Uniswap Labs buys PONS as Robinhood Chain launchpad fees surge

Uniswap Labs has purchased PONS, the token of a Robinhood Chain launchpad generating $5.95 million in daily fees, as PONS climbed to a new all-time high above $0.52. Summary Uniswap Labs purchased PONS for what the launchpad called long term alignment, but neither party disclosed the size, price or structure of the transaction. 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. Robinhood Chain accounted for $901.5 million, or 56.3%, of Uniswap V4’s $1.6 billion in trading volume across supported networks. PONS rose 17.5% to $0.5013 and reached an all time high of $0.5242, while its market capitalization climbed to $357.1 million. Pons said Thursday that Uniswap Labs had “purchased $PONS for long-term alignment,” describing the transaction as a deepening of the relationship between the two projects. The parties did not disclose how many tokens changed hands, the amount Uniswap Labs paid, when the purchase occurred or the address holding the position. Pons did not specify whether Uniswap Labs acquired PONS on the open market or received an allocation, a distinction raised by several users responding...