A USDC-native L1 backed by BlackRock, Visa and Mastercard went live Sept 16. One week later:

— 2.53M addresses, gas paid in USDC at <$0.01

— $381M total value locked

— Lending leads: Morpho $207M, Aave V4 $145M

— $497M in DEX volume, Uniswap out front at $479M