ChainCatcher report: On Thursday, Memecoin issuance platform Pons announced that Uniswap Labs has purchased its token, PONS, describing the move as “long-term alignment” and a deepening of collaboration between the two parties. Neither side disclosed the purchase volume, transaction price, or holding address, and Pons did not clarify whether Uniswap Labs acquired the tokens via the open market or through a token allocation. Pons is the Memecoin issuance platform on Robinhood Chain with the highest issuance fees, launching on July 13 and deploying its V2 contract on August 3. The V2 version routes tokens completed through bonding curve fundraising to Uniswap V4 pools, and Robinhood Chain currently accounts for 56.3% of Uniswap V4’s total network trading volume. Previously, on August 5, Uniswap Labs launched its competing issuance platform, Pools.trade, on Robinhood Chain, which surpassed Pons on its first day. Data shows that Pons generated $5.95 million in fees over the past 24 hours, $28.83 million over seven days, and $40.84 million over 30 days, with approximately 80% of protocol fees used to repurchase PONS, resulting in a cumulative burn of 29.34% of the total supply. PONS is currently trading at $0.5013, up 17.5% in 24 hours, with a market capitalization of approximately $357 million.
Uniswap Labs Acquires PONS Tokens, Calls It Long-Term Alignment
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Summary
Uniswap Labs has acquired PONS tokens, a move Pons described as a long-term alignment. Details such as purchase size, price, and address were not disclosed. Pons, the top fee-generating memecoin platform on Robinhood Chain, launched on July 13 with a V2 contract on August 3. V2 routes funds to Uniswap V4 pools, where Robinhood Chain accounts for 56.3% of volume. Uniswap also launched Pools.trade on August 5, which outperformed Pons on its first day. Pons generated $5.95 million in fees within 24 hours, $28.83 million over seven days, and $40.84 million over 30 days. Approximately 80% of fees are allocated to buybacks, burning 29.34% of the supply. PONS is currently trading at $0.5013, up 17.5% in 24 hours, with a market cap of $357 million. This on-chain development highlights key altcoin news in the space.
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