BlackRock and Visa Will Secure Circle's Arc. But, Meme Coin Traders Plan to Storm It

Circle opens Arc public mainnet on Wednesday with 11 founding validators drawn from traditional finance. Traders are already positioning for a meme coin rush at launch.

The setup mirrors Robinhood Chain, which launched in July, pitching tokenized assets before speculative trading took over. Circle built Arc for payments and settlement, yet the same crowd is circling again.

Robinhood Chain Wrote the Script

Robinhood launched its Arbitrum-based Layer 2 on July 1, around real-world assets (RWA). Retail traders had other plans.

Within a week, meme coins set the pace. Decentralized exchange (DEX) volume hit a record $563.9 million on July 8, per Dune data. Traders created 16,639 tokens on the chain in a single day.

Activity cooled through August before climbing again. The chain cleared $1.06 billion in daily DEX volume on August 29, its first billion-dollar day. The volume also peaked at a new all-time high of $3.7 billion earlier this month.

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