Arc, a public blockchain backed by Circle, has reached $494 million in total value locked in DeFi 10 days after its mainnet launch, according to data from DefiLlama cited by BlockBeats on Sept. 26. The figure reflects a sharp rise in activity shortly after launch.
DefiLlama data also showed that Arc’s TVL climbed 44.52% over the past week, giving it the fastest growth rate among leading blockchains tracked in the comparison referenced by the report. The update points to rapid capital inflows during the network’s first days of operation.
On the trading side, decentralized exchange volume on Arc hit $55 million over the past 24 hours. The report did not provide a further breakdown of protocols or token pairs contributing to that turnover.
Arc, a public blockchain under Circle, has reached $494 million in DeFi total value locked 10 days after its mainnet launch, according to DefiLlama data cited by BlockBeats on Sept. 26.
The same dataset showed Arc’s TVL rose 44.52% over the past week, ranking first in growth rate among leading blockchains. In decentralized exchange trading, the network recorded $55 million in volume over the last 24 hours.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
