Memecoin launchpads took 82% of Arc volume on mainnet's first day
- —DEX volume on Arc on the first day was $410.8 million, with launchpads accounting for $336.26 million
- —Arguspad processed $202.35 million and issued 83,751 tokens in 24 hours
- —Minara.fun — $36.41 million, Tollylabs — $19.65 million in turnover
- —A total of 97,025 tokens and 7.76 million transactions on September 16
Why it matters: The institutional launch of Arc with BlackRock and Visa was immediately seized by speculative memecoin launchpads, raising questions about the network's sustainability.
Source: BeInCrypto PL