Uniswap Labs Buys Pons Token in Long-Term Alignment Move

Pons, a memecoin issuance platform on Robinhood Chain, has announced that Uniswap Labs has purchased its token PONS. According to Pons, this move is a 'long-term alignment' and a deepening of their collaboration.

The purchase details, including the scale and price, remain undisclosed by both parties. Pons also declined to specify whether Uniswap Labs acquired the tokens through public market purchases or received them as part of an allocation.

Pons is currently the largest memecoin issuance platform on Robinhood Chain, having launched on July 13 and deploying its V2 contract on August 3. The latter upgrade allows for routing of completed joint curve-collected tokens to Uniswap V4 pools, with Robinhood Chain accounting for 56.3% of total Uniswap V4 trading volume.

Uniswap Labs had previously launched a competitor issuance platform, Pools.trade, on Robinhood Chain on August 5, which surpassed Pons in its first day of operation.