Uniswap Labs Buys PONS Amid Robinhood Chain Fees Surge

Uniswap Labs has purchased PONS, the token of Robinhood Chain launchpad that generated $5.95 million in daily fees and reached an all-time high above $0.52.

The purchase was made for long-term alignment, according to Pons, which is a deepening of the relationship between the two projects.

Uniswap Labs' acquisition of PONS comes as its deployment on Robinhood Chain holds $207 million in total value locked and generates $7.72 million in fees over the past day.

Pons has been competing with Uniswap's own Robinhood Chain launchpad, Pools.trade, which charges no fee to launch a token but carries a standard 0.25% liquidity provider fee.