Pons is making more money than Pump.fun, and this is just the beginning

Pons on Robinhood Chain are quietly surpassing Solana's largest token factory.

Pons on Robinhood Chain serves as a Meme coin launch platform, and its revenue performance has quietly surpassed that of the most influential token factory on the Solana network. These fees are real, transaction volume is accelerating, and the gap is widening every day.

Core Summary

Since August 29, Pons has continued to surpass Pump.fun in terms of daily fee revenue, reaching US$4.89 million in one day on August 31 alone, and the chain in which the platform is located has zero Gas fees (online transaction fees) for users.

The platform has processed a cumulative transaction volume of US$4 billion and deployed more than 10,000 tokens per day, months faster than Pump.fun reaching the same size.

Pons creators have accumulated more than US$25 million in fees through a 1% transaction fee sharing mechanism, of which approximately 70% has been returned to token deployers.

The PONS token price soared from US$0.078 on August 24 to US$0.43 on September 1, an increase of 18,000% since July, pushing its market value above US$307 million.

Uniswap Labs purchased the PONS token to "achieve long-term alignment of interests" and launched pools.trade on Robinhood Chain on August 5 to compete directly on the same network.

A Meme coin launch platform that is rarely discussed in off-chain circles generates revenue that exceeds the agreement that defines the category. As the leading token factory on Robinhood Chain, Pons has beaten Pump.fun every day in terms of daily fee income since August 29. On August 31, Pons recorded $4.89 million. Pump.fun, which runs on the Solana network, where Gas fees are almost zero, is dwarfed.

This is not an accidental day or selected data. Pens is processing US$4 billion in cumulative platform transaction volume. It activates more than 10,000 tokens every day. Its economic structure is designed so that token deployers can retain most of the proceeds, which is why they keep returning.

The question is no longer whether Pons can compete with Pump.fun, because it is already competing. The real question is what happens when Robinhood Chain's 90-day Gas exemption period expires on September 29 and users must start paying transaction fees again.

The charging machine behind Pons

Pons charges a flat fee of 1% for each transaction that occurs in tokens issued through its platform. The fee is roughly distributed on a 70/30 basis: the creator gets a larger share, and the agreement retains the rest. In a market where most launch platforms extract value without giving it back, Pons is doing the opposite. The creator has accumulated more than $25 million in fees.

This split ratio is crucial because it creates a flywheel effect. Creators issue tokens, conduct promotions, drive transaction volume, and earn fees from transactions generated by their promotional activities. The motivation for releasing another token the next day was obvious. The motivation for releasing five is equally obvious.

Ten thousand token deployments per day are an astonishing number. Most of these coins will eventually go to zero. This is the essence of Meme coins, and all participants know this. But the transaction volume generated by these tokens during their existence feeds the charging machines, which in turn nourishes the creators, who in turn brings transaction volume. As long as attention is focused on the chain, it is a self-sustaining cycle.

Pump.fun was the first to establish this model. Pons copied the playbook and deployed it on a chain with zero Gas cost, which proved to be the only variable that mattered.

Why Zero Gas Fees Change Everything

Robinhood Chain, an Arbitrum Orbit L2, launched a 90-day Gas exemption period on July 1. Until about September 29, every transaction on the Internet was free. This single decision rewrites the economic model of Meme coin transactions.

On Solana, Gas fees are close to zero but not really zero. The accumulation of a few cents per transaction is a considerable expense for an aggressive trader who performs hundreds of exchanges between dozens of tokens in a day. On Robinhood Chain for the Gas exemption period, the cost is effectively zero. The only fee traders pay is a 1% Pons transaction fee, of which 70% goes to the person who created the token they are trading.

This is why Pons trading volume has exploded. The friction that existed on all other chains, even on low-cost chains like Solana, disappeared completely. Users can issue tokens, enter transactions, exit transactions, and repeat the cycle without considering network costs. The behavioral difference between "almost free" and "really free" is huge.

Robinhood Chain generated daily revenue of US$4.01 million on September 2. By comparison, Solana earned just $78,000 on the same day. The L2, ignored by most encrypted tweets, earns 50 times the daily revenue of the chain that dominates the conversation.

