Aave V4’s Arc market is swimming in $76 million of USDC nobody is borrowing

What happened

Less than $100,000 worth of USDC was borrowed as utilization hovered near 0.1%, separating supply appetite from credit demand. Aave V4 went live on the Arc Layer-1 network on Sept. 16 and attracted USDC almost immediately. By Sept. 17, point-in-time Aavescan data showed roughly.