PONS Fees Top Pump.fun as Robinhood Chain Gains Momentum

| medium.com
PONS, a memecoin launchpad on Robinhood Chain, briefly surpassed Solana-based Pump.fun in daily protocol fees, highlighting a surge in speculative activity on the new network. CoinDesk-reported data showed PONS generated about $5.95 million in 24-hour fees on 3 September, compared with roughly $4.64 million for Pump.fun. PONS recorded about $544 million in daily trading volume and nearly 25,000 token launches on 2 September. Since July, it had reportedly facilitated around 646,000 tokens through more than 167,000 creator addresses. Robinhood Chain, which uses Arbitrum technology, reportedly reached approximately $757 million in total value locked and $1.69 billion in daily DEX volume. Earlier data also showed the chain generating $4.01 million in daily revenue, compared with $81,700 for Solana, although low Layer 2 costs, self-trading and fee rebates may have inflated the figures. Uniswap activity on Robinhood Chain has also grown, and Uniswap Labs reportedly bought PONS tokens in an undisclosed transaction. PONS charges a 1% trading fee, with about 70% returned to creators and roughly 80% of the remaining revenue directed to buybacks. More than 28% of its supply, or about 300 million tokens, had reportedly been burned, while PONS briefly approached $1 and exceeded a $600 million market capitalisation. Another launchpad, LONG, has linked memecoins to tokenised stocks, while Pools.trade has introduced zero-fee trading. Pump.fun, BONK.fun, LaunchLab, Zora, Virtuals and Clanker are also competing through launchpad incentives, buybacks or burns. Pump.fun retains major advantages from Solana’s liquidity, established users and network effects. PONS’s fee lead was temporary, and revenue figures across the two ecosystems may not be directly comparable. Traders should monitor PONS volume, token launches, seven-day and 30-day fees, buybacks, burns, active addresses, liquidity and Robinhood Chain DEX activity. Sustained growth could support a longer-term infrastructure narrative, but a rapid decline would suggest a short-lived liquidity cycle. PONS and newly launched memecoins remain highly volatile and risky.
Bullish
The news is short-term bullish for PONS because the platform briefly exceeded Pump.fun in daily fees, reported strong trading volume and token-launch activity, and uses revenue for buybacks and supply burns. The reported Uniswap Labs purchase also provides a potential confidence signal. These factors can attract momentum traders and increase demand for PONS during periods of high memecoin speculation. The longer-term outlook is less certain. PONS’s fee advantage was temporary, while Pump.fun benefits from Solana’s deeper liquidity, established user base and stronger network effects. Reported revenue may also be distorted by low Layer 2 costs, self-trading or rebates. If launches, active addresses and DEX volume decline, buyback support could weaken and PONS could face sharp selling pressure. Therefore, the immediate price bias is bullish, but sustainability and volatility risks remain high.