Uniswap Labs Buys Pons Token for Long-Term Alignment

Uniswap Labs has acquired Pons token for 'long-term alignment', according to an announcement by Pons on Thursday. This move gives Uniswap Labs a stake in the application that feeds tokens into its own Uniswap V4 pools, which now account for 56.3% of all trading volume across various networks.

Pons launched on July 13 and has since become one of the top-earning launchpads, collecting $40.84 million in fees over the past 30 days. The token trades on Robinhood Chain at contract 0x39dbed3a2bd333467115de45665cc57f813c4571.

The terms of the acquisition were not disclosed, and it is unclear whether Uniswap Labs bought the tokens on the open market or received an allocation. Pons directs about 80% of its protocol fees toward buying $PONS, which has seen a significant increase in trading volume following Binance's addition to its Alpha 1.0 list.