. @arc mainnet is barely a day old and the launchpad tokens already did the work.

@Arguspad $ARGUS went from under $3M before mainnet to $25M+
@TollyLabs $TOLLY from $1.3M to double digits
$WARP from 400k to around $1M
But here's what most people missed. Before mainnet, a dollar on Arc cost almost two. Native USDC was going for an 80 to 99% premium OTC, so every pre mainnet chart was priced in expensive dollars. Part of those multiples is the Arc dollar getting cheaper, not just the tokens going up. Now that the official USDC bridge is live, watch that premium close.
Everyone's posting the same list. Here's what I'm actually watching.
Every one of these pads feeds fees back into its own token. Argus takes about 10% and most of it buys back $ARGUS. Tolly splits a 1% fee and part of it buys and burns $TOLLY. @liftdotfun routes every fee to buyback and burn, and $LIFT already burned about 21% of supply from testnet revenue alone.
So the chart isn't the thesis. Pad volume is.
Take @Longdotsupply. Two days ago it showed 415 tokens launched. This morning it was 649. That's the number I'll be tracking across every pad.
More launches, more fees, more buybacks. The pad that keeps pulling creators after hype week is the one that keeps eating its own supply.
There's a second play most people are sleeping on. Stocks were the first way into Arc. Before public mainnet, people moved GLD 1:1 from Robinhood through @ellipsefun and sold it for native USDC, and GLD and CRCL pools were already live on day one. Long says about $1.6M in $CRCL has come through its bridge too. Check how each bridge is backed before you size in. If the stock rails hold, that's what keeps liquidity here after hype week.
My watch order:
$ARGUS for size and liquidity
$TOLLY for the most mature product
$LIFT for the burn math
Most people are watching the first candle but I'm watching the fee wallet.
NFA.