TLDR
- Uniswap Labs bought PONS, the token of a Robinhood Chain launchpad, calling it a move for long term alignment.
- Neither side revealed the price, size, or structure of the deal.
- PONS jumped 17.5% and hit an all-time high above $0.52 after the news.
- Pons has out-earned Solana’s pump.fun in daily fees every day since August 29.
- Robinhood Chain made up more than half of all Uniswap V4 trading volume across every network it supports.
Uniswap Labs has bought PONS, the token tied to a crypto launchpad running on Robinhood Chain. Pons said the purchase was made for long term alignment between the two projects.
Neither company shared how many tokens changed hands. The price paid and the exact date of the deal were also not made public.
It is not clear if Uniswap Labs bought the tokens on the open market or received them through an allocation. Some users raised this question after the announcement went out.
PONS jumped 17.5% following the news and traded at $0.5013. The token touched an all-time high of $0.5242 earlier the same day.
The token’s market value reached $357.1 million. That places PONS around 118th among all cryptocurrencies by size.
How Pons Works With Uniswap
Pons launched on July 13. It rolled out new contracts on August 3 that link its tokens directly with Uniswap liquidity pools.
Under this setup, new tokens start trading on Pons through a bonding curve. Once a token graduates, its liquidity moves over to Uniswap.
Some trading pairs on Pons include tokenized versions of shares linked to companies like Nvidia and Apple. These are crypto tokens built to track stock prices, not the actual shares.
Uniswap has become a main venue for this kind of trading on Robinhood Chain. The chain made up $901.5 million, or 56.3%, of Uniswap’s $1.6 billion in trading volume across every network it supports.
Pons Fees Outpace Rivals
Pons brought in $5.95 million in fees over one day. It has earned more daily fees than the Solana launchpad pump.fun every day since August 29.
Over the past week, Pons collected $28.83 million in fees. Over the past month, that figure reached $40.84 million, according to DefiLlama.
Pons uses about 80% of its fees to buy back its own token. The project said Thursday that it has burned 29.34% of its total token supply.
Circulating supply now sits at 712.1 million PONS. The maximum supply is capped at 1 billion tokens.
Uniswap also runs its own launch platform on Robinhood Chain called Pools.trade. That platform started on August 5, just two days after Pons released its new contracts.
Pools.trade charges no fee to launch a token but does charge 0.25% on trades. It saw more launches than Pons on its first day, but Pons has since pulled far ahead in fees.
By August 31, Pools.trade was earning $38,553 a day. Pons was earning $4.89 million a day at the same time.
Robinhood Chain launched its mainnet on July 1. It runs on Ethereum layer two technology built with Arbitrum.
The network settled $1.35 billion in trading volume over the most recent 24 hour period. Total value locked on the chain stood at $818.6 million.
Uniswap’s own token also rose this week, trading at $6.28. That marked a 7.9% gain over one day and a 36.1% gain over seven days.
Pons added new stock-linked token pairs on Thursday. These included tokens tied to UPS, Snap, Lululemon, Pfizer, and Johnson & Johnson.
