Overview
Archly Finance launched as a cross-chain decentralized exchange inspired by Solidly and adapted to multiple EVM chains like Telos, Arbitrum, Base and more. It aims to incentivize liquidity across ecosystems using its ARC and veArc token model.
What it tried to build
It promised a permissionless DEX with low-slippage trades, veArc voting, reward distribution and cross-chain flexibility. Its AMM design uses customizable fee pools and TWAP integrations built on the Solidly framework.
Real usage today
Activity has dropped. Recent DEX volume is around 9 USD in the last 24 hours, with 77 USD weekly and only about 2,000 USD over the past month. TVL sits just under 13,000 USD, mostly on Telos EVM, Arbitrum Nova and Base. Token liquidity is minimal, and ARC price shows almost no market movement.
Ecosystem and token design
The ARC token powers veArc staking and gauge voting to direct liquidity emissions. DeFi mechanics allow cross-chain usage and fee distribution based on voting weight. In theory, these align incentives and encourage growth – but current usage remains negligible.
User experience and tooling
A live frontend still allows wallet connection and token swaps. However, charts and dashboards show almost no data, while pools stay inactive. The interface feels complete but underused, with little activity behind it.
Strengths on paper
- Built for cross-chain flexibility across many EVM networks.
- Advanced AMM design with veArc governance, custom fee settings and gauge voting.
- Protocol income meant to reward locked token holders with fee shares.
Real limitations now
- Almost no trading – daily volume is close to zero.
- Low liquidity – TVL under 13k USD makes trading risky.
- Token use dormant – ARC token activity is almost non-existent.
- Quiet ecosystem – few updates and minimal community engagement.
Who it might serve if revived
If activity returns, Archly could appeal to developers and early DeFi users exploring cross-chain governance and liquidity models. Yield seekers and token experimenters might also find it interesting. For now, though, it offers little for active traders.
Final impression
Archly Finance has an ambitious concept – cross-chain AMM liquidity, customizable fee pools and veArc governance built on Solidly ideas. Yet today it feels like a dormant experiment. With low volume, weak TVL and inactive token mechanics, it serves better as a case study than a working DeFi platform.