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Arc Network Open-Sources Code, Hits $3.3M In Testing Volume

Circle's Arc Network has been preparing ahead of the expected launch this year with more tooling available for developers.

Circle unveils Arc Network updates to help explore potential issues ahead of expected mainnet launch, while testnet transaction volumes are increasing (Grok)

Circle unveils Arc Network updates to help explore potential issues ahead of expected mainnet launch, while testnet transaction volumes are increasing (Grok)

Arc Network is preparing for mainnet launch.

Circle's native layer 1 network designed for payments has announced it will be open-sourcing its codebase. This means that developers can now run a test node to explore the efficiency of the chain, including finding potential security flaws before Arc goes live.

Earlier this month, Arc had experienced a high point in its daily testnet transaction volume history. Around $3.3M transactions were recorded on April 7, the highest in the last 6 months since an initial spike to 18M on October 19. Total transactions reached 311M with an average 0.5s block time.

With a large ecosystem composed of many industry participants, as well as powerhouse institutions from traditional finance, Arc is positioning itself as a leading chain specifically built for transferring stablecoins onchain. Native fees are settled in USDC.

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