PONS, a non-custodial token launchpad on Robinhood Chain, an Arbitrum-based layer-two network, has surpassed $4.54 billion in cumulative trading volume in under two months since launch. The platform previously exceeded $2.85 billion after about one month, while its share of daily trading volume peaked above 63%. PONS charges 0.0005 ETH to create a token and a 1% swap fee, with 80% of protocol fees directed toward PONS buybacks and burns. About 290 million PONS, roughly 29% of the initial total supply, has been destroyed. The model links token supply reduction to continued issuance and trading activity, making weaker volume and fee revenue a risk to the burn mechanism and potentially increasing downside volatility. Robinhood Chain was launched as an Arbitrum Orbit chain to connect retail brokerage access with decentralized finance, while industry observers caution that launchpad volumes can be affected by high-frequency bots and wash trading. Ave.ai supports PONS contract trading with leverage of up to 3x.