Memes $PONS, the meme coin factory token for Robinhood Chain, up roughly 18,000% since July

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Robinhood's new layer-2, Robinhood Chain, launched July 1 mostly to host tokenized stocks and DeFi. Instead it's become a meme coin farm, and the token driving that scene is having a run worth writing down.

$PONS is the native token of Pons, a launchpad that works like Pump.fun but for Robinhood Chain: pick a name, ticker and picture, and it deploys a token with a fixed 1 billion supply into a trading pool instantly, no team allocation, no code. Pons never custodies user funds, everything routes through the creator's wallet.

The token started trading mid-July, bottomed near $0.0033 on July 17, and has since climbed to around $0.60, an early rally to $0.066 in late July, a crash to $0.016 in August when Uniswap launched a zero-fee rival launchpad called Pools.trade, then a second climb back through the back half of August to fresh highs near $0.49 heading into September. A $1,000 bet at the July low would be sitting around $181,000 now.

Part of the comeback is mechanical: about 80% of Pons's platform revenue goes to buying back and burning PONS, and roughly 29% of the original supply, close to 288 million tokens, is already gone.

In late August $PONS flipped $CASHCAT, the chain's original flagship meme coin, to become Robinhood Chain's largest token by market cap. On September 3 the Pons platform generated $5.95 million in daily fees, ranking fourth among all protocols tracked by DefiLlama that day, ahead of Robinhood Chain's own base layer revenue. Binance Wallet added PONS to its Alpha tier on September 2, and it's now also listed on MEXC, Gate.io, KuCoin, with futures on Hyperliquid and Bybit.

Robinhood cofounder Vlad Tenev has publicly acknowledged the meme coin activity on the chain, noting holders sometimes get stock token airdrops alongside it.

Anyone tracking how much of Robinhood Chain's total volume is meme launches versus the stock-tokenization use case it was built for?

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Uniswap Labs takes a $PONS position as Robinhood Chain launchpad fees keep climbing

Follow up on our earlier thread on https://kingz.net/threads/pons-the-...ood-chain-up-roughly-18-000-since-july.21338/ where $PONS was already up around 18,000% since its July launch.

The new development is that Uniswap Labs has bought $PONS directly. Pons announced Thursday that Uniswap Labs "purchased $PONS for long-term alignment," framing it as a deepening of the relationship between the two projects. Neither side has said how many tokens changed hands, what price was paid, when the purchase happened, or whether it came from the open market or some kind of allocation. Uniswap Labs itself hasn't put out a statement confirming details.

The token reacted immediately, up 17.5% to $0.5013 with an intraday all-time high of $0.5242, pushing market cap to about $357 million. Turnover was $135 million over 24 hours.

What makes this notable is that Uniswap Labs runs a competing launchpad on the same chain, Pools.trade, launched August 5. Pons has left it far behind: by August 31 Pons was doing $4.89 million in daily fees against $38,553 for Pools.trade. Pons has now out-earned Solana's pump.fun in daily fees every day since August 29, pulling in $5.95 million over the latest 24 hours and roughly $40.8 million over 30 days.

Robinhood Chain overall carried $901.5 million of Uniswap V4's $1.6 billion in 24-hour volume, more than every other supported chain combined.

Does a platform buying the token of a rival it's losing to count as alignment, or as an acquihire of market share?

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Uniswap Labs takes a $PONS position as Robinhood Chain launchpad fees keep climbing

Update on the $PONS story we covered here.

Uniswap Labs has bought $PONS directly. Pons announced it Thursday, calling the purchase a move for "long-term alignment" and framing it as a deepening of the relationship between the two projects. Neither side has said how many tokens were bought, what price was paid, when the trade happened, or whether Uniswap Labs bought on the open market or received an allocation. That last point is exactly what a lot of people responding to the announcement wanted to know, and it's still unanswered. Uniswap Labs itself hasn't put out its own statement on the deal.

The token reacted. $PONS hit a fresh all time high above $0.52 Thursday, trading at $0.5013 at last check, up 17.5% on the day, with a market cap around $357 million. That's on top of Binance adding $PONS to Alpha 1.0 a day earlier alongside $FLORK.

The fee numbers behind this are the real story. Pons pulled in $5.95 million in fees over 24 hours, $28.83 million over 7 days, and has out-earned Solana's pump.fun in daily fees every day since August 29. Robinhood Chain now accounts for 56.3% of all Uniswap V4 volume across every supported chain, ahead of Ethereum itself.

Worth noting: Uniswap Labs also runs its own competing launchpad on Robinhood Chain, Pools.trade, which is generating a fraction of what Pons does. Now Uniswap Labs holds a position in the rival it's competing against.

Anyone have a read on whether this was open-market or a negotiated allocation?

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