Circle's Arc network fees drop 96.7% six days after mainnet launch
- —Arc's daily fees fell to $9,218, down 96.7% from launch day
- —Robinhood Chain logged $312K, Base $139K and Arbitrum $22.3K in daily fees
- —Arc is Circle's L1 with USDC gas and sub-second transaction finality
- —Early validators include BlackRock, Visa, DTCC, Galaxy, Mastercard and SBI Group
Why it matters: The steep fee decline raises questions about real demand for Circle's payments-focused L1 despite backing from major financial institutions.
Source: TokenPost