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Arc Blockchain Surpasses $494M in DeFi TVL After Just 10 Days

Guavy AI Editorial Team
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Arc blockchain, developed by Circle, has achieved remarkable growth in its first 10 days since mainnet launch. The decentralized finance (DeFi) total value locked (TVL) on Arc reached $494 million, marking a significant milestone for the network.

This rapid growth is evident when comparing Arc's TVL to other leading blockchains, with Arc experiencing a 44.52% increase over the past week - the highest weekly rise among its peers.

The increased activity on the network has also led to higher trading volumes, with decentralized exchange volume reaching $55 million in just 24 hours.

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