Within 2 hours online on the Arc main network, there were 372 million USDC coins on the chain, with a previous USDC premium of up to 100%
After being online for 2 hours on the Arc main network, the total amount of USDC on the chain reached 372 million, accounting for about 0.5% of the total circulation of USDC, with a total of about 176000 addresses. Before the mainnet goes live, some users transfer funds to Arc to purchase Meme tokens at a premium of 80% to 100% USDC in advance. At this cost, their target market value needs to double in order to recoup their investment.