x402 weekly transactions on solana crashed 90% from 6.8m to 510k in two months. turns out gas costs kill micropayments even on cheap chains. circle's arc testnet doing $166m with zero gas fees. CRCL has fed master account access no other stablecoin issuer has. regulatory moat meets actual product market fit. ...

🚨 CIRCLE'S OWN L1?! ARC TESTNET GOES LIVE - Confirmed and discussed by @jerallaire, @arc's testnet has officially gone live... Learn about Circle's new L1 blockchain before it's too latehttps://t.co/nX48yoZ040 ...