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FollowingPons set a record on Robinhood Chain: 24-hour fee reached US$5.95 million.
According to DefiLlama data, on September 3, Pons, as Robinhood Chain's leading token issuance platform, had 24-hour fee revenue reached US$5.95 million. The figure marks a record high for the agreement, ranking fourth among all tracking agreements around the world, and surpassing Pumpfun's $4.64 million and Robinhood Chain's own $4.45 million over the same period.
A distribution platform built on early momentum
Pons is not Robinhood's official product. It is a stand-alone, unmanaged protocol that was deployed on Robinhood Chain shortly after it was launched on the network. Robinhood Chain is a second-layer network built based on Arbitrum Orbit and officially entered the public main network stage on July 1, 2026.
The chain's early economic model played a key role: Robinhood waived gas fees for 90 days starting July 1, significantly reducing the cost of high-frequency token deployment. Meanwhile, rival Noxa stopped new offering activity in mid-July, allowing Pons to absorb most of the remaining market activity.
As of now, Pons 'cumulative handling fees have reached US$56.77 million, and cumulative agreement revenue has been US$12.25 million. To be clear, fees are not equal to agreement revenue or token holders 'gains: DefiLlama separately reported that, excluding headline fee data, daily agreement revenue was US$1.11 million.
Currently, Pons accounts for approximately 50% to 80% of Robinhood Chain's trading activity, becoming the backbone of the network's speculative economy. Robinhood's chain, which aims to trade tokenized stocks, has evolved into the main venue for memecoin issuance.
Fee model, destruction mechanism and $PONS token
The platform allocates 70% of the fee to the token creator and retains 30% to the agreement. This structure effectively retains developers and prevents them from migrating to competing platforms. At the agreement level, part of the revenue is used to repurchase and destroy the $PONS token.
As of the end of August 2026, approximately 28.5% of the initial supply of billion $PONS pieces has been permanently destroyed. It is worth noting that the repurchase mechanism mainly runs in the Pons v1 version, but the v2 version that currently carries most traffic does not direct fees to repurchase in the same way.
On September 2, 2026, Pons and FLORK were added to the Binance Alpha platform. Currently, Pons is only accessible through Binance Alpha 1.0, and Binance has not announced a spot market listing of these two tokens on its major centralized exchanges. Data shows that at the time point captured, the coin price increased by more than 270% in seven days and by more than 1,800% in the past 30 days.
Potential structural risks
There is still one structural risk that deserves attention: Robinhood's 90-day gas fee exemption is expected to expire at the end of September 2026. In addition, most of the current trading volume is related to speculative memein activity rather than the tokenized real-world assets (RWAs) that the chain was originally designed to support.