PONS token rebound and its signals

PONS traded at US$0.078 on August 24. By September 1, it reached $0.43. This is not a clerical error. The token has risen 18,000% since July, accelerating as fee revenue data began circulating on social media.

The market value is approximately US$307 million, and the number of tokens in circulation is approximately 710 million. 29% of supply has been destroyed, tightening floating supplies and amplifying price fluctuations in both directions. Daily trading volumes often exceed $100 million, which means the token is liquid enough for institutional positions, but also volatile enough to lose half its value in a bad week.

What makes PONS rebound different from typical Meme coin hype is that it is backed by real revenue. The agreement generates millions of dollars in fees every day. That doesn't mean the token is reasonable at a valuation of $307 million, nor does it mean it won't plummet 80% tomorrow. This means that speculation has a foundation, which is rare in most tokens with current market capitalisation.

The destruction mechanism also creates an interesting dynamic. As more tokens are destroyed and the supply decreases, if the team implements a fee-sharing mechanism in the future, the remaining tokens will represent a larger share of the agreement fee. This is a big "assumption", but the market is pricing this possibility.

Uniswap Admission

Uniswap Labs did two things that signaled that institutional funds saw where the opportunities were. First, the team purchased the PONS token and publicly stated that the purchase was for "long-term consistent interests." Secondly, Uniswap Labs launched pools.trade on Robinhood Chain on August 5, with lower rates than Pons.

The launch of pools.trade is in direct competition. Uniswap did not work with or build on top of Pons. The team is building a competitor product on the same chain with a fee structure designed to drive down incumbent (existing major players). This was a vote of confidence in Robinhood Chain and a declaration of war on Pons.

The purchase of PONS tokens complicates this narrative. If Uniswap Labs is building a competitor, why buy a competitor's token? The most likely answer is hedging. If Pons wins, the token increases in value and Uniswap profits from its position. If pools.trade wins, Uniswap captures fee revenue directly. In either case, Uniswap is exposed to the growth of Memecoin transactions on Robinhood Chain.

For Pons, the admission of Uniswap is both a verification and a threat. Verification is because one of the most respected teams in DeFi is building on the same chain. The threat is due to Uniswap's brand awareness, engineering talent and existing mobile network effects that Pons cannot match. The next 60 days will determine whether Pons defends its market share or whether Uniswap's brand pulls away trading volume.

The opposing view of Pons

It is self-evident to see more logic. Bearishness logic should also receive equal attention.

The entire Pons economy is running on a Gas subsidy that expires on September 29. When users start paying transaction fees, the advantage of "truly free" will disappear. Trading volumes could drop sharply. If Gas exemptions were the main driver of adoption rather than the product itself, revenue numbers would collapse once subsidies ended.

Ten thousand token deployments per day may sound impressive, but the impression is greatly discounted when you consider the actual nature of these tokens. The vast majority are low-cost Meme coins created to collect fees from the first batch of buyers. Security risks in DeFi are well documented and the Memecoin launch platform concentrates these risks. Pool withdrawal, coordinated selling and knock-on trading are characteristics of this market, not loopholes.

A 70/30 creator fee sharing incentive to pursue transaction volume at any cost. Creators who earn fees from trading activities have good reasons to artificially create such activities. Without serious knock-on trading tests, the $4 billion cumulative trading volume figure could contain a large amount of revolving capital that exaggerates actual economic activity.

The PONS token itself has no formal claim to agreement revenue. Holding it does not allow you to share the cost. The 18,000% increase was driven by speculation about utilities that may never materialize in the future. If the team announces a fee-sharing mechanism, the tokens could soar further. If they don't announce, the holder sits on a high-priced bet with no return.

Robinhood Chain is also a single L2 controlled by a centralized sorter. The regulatory environment for crypto assets is evolving, and the centralized chain running Meme coin factories is the kind of thing that attracts the attention of law enforcement agencies. The September 15 Clarity Act vote could reshape the legal basis for tokens issued on platforms like Pons.

Pump.fun is not stagnant

Pump.fun still handles huge trading volume on Solana. The agreement has brand awareness, a larger user base and a solid record across multiple market cycles. It's too early to throw Pons away just because they had a strong week.

