Uniswap Labs Buys Stake in Leading Memecoin Launchpad Pons
Uniswap Labs has acquired a significant stake in Pons, a memecoin launchpad on Robinhood Chain. The purchase was announced by Pons on Thursday, with Uniswap Labs buying its token for 'long-term alignment'. This move deepens the partnership between Uniswap and Pons, which is now one of the leading launchpads in crypto.
The acquisition gives Uniswap Labs a significant interest in the application feeding Robinhood Chain, which accounts for 56.3% of Uniswap V4's trading volume across all networks. Pons routes tokens from its bonding curve into Uniswap V4 pools, making it a crucial part of the ecosystem.
The terms of the purchase were not disclosed by either party, including the price paid or the number of tokens acquired. However, Pons has stated that 29.34% of its total supply has been burned to date, with circulating supply standing at 712.1 million against a maximum of 1 billion.