Pons Drives Robinhood Chain Fees Into the Millions
Pons dominates memecoin trading on Robinhood Chain and even beats Robinhood Chain’s own fees over 24 hours. The app runs on token creation, trading, and PONS buybacks.
Key Takeaways
- Pons generated nearly $5.95 million in fees in 24 hours, putting it fourth among protocols tracked by DefiLlama.
- On September 2, nearly 25,000 new tokens were launched through Pons, with 24-hour trading volume of $544 million.
- Robinhood Chain is mainly attracting memecoin activity, while Robinhood itself says chain activity does not map one-to-one to company revenue.
Pons, the app that lets users create and trade tokens on Robinhood Chain, generated nearly $6 million (€5.2 million) in fees over 24 hours. That put the memecoin app ahead of platforms like Pump and Hyperliquid, and even ahead of Robinhood Chain’s own fees. The numbers show that an unexpected corner of the new blockchain has quickly taken over a big share of the activity.
Fees Surge Higher
According to DefiLlama, Pons brought in about $5.95 million (€5.1 million) in fees over the past 24 hours. That was enough for fourth place among the protocols tracked by the data service, behind only Tether, Uniswap, and Circle. Pump came in at $4.64 million (€4 million), while Robinhood Chain itself logged about $4 million (€3.4 million) in fees and Hyperliquid stayed around $2 million (€1.7 million).
The jump came alongside a clear rise in memecoin activity on the network. On September 2, nearly 25,000 new tokens were launched through Pons, almost 19% more than the day before. 24-hour trading volume reached $544 million (€468 million). Since launching in July, about 646,000 tokens have been created on the platform by more than 167,000 unique creator addresses.
Why Pons Is Growing So Fast
Pons works like a kind of token factory. Users pick a name and symbol, pay about $1 (€0.86) to create a token, and can then trade it almost immediately on Robinhood Chain. The app then earns a cut from every trade, with part going to the protocol and part going to the token creators.
The project’s technical docs also say that a large share of the revenue is used to buy back and burn PONS tokens. Onchain data show that about 293 million PONS, or 29% of the original supply, has already been removed from circulation. That helps explain why the token rose about 300% in a week.
Memecoin trading on Robinhood Chain is also spread across multiple launchpads. By late July, it was already clear that memecoins were making up a large share of DEX volume on the network, and Pons is now one of the main players in that battle. Alongside Pons, Pools.trade and hood.fun are also active in the same market.
What This Says About Robinhood
Robinhood launched its chain in July with tokenized stocks as the flagship product, but the reality now looks different. The first major wave of usage is coming mostly from memecoins and user-created tokens. For European crypto followers, that matters because it shows how quickly a new chain can develop its own usage pattern, separate from its original product plans.
That pattern fits the broader trend on the network, where tokenized stocks are growing, but are still being overshadowed by memecoins and stablecoins. Robinhood itself does stress that chain activity does not map one-to-one to company revenue. CFO Shiv Verma said earlier that the company earns only a few basis points per transaction and shares about half of that with Arbitrum. Robinhood shares closed 3.4% higher on Wednesday at $106.99 (€92) and moved higher again on Thursday, while bitcoin moved toward $80,000 (€68,900).
