Pons Hits New High After Uniswap Purchase

Uniswap Labs (@Uniswap) has purchased $PONS, the native token of Robinhood Chain launchpad Pons (@ponsdotfamily), sending the token to a fresh all-time high. Uniswap Labs bought PONS, the token of the memecoin launchpad that takes most of the launchpad fees paid on Robinhood Chain.

Pons announced that Uniswap Labs "has purchased $PONS for long-term alignment," describing the transaction as a deepening of its partnership with Uniswap. Neither party disclosed how many tokens changed hands, what was paid, when the buying happened, or which address holds the position.

$PONS surged 28% over 24 hours and briefly reached $0.7391 following the announcement. Pons generated $5.95 million in fees over 24 hours and has earned more in daily fees than Solana-based pump.fun every day since Aug. 29.

How Pons and Uniswap Are Connected

Pons V2 routes tokens that graduate off its bonding curve into Uniswap V4 pools, and Robinhood Chain accounts for 56.3% of Uniswap V4 volume across all networks. Pons launched on July 13 and deployed its V2 contracts on Aug. 3, linking tokens that graduate from its bonding curve directly with Uniswap V4 liquidity pools. The structural link between the two platforms makes the token purchase a natural extension of their on-chain relationship.

The PONS purchase puts Uniswap Labs on the token holder side of an application that sends graduated assets into its V4 pools, although the size and structure of the company's position remain undisclosed. Uniswap Labs also operates its own token launch platform on the same network, having launched Pools.trade on Aug. 5, two days after Pons shipped its V2 contracts.

Token Mechanics and Supply

Pons directs about 80% of protocol fees toward buying PONS, according to the protocol and DefiLlama's accounting of its revenue. Pons said that 29.34% of the total supply has been burned to date, with circulating supply standing at 712.1 million against a 1 billion maximum, according to CoinGecko data.

The deal signals a notable shift in the competitive dynamic between the two launchpads. Rather than remaining purely rivals on Robinhood Chain, Uniswap Labs now holds a financial stake in the platform it had been competing against, raising questions about how the relationship between the two products evolves from here.

Sources:
The Defiant: Uniswap Labs Bought Pons Token for Long-Term Alignment
FXStreet: Uniswap Purchases Rival PONS Token for Long-Term Alignment
Messari: Pons Launchpad Project Profile