Robinhood Chain Funds Flow into 'Utility' Tokens, PONS and INDEX Market Cap Both Exceed $10 Million

BlockBeats News, July 15th, according to GMGN monitoring, Robinhood Chain's ecosystem funds today began to rotate from pure Meme projects to projects with platform revenue, buyback and burn, and RWA distribution mechanisms. Both PONS and INDEX achieved a 24-hour trading volume exceeding $14 million, with a market capitalization surpassing tens of millions, as follows:

PONS: The market capitalization is reported at $14.8 million, a 1500% increase in 24 hours, with a trading volume of approximately $14.2 million during the same period.

- PONS is the platform token of Pons, the native issuance platform on the Robinhood Chain. The platform supports the creation and issuance of fixed supply tokens, and uses the collected WETH fees to buy back PONS and directly burn the collected PONS fees. It is seen by some in the community as the pump.fun on the Robinhood Chain.

INDEX: The market capitalization is reported at $16.3 million, a 281% increase in 24 hours, with a trading volume of approximately $14.3 million during the same period. The market capitalization once reached $24.48 million, and has since retraced about 33% from its peak.

- The project mechanism is "Hold to earn on-chain stocks." According to the community, a 3% tax is charged on transactions, used to purchase tokenized stocks on the Robinhood Chain and distribute them to holders, riding the upsurge or getting stomped in the RWA narrative at the core of the Robinhood Chain.

BlockBeats Note: On-chain token trading is extremely volatile, heavily relying on market sentiment and concept hype, with no real value or use case. Investors should be aware of the risks.