Highlights
- PONS, the token of Robinhood Chain's Pons launchpad, is up roughly 1,609% over the past 30 days.
- Pons has processed over $4.54 billion in cumulative trading volume in under two months since launch.
- Robinhood Chain's 90-day gas subsidy, which enabled cheap high-frequency launches, expires around the end of September.
- Pons generated more user-paid fees than any other onchain launchpad in a 24-hour stretch ending September 1.
PONS, the native token of Robinhood Chain's Pons launchpad, has extended a rally that began after Robinhood added the token to its U.S. crypto roster. Crypto Banter reported the token was still climbing on peak trading days, part of a broader run that has taken PONS up roughly 262% over the past week and about 1,609% over the past 30 days, according to market data, giving it a circulating market cap near $336 million.
A Fast Climb Built on Real Volume
The rally has been backed by genuine platform activity rather than price action alone. Pons has processed more than $4.54 billion in cumulative trading volume in under two months since launching on Robinhood Chain, an Arbitrum-based layer-2 network. CryptoTimes reported that Pons generated the highest user-paid fees of any onchain launchpad in the 24 hours ending September 1, on more than $500 million of trading volume that day alone, with roughly 70% of its 1% trading fee routed to token creators and the remaining 30% funding automated $PONS buybacks and burns. The token's price climbed steadily through late August, from about $0.078 on August 24 to $0.117 after a KuCoin listing on August 27, then to $0.40 by August 31 and roughly $0.43-$0.47 in the days since.
Robinhood Chain's Broader Momentum
Pons's rise has coincided with rapid growth for Robinhood Chain itself, which generated roughly $2.66 million in application revenue in a recent 24-hour window — more than Ethereum and trailing only Solana on that metric. Pons became the dominant launchpad on the network after rival Noxa halted new launches in mid-July, absorbing much of that displaced volume, with the platform now supporting more than 167,000 launched tokens and an estimated 10,000-plus daily deployments.
Related: Robinhood Chain's Daily Fees Hit $3.75M, Topping Solana, ETH and Base Combined
The Risk: A Gas Subsidy Expiring This Month
The activity has been partly fueled by a 90-day gas fee waiver that Robinhood Chain launched on July 1, 2026, making cheap, high-frequency token launches possible. That subsidy is set to expire around the end of September, which would raise the cost of deploying and trading tokens on the network and could slow the pace of new launches that has driven Pons's fee lead. How the launchpad's volume holds up once launches carry real gas costs is likely to be the key test of whether current activity reflects durable demand or subsidized activity.
What to Watch Next
The gas subsidy's expiration around month-end is the clearest near-term catalyst to watch, along with whether Pons can sustain its fee and volume lead over rival launchpads once that subsidy lapses. Traders should also watch PONS's price behavior around its recent all-time high near $0.50, reached on September 2, for signs of whether the rally is stabilizing or beginning to cool.
FAQ
What is PONS?
PONS is the native token of Pons, the top token launchpad by fees on Robinhood Chain, an Arbitrum-based layer-2 network, with 30% of trading fees funding automated token buybacks and burns.
How much has PONS risen?
PONS is up roughly 262% over the past 7 days and about 1,609% over the past 30 days, with a circulating market cap near $336 million as of early September 2026.
Why is Robinhood Chain's gas subsidy important?
A 90-day gas fee waiver launched July 1, 2026 enabled cheap, high-frequency token launches on Pons; its expiration around late September will raise deployment costs and test whether current launch volume is durable.
How does Pons compare to other launchpads?
Pons generated the highest user-paid fees of any onchain launchpad in the 24 hours ending September 1, 2026, on over $500 million in trading volume that day, after absorbing volume from rival Noxa, which halted launches in mid-July.
