Uniswap Labs Buys PONS Tokens Amid Pons' Explosive Growth on Robinhood Chain
Uniswap Labs has made a strategic move by purchasing PONS tokens from the Pons token launchpad on Robinhood Chain. This comes as Pons records $5.95 million in fees over a 24-hour period, making it one of the highest-fee-generating protocols on the chain.
Pons operates a token launch mechanism on Robinhood Chain, with graduated tokens ultimately moving into Uniswap v4 liquidity pools. The platform allocates 80% of its protocol fees to an automated buyback program, which sends purchased PONS to a burn address.
This acquisition is notable because Uniswap Labs launched its own launchpad, Pools.trade, on Robinhood Chain on August 5. This creates an unusual relationship between the two platforms, which are competing for activity in the same emerging launchpad market while also relying on Uniswap's liquidity infrastructure.