Circle’s Arc Chain Hits $494M DeFi TVL 10 Days After Mainnet Launch

The speed matters more than the absolute figure: reaching nearly half a billion in TVL within ten days suggests Circle's stablecoin distribution is converting directly into on-chain liquidity rather than waiting on third-party incentives. For issuers and DeFi venues, Arc is emerging as a credible distribution channel tied to USDC rails, which could pressure chains that rely on token emissions to bootstrap activity. Whether that TVL reflects durable, fee-generating usage or launch-window capital is the open question, and the DEX volume trend is the cleanest signal to track.