Pons and Arbitrum Emerge as Winners Despite Clarity Act Setback

The Clarity Act, a bill aimed at regulating the crypto market, has failed to pass in the Senate. The bill's setback may not impact the growth of two altcoins, however, thanks to the new blockchain launched by Robinhood Markets. Pons, a crypto launchpad app running on the Robinhood Chain, has seen significant growth since its launch in mid-July. The app has generated over $186.2 million in transaction fees, with $20.1 million spent on buying back and burning its own token, shrinking its supply from 1 billion to 681.6 million. Pons' rapidly constricting supply and high fee revenue make it a strong contender for future growth. Arbitrum, another altcoin, will receive 10% of the net fees from the Robinhood Chain, which brought in $6.7 million in August and $35.8 million in September. This income will significantly boost Arbitrum's top line, even if the Robinhood Chain's fee intake tapers off.