Pons Becomes Top Protocol Fee Token Launchpad, Hits $6.09 Million in 24 Hours

BlockBeats News, September 3rd, according to DefiLlama data, Robinhood's blockchain token issuance platform Pons has seen a 24-hour protocol fee of $6.09 million, reaching a new all-time high. It has become the largest protocol fee token issuance platform, surpassing Pump.fun. Among all protocols, Pons ranks fourth in 24-hour fee generation, behind only Tether, Uniswap, and Circle. Pons protocol revenue is ranked 8th overall.

On September 2nd, the Pons platform minted nearly 25,000 new tokens, a nearly 19% increase from Tuesday, with a 24-hour trading volume of $544 million. Data shows that since July, the platform has issued around 646,000 tokens from over 167,000 different creator addresses.