Solana's ecosystem is deeper. The chain has more wallets, more decentralized exchanges (DEX), more infrastructure and more developer tools than Robinhood Chain. Tokens issued on Pump.fun can be immediately traded at Raydium, Jupiter and dozens of other venues. Tokens issued on Pons are only traded on Pons and pools.trade. Liquidity coverage is not the same.

Pump.fun also charges real fees on a chain where users already consider Gas costs part of the transaction. When Robinhood Chain's Gas exemption period ends, Pump.fun's cost structure will look more competitive than it is today. Once both platforms operate on the Gas chain that is cheap but not free, the gap in Pons 'utilization will be significantly narrowed.

The counterargument is that user habits formed during the free Gas period may be preserved. Traders who have built workflows around Robinhood Chain over the past 90 days may not leave even if Gas fees return. But behavioral economics shows that the shift from free to paid will always lead to losses. The question is how much is lost.

Points to pay attention to

Comparison of daily expenses after September 29.

The expiration of the Gas exemption period is the most critical variable. If Pons maintains its fee lead over Pump.fun after users start paying Gas fees, the bullish argument will be greatly strengthened.

Analysis of knock-on transactions.

Independent researchers needed to quantify how much of the US$4 billion in cumulative trading volume was organically generated and how much was cyclical. If organic trading volumes account for 50% of the reported figure, the economic model still holds. If it goes lower, the story changes.

Market share of Uniswap Labs pools.trade.

Track whether pools.trade is stealing volume from Pons or making the total pie bigger. If Pons trading volume is flat and pools.trade grows, then the chain wins but the agreement loses.

PONS token utility announcement.

Any change in fee sharing, pledge or governance mechanisms will revolutionize the valuation framework. Without these, the market value of $307 million would be purely speculative.

Regulatory signals from the September 15 Clarity Act vote.

Restrictive results may affect each Memecoin launch platform, but centralized L2 platforms with identifiable operators face the most immediate risks.

FAQs

What are Pons?

Pons is a Meme coin launch platform on Robinhood Chain. You deploy a token, others trade it, and you earn a portion of each transaction from it. Imagine Pump.fun, but running on a chain that is currently Gas Free.

How does Pons make money?

It charges a 1% fee per transaction. Approximately 30% belongs to the agreement and 70% belongs to the person who created the token. This creator share explains why so many people continue to issue tokens on it.

Why does Pons 'revenue exceed Pump.fun?

Zero Gas fees on Robinhood Chain. When every transaction is free except the transaction fee, people trade more. Much more. Pump.fun collects fees on Solana, where Gas, while cheap, is still real money for people who make hundreds of transactions a day.

What happens after the Gas exemption period ends?

No one knows for sure. Robinhood Chain's 90-day Gas exemption period ends approximately September 29. If transaction volumes remain stable after users start paying Gas fees, Pons proves that the product can operate without subsidies. If trading volumes fall off a cliff, then the whole argument is really just about free Gas, not about the platform itself.

Are PONS tokens a good investment?

It has risen 18,000% since July, with a market value of US$307 million. The agreement generates real revenue, which is better than most tokens. But the token has no formal claim on that revenue, and the 18,000% increase means many holders are sitting on profits they could cash in at any time. Please study by yourself.

How do Pons compare to pools.trade?

pools.trade, a competing product from Uniswap Labs on the same chain, launched August 5 with lower rates. It's newer, smaller, but backed by one of DeFi's strongest brands. They are competing for the same users on the same network.

Is it safe to trade Memecoin on Pons?

Most tokens released on any Meme launch platform will eventually go to zero. Pool withdrawal and coordinated selling occur consistently. A 70/30 fee split means creators receive financial rewards for generating transaction volume, which may encourage manipulation. Think of each transaction as money where you can fully absorb your losses.

Will Pons continue to surpass Pump.fun?

This depends on what happens after the Gas exemption period ends, whether Uniswap Labs will gain market share, and whether regulators start focusing on the Memecoin launch platform on the centralized L2 chain. Current figures are true. Whether they will last is a completely open question. This article is for educational analysis only and does not constitute investment advice.