Pons and Arbitrum Poised to Soar Despite Clarity Act Failure

The Clarity Act, a bill aimed at regulating the crypto market, failed to pass a procedural vote in the Senate on September 15. Despite this setback, two altcoins are poised to continue their growth trajectory. One of them is Pons (PONS), a crypto launchpad app that runs on the Robinhood Chain. Pons has been used to launch meme coins and other less-serious cryptocurrencies, some of which are paired with tokenized stocks. The average daily volume generated by these tokens is above $201.5 million, with Pons earning $186.2 million in transaction fees between August 15 and October 2. Notably, Pons has burned nearly a third of its token supply through token buybacks and burn, shrinking its supply from 1 billion tokens to 681.6 million in just a few months.

Another altcoin that could benefit from the new blockchain launched by Robinhood Markets is Arbitrum (ARB). The Robinhood Chain licenses software from Arbitrum, sending 10% of its net fees back to Arbitrum's ecosystem. In August and September, the Robinhood Chain brought in $6.7 million and $35.8 million in fees, respectively, which Arbitrum will collect a 10% cut of, totaling around $4.3 million. Additionally, 8% of the net revenue is stored in Arbitrum's decentralized autonomous organization (DAO) for governance and investment in new technology.