Circle’s Arc network is set to open its public mainnet on September 16, and analysts are wondering whether it will experience a similar meme coin frenzy to Robinhood Chain after its launch. According to SoSoValue’s analysis, the answer is no, because the structural features built to satisfy banks and regulators strip out the exact mechanics that made Robinhood Chain’s boom possible. The four conditions that played out for Robinhood Chain (revenue from meme trading, existing retail user base, buyback-and-burn mechanism, public mempool for front-running) are all absent on Arc, whose validators are regulated institutions like Visa, Mastercard, BlackRock and DTCC. Robinhood Chain’s boom has already turned over, with daily revenue falling 83% from a peak of $4 million to $1.06 million.
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