Circle’s Arc mainnet went live and immediately registered meaningful on-chain activity contributing immensely to changes in Dapps Total TVL.
DefiLlama now tracks the new network with eight protocols already listed and a combined Dapps Total TVL exceeding $300 million.
That rapid accumulation of capital marks one of the stronger day-one showings for a newly launched Layer-1 focused on stablecoin finance and institutional settlement.
Morpho Blue currently leads the rankings, followed by Aave V4 and Uniswap, while several additional venues contribute smaller yet visible balances.
The Protocols Driving the Early Numbers
Morpho Blue holds the largest share, with deposits approaching $227 million. Aave V4 follows at roughly $77 million, giving the two lending platforms a clear majority of the network’s locked value. Uniswap accounts for nearly $28 million through its liquidity pools.
Aerodrome Slipstream, DyorSwap AMM, Synthra Finance, Circle Gateway and SushiSwap V3 round out the initial set of eight protocols.
Together, they push the aggregate Dapps Total TVL past the $300 million threshold within hours of mainnet availability.
Why the Concentration Matters
Lending venues dominate the early distribution. Morpho Blue and Aave V4 together control the overwhelming majority of capital, reflecting demand for yield and borrowing markets denominated in USDC—the network’s native gas and settlement asset.
DEX activity remains secondary for now, yet Uniswap and Aerodrome already provide tradable depth.
The presence of a cross-chain bridge (Circle Gateway) further signals that capital can move onto the network with relative ease.
This mix of credit markets and liquidity venues forms the foundation of Arc’s initial DeFi layer.
Frequently Asked Questions About Dapps Total TVL on Arc
Which protocols currently hold the most value?
Morpho Blue leads with approximately $227 million, followed by Aave V4 at around $77 million and Uniswap at nearly $28 million. The remaining five protocols contribute the balance needed to surpass $300 million in total.
How quickly did the Dapps Total TVL reach this level?
The eight protocols appeared on DefiLlama on the same day Arc mainnet opened to the public. Capital flowed in rapidly enough for the aggregate figure to clear $300 million within the first reporting window.
Does the concentration in lending create risk?
Heavy reliance on two lending platforms means the network’s TVL is sensitive to the performance and risk parameters of Morpho Blue and Aave V4. Diversification across additional categories will become more important as the ecosystem matures.
Is USDC the primary asset locked?
Yes, Arc uses USDC as its native gas token, and the overwhelming majority of deposits across the listed protocols sit in USDC or closely related stablecoin instruments.
Will more protocols appear soon?
DefiLlama continues to expand coverage. Additional DEXs, launchpads and specialised venues are already visible in smaller amounts, suggesting the list of eight will grow as more applications complete mainnet deployments.
Dapps Total TVL: Broader Context for the New Network
Arc launches with a permissioned validator set that includes major financial institutions and a design centred on dollar-denominated settlement.
The early Dapps Total TVL figure demonstrates that established DeFi protocols were prepared to deploy capital from day one.
Morpho Blue, Aave V4 and Uniswap provide familiar interfaces and proven risk frameworks, lowering the barrier for users who already interact with those venues on other chains.
Meanwhile, the smaller protocols add incremental depth and specialised functionality.
Whether the $300 million-plus level proves sticky will depend on sustained yield opportunities, liquidity incentives and the continued expansion of the protocol set.
For the moment, the numbers confirm that Arc opened with real economic activity rather than empty infrastructure.
