Pons, a token launchpad, generated a record $5.95 million in fees on Sept. 1 on Robinhood Chain, Robinhood’s Ethereum Layer-2 network (a secondary scaling network). The protocol launched alongside the chain on July 1, 2026, and now accounts for between 50% and 80% of network activity depending on the day, producing more fee revenue than the chain itself. Its cumulative fees have surpassed $56 million in roughly two months, including about $40.84 million over the latest 30 days and $5.34 million on Aug. 30. Pons frequently handles more than 59% of new token launches and trading volume on Robinhood Chain. Every trade carries a 1% fee, divided 70/30 between creators and the protocol. Pons uses its share to fund buybacks and burns of PONS, whose supply has fallen by roughly 27% to 29% since launch. The token has recently traded near $0.50, while its market capitalization has ranged from $150 million to $300 million. Robinhood Chain was initially positioned for real-world asset tokenization, but Pons has instead driven large-scale memecoin activity. Its Pons V2 upgrade added bonding curves (automated price-setting mechanisms) that lead to locked Uniswap v4 liquidity positions, allowing trading to start immediately and permanently locking liquidity after specified thresholds are reached. That structure is designed to address liquidity withdrawals by token creators. Pons-related activity also drove Robinhood Chain’s daily gas fees to a record $3.75 million in early September. Lower-fee competitors on other networks remain a challenge, while PONS burns depend on continued trading demand: if launchpad volumes decline, the burn rate will slow.