeded USD 7 billion.
Jeremy Allaire posted on X, citing an official Arc chain post.
The following is analysis, separate from reported facts. Verify important claims independently.
“Value of on-chain assets” refers to the value of USDC and cirCTC mentioned in the article; “trading volume” refers to the value of USDC transactions.
These figures indicate that the Arc chain had already seen substantial asset holdings and USDC trading activity during its first week after launch.
Beginners can use this to understand two commonly observed metrics for blockchain projects: asset value and trading volume.
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