🧐 With a graduation rate of less than 0.8%, can Pons maintain its leading position based solely on Vlad’s endorsement? Pons @ponsdotfamily @MEADGod has temporarily secured the top spot on the Robinhood Chain launchpad, but this competition is far from over. Different competitors are approaching from distinct angles: Flap aims to compete on scale and issuance volume, Uniswap CCA targets price discovery, and Circus leverages the brand power of BONK to attract attention. Of course, Pons currently leads in metrics, but its challenge is no longer just a single alternative platform—it’s the collective分流 of capital by multiple issuance mechanisms. Even more concerning is that Pons’s issuance volume has not yet translated into strong wealth effects. As of writing, Pons has issued approximately 67,000 tokens, but only 529 have met the 4.2 ETH graduation threshold—a graduation rate of less than 0.8%. Excluding the platform’s native token $PONS, only $YOLO has a market cap exceeding $5 million; only three tokens fall within the $1–3 million market cap range.