The Coinformer banner
Live 5m

Circle's unreleased Arc blockchain drew $10M in trading volume before access vanished

Traders turned Circle's officially unreleased Arc blockchain into a 3,000-token market before public access abruptly disappeared.

Arc/The Coinformer

Discuss this article:

Does this story need context? Notes are selected by independent community ratings, not editors.
How it works

Public access to Circle's unreleased Arc mainnet became unavailable on Thursday, July 30, after its publicly exposed connection stopped working, leaving early traders unable to swap tokens or view balances through applications using it.

RadarDEX, formerly known as ArcDEXScan, displayed a warning at the top of its website saying, "Arc RPC is currently unavailable, so you can't swap or view balances. It's beyond our control. Please wait until RPC is back," a check by The Coinformer showed.

RadarDEX's warning. Source: RadarDEX

RadarDEX's warning. Source: RadarDEX

RadarDEX's warning. Source: RadarDEX

  • An RPC, or remote procedure call endpoint, is the gateway that wallets and applications use to read blockchain data and submit transactions.
  • Its disappearance confirms that public access was interrupted, though it doesn't prove that Arc stopped producing blocks or that users' assets were deleted.

Circle, the issuer of the USDC stablecoin and developer of Arc, hasn't officially launched the network yet. Its deployment roadmap still describes the public testnet as live, while listing both the private and public mainnets as "upcoming."

Before the shutdown, a search-engine snapshot of RadarDEX showed more than 3,240 tokens and over $10 million in 24-hour trading volume.

However, those figures came from the platform itself, may include repeated or automated trading and don't necessarily represent the amount of money currently inaccessible.

  • As of press time, Circle has made no public statement on the matter or said when it plans to restore access.