Uniswap Labs Buys Stake in Pons Token for 'Long-Term Alignment'

Pons Token, a memecoin launchpad on Robinhood Chain, announced that Uniswap Labs purchased its token for 'long-term alignment' four weeks after Uniswap launched Pools.trade, a rival launchpad on the same chain.

The purchase gives Uniswap Labs a stake in Pons V2, which routes tokens from Pons' bonding curve into Uniswap V4 pools. Robinhood Chain accounts for 56.3% of Uniswap V4 volume across all networks.

Pons launched on July 13 and shipped its V2 contracts on August 3. Since then, it has out-earned Solana's pump.fun on daily fees every day since August 29.