Uniswap Labs buys PONS as Robinhood Chain leads Uniswap V4 volume

  • Uniswap Labs purchased PONS, the native token of Robinhood Chain memecoin launchpad Pons, for long-term alignment and to strengthen cooperation with Uniswap.
  • Robinhood Chain accounted for 56.3% of Uniswap V4's $1.6 billion in 24-hour volume, or $901.5 million, while Pons generated $5.95 million in 24-hour fees.
  • PONS later rose nearly 50%, with Arkham monitoring cited by PANews showing trader Loracle held an $11.3 million short position with a $2 million unrealized loss.

Uniswap Labs, developer of decentralized exchange Uniswap, purchased PONS, the native token of Pons, a non-custodial memecoin launchpad on Arbitrum-based layer-two Robinhood Chain, for long-term alignment. The purchase size was not disclosed. An earlier announcement identified the asset only by Ethereum address 0x07f5b6823751c2e2cd4560f28af75ff887102241, while a newer announcement named it PONS; the sources did not establish whether the addresses represent an earlier representation, a holding address or separate assets. Pons feeds tokens graduating from bonding curves into Uniswap V4 pools while competing with Uniswap's Pools.trade launchpad. Robinhood Chain represented 56.3% of Uniswap V4's $1.6 billion in 24-hour volume, or $901.5 million. On Sept. 4, PONS rose nearly 50% while trader Loracle's $11.3 million short showed a $2 million unrealized loss, according to Arkham monitoring cited by PANews.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.