Pons Memecoin Launchpad Outpaces Pump.fun on Gas‑Free Robinhood Chain

During a 90‑day gas‑waiver period on Robinhood Chain, the memecoin launchpad Pons has consistently earned more in daily fees than Pump.fun, the leading token factory on Solana. The platform’s flat 1 % trading fee, split roughly 70 % to token creators and 30 % to the protocol, has created a self‑reinforcing cycle of token launches, volume, and fee revenue.

Fee revenue and volume growth

Since August 29, Pons has out‑earned Pump.fun in daily fees every day, reaching $4.89 million on August 31. Cumulative platform volume has surpassed $4 billion, with more than 10,000 token deployments per day – a rate that Pump.fun took months to achieve.

Creator incentives

Creators on Pons have earned over $25 million in fees thanks to the 70 % share of the 1 % trading fee. This incentive structure encourages rapid, repeated token launches, even though most memecoins ultimately lose value.

PONS token performance

The PONS token rose from $0.078 on August 24 to $0.43 by September 1, giving it an 18,000 % gain since July and a market cap of roughly $307 million. About 29 % of the token supply has been burned.

Uniswap’s entry

Uniswap Labs purchased PONS tokens for “long‑term alignment” and launched the pools.trade DEX on Robinhood Chain on August 5, offering lower fees than Pons. This move provides both validation of the chain’s potential and direct competition for fee revenue.

Risks and uncertainties

• The gas‑waiver ends on September 29; users will then face transaction costs that could reduce volume.
• Most launched tokens are low‑effort memecoins, raising concerns about wash trading and artificial volume.
• PONS holders do not currently receive a direct share of protocol fees.
• Robinhood Chain is a centralized L2, which may attract regulatory scrutiny.

Outlook

The next two months will test whether Pons can maintain its lead once gas fees resume and whether Uniswap’s pools.trade can capture market share on the same network.