From ARGUS to ARCAT: What are the "P Generals" chasing on the first day of Arc's launch?

Original | Odaily Planet Daily Asher

This morning at 9 AM, the Arc mainnet officially launched. Similar to Robinhood Chain, the first tokens to gain popularity are the platform token of the token issuance platform and the native Meme coin. Odaily Planet Daily has compiled a list of popular tokens discussed by the "P Generals" on the first day of the Arc mainnet launch, seeking "second entry" opportunities.

Three ways to cross-chain to the Arc chain

Arc: A Layer 1 dedicated to stablecoins launched by Circle

Arc is a next-generation EVM-compatible Layer 1 blockchain launched by "the first stock of stablecoins," Circle, aimed at building an economic operating system for the internet, deeply integrating programmable stablecoins with on-chain financial innovations. Arc is designed specifically for financial applications, focusing on global payment, foreign exchange, lending, and capital market scenarios, with the goal of providing a secure, low-cost, compliant, and scalable foundational settlement layer for programmable currency on the internet.

Cross-chain method one: Circle official bridge

Link: https://bridge.usdc.com/, according to user feedback, cross-chain 1000 USDC, with a loss of about 0.06 USDC.

Cross-chain method two: OKX Wallet

After entering the OKX Wallet, select "Cross-chain Bridge," according to user feedback, cross-chain 1000 USDC, with a loss of about 0.12 USDC.

Cross-chain method three: Jumper Bridge

Link: https://jumper.xyz/zh, according to user feedback, cross-chain 1000 USDC, with a loss of about 0.29 USDC.

Jumper is a cross-chain aggregation platform launched by LI.FI, primarily helping users transfer and exchange assets between different blockchains. It is not a single cross-chain bridge but aggregates multiple cross-chain bridges and DEXs to automatically find suitable cross-chain paths for users.

Overview of popular tokens

ARGUS

According to GMGN data, ARGUS (contract address: 0xece5ca8bf9220718e5727754026757512212cb3c) reached a market cap of 35 million dollars at noon today, currently falling back to 23 million dollars.

ARGUS is the platform token of the token issuance platform ArgusPad on the Arc chain, not a Meme coin. ArgusPad focuses on low-threshold token issuance, allowing tokens to directly enter the Uniswap trading pool after creation, with liquidity permanently locked. Creators can customize buy/sell taxes, and the tax revenue can be proportionally allocated to creator income, token buyback and burn, holder dividends, or liquidity supplementation, with holder dividends settled in USDC.

According to official documentation, for every transaction on ArgusPad, 10% of the buy/sell tax goes to the platform, and the remaining 90% is allocated by the token creator, which can be used for creator income, distributing USDC dividends to holders, buying back and burning corresponding tokens, or supplementing liquidity. Of the income obtained by the platform, 80% will be used to buy back and burn ARGUS from the market. As of now, ARGUS has burned 43 million tokens, accounting for 4.3% of the total token supply.

TOLLY

According to GMGN data, TOLLY (contract address: 0xbc43ce8dec648ea298c4275559b81d6261c90b67) reached a market cap of 25 million dollars at noon today, currently falling back to 15 million dollars.

TOLLY is the platform token of the token issuance platform Tolly on the Arc chain, not a Meme coin. Unlike the common Bonding Curve model of Pump.fun, Tolly does not set a "graduation" stage. After the project is created, all tokens are directly locked in a liquidity pool with USDC, and tokens can be traded directly from the launch, so there is no process of migrating from the internal market to DEX.

The trading fee on the TOLLY platform is about 1%, with approximately 64% allocated to creators, 12% as rewards for holders, 10% to the protocol, and the remainder used for buying back and burning TOLLY and project tokens; the sell side (settled in project tokens) is all directly burned. As of now, TOLLY has burned over 45 million tokens, accounting for 4.5% of the total token supply.

LONG

According to GMGN data, LONG (contract address: 0x2164bb17a2d38c1b5170e987b2c0416df1efc752) reached a market cap of 17 million dollars at noon today, currently falling back to 12 million dollars.

LONG is the platform token of the token issuance platform Long.supply on the Arc chain, not a Meme coin. Long.supply maps tokenized stocks (such as NVDA, CRCL) from Robinhood Chain to Arc through its own custody bridge and allows these mapped assets to be used as trading pairs for Meme. However, Long.supply is not an official cross-chain bridge; its model is essentially to have the platform custody the assets on Robinhood Chain and then issue corresponding mapped tokens on Arc. In other words, whether assets on Arc can be redeemed back to the original chain assets fundamentally depends on the project party's own custody and redemption capabilities.

The token issuance trading pool of Long.supply charges a 1% transaction fee, with 50% going to the token creator and the other 50% to the protocol, but currently, there is no on-chain mechanism for mandatory buyback and burn of LONG. Additionally, its custody bridge also charges a protocol fee when assets are crossed in and redeemed, but the official website has not disclosed a uniform fixed rate.

COOL

According to GMGN data, COOL (contract address: 0xeb64987643db71c76b2a2be7e723decc995e5b37) reached a market cap of 7.9 million dollars at its peak today, currently reported at 6.5 million dollars.

COOL (usdc is cool) is a Meme coin on the Arc chain, with the core narrative revolving around Arc using USDC as the native settlement and pricing asset. Its image comes from the community's reinterpretation of the meme "USDC is cool," including the blue sunglasses stablecoin image used by Circle co-founder, chairman, and CEO Jeremy Allaire, as well as the mascot of the usdc.cool data site.

Additionally, the community has traced early on-chain transfer records of COOL to wallets associated with the Arc genesis block Block 0, further reinforcing its narrative as an "Arc native cultural Meme."

ARCAT

According to GMGN data, ARCAT (contract address: 0x07704b06981ea962b87296362a1281484d160000) reached a market cap of 5 million dollars at its peak today, currently reported at 3.5 million dollars.

ARCAT is a cat-themed Meme coin on the Arc chain. Its image and narrative originate from the "Cat Bat Hat Fat Rat" cat video previously shared by the official USDC account, with "the cat that runs the chain" as the community slogan.

According to the project party's disclosure, ARCAT has no presale or team allocation, and both buy and sell taxes are 0%, with the LP already burned and contract ownership relinquished. The project’s official website also showcases interactions of likes from Circle's global marketing head Peter Schroeder and chief business officer Kash Razzaghi regarding ARCAT-related content, but currently, there is no official endorsement from Circle or Arc.