Arcium, the confidential computing network built on Solana, launched its $ARX governance and utility token on June 22, marking one of the more notable token generation events of the summer. The token hit the market with a circulating market cap in the range of $82M to $91M and a fully diluted valuation stretching between $395M and $438M.
Early trading saw $ARX prices fluctuate between $0.40 and $0.43, with strong volume in the first 24 hours. Roughly 208.8 million ARX tokens were unlocked at launch, representing about 20.88% of the total 1 billion supply.
What Arcium actually does
Arcium functions as a privacy layer for blockchain computation, letting decentralized applications run sensitive calculations without exposing the underlying data. DeFi protocols, healthcare applications, and any on-chain service dealing with sensitive information need some version of this technology.
The network hit its Mainnet Alpha milestone on Solana back in February 2026, and by early June had processed over 1 million computations.
