Pons Reaches New ATHs on Robinhood Chain

Pons, the increasingly popular memecoin launchpad on Robinhood Chain, has been taken down new unprecedented personal highs in 1D transaction volume and tokens created yesterday, September 2.

What’s the scoop?

• The rise in power: As Robinhood Chain has become the best 24 hour income generator among all L1s and L2s, much of its underlying activity stems from its burgeoning meme scene, which Pons has dominated in recent weeks.
• New milestones: On Wednesday, Pons set new personal bests on several notable metrics, namely daily trading volume (with a new ATH of +$544 million) and daily tokens created (with 24,971 launches during the day, also an ATH for now).
• Buy pressure: Pons’ positioning and prowess have translated into a great burst of optimism around the platform’s native environment. PONS token, which gained around 51% this morning and set its own new ATH at over $0.59 per token. The token’s market cap now exceeds $415 million, and buys and burns have removed 29% of its supply (-293 million) and counting.
• Competitive context: Robinhood Chain now has around 30 distinct launch platforms on its network, including Uniswap’s recently deployed pools.trade platform. That Pons was able to maintain his momentum among this burgeoning group of challengers is certainly nothing to sneeze at.