I think
@arc definitely took a major reputation hit when they went full meme mode.
I think it's because they painted a narrative of themselves as this really serious chain with major corporate backing, and then they not only launched "pre-mainnet," where institutions could stack positions early (never heard of a pre-mainnet), they leaned into memes too heavy, and then their launch livestream coordination lacked awareness of the same audience they were trying to win over with memes.
Despite all of that, Arc mainnet has over 340M in TVL on the chain, which is 1/3 of
@Robinhood chain's $968M in TVL, and they've been on mainnet since July 1st.
Robinhood chain is winning the 24-hour DEX Volume game by a lot, with $1.4B vs. Arc's $100+M (according to
@DefiLlama).
Memes kinda died a little on Arc for now, but that leaves room for DeFi and utility tokens instead.
Robinhood has the meme token volume right now, and they also have tons of infrastructure for tokenized stocks, which, unless you live under a rock, you'd know that Trump just exempted tokenized securities trading for 5 years... So that's big for Robinhood chain, clearly.
nitter.net/SECGov/status/21005713…
Arc will catch up, but they'll have to recover reputation slowly. In the meantime, they should lean on tokenized stocks as well and just push volume into that.
If anyone at
@arc wants help fixing the chain, lmk. I have some ideas.
🚨 TODAY: The SEC issued an order granting temporary, conditional exemptive relief to Tokenized Securities Venues from the definition of “exchange” in the Exchange Act to trade tokenized NMS stock using innovative permissioned automated market makers and liquidity pools.