Robinhood on-chain Procedure fee drops by 97%, but trading volume remains near historical high

The memecoin distribution platform Pons on the Robinhood Chain saw a marked decline in popularity: data showed that during the week of September 10 to 16, it made about $616 million, down 37% from the previous seven days and contract revenues fell from $10.7 million to $5.8 million over the same period. As the core application driving this round's boom for Robinhood , changes in Pons data are seen as an important window into sentiment around the chain.

Pons cooling down, but the entire chain of DEX transactions is still growing

Pons is a distribution platform for user-created and traded new memecoin s, previously contributing most of the on-chain activity to the Robinhood Chain. At current revenue levels, it still generates about $830,000 per day in protocol revenues.

Notably, Pons' cooling did not drag down the trading performance of the entire chain. All DEX data tracked by DefiLlama showed that Robinhood Chain rose 5% to $12.8 billion in the same period as trading volume . Of these, Uniswap V3's trading volume doubled from $2.5 billion to $5.3 billion while Uniswap V4 decreased 22% to $4.9 billion and trading activity is shifting from new memecoin speculators to other trading pair .

Plans to buy back and demolish are still in progress

Pons creator Ozzy revealed to CoinDesk earlier this month that the platform will spend 80% of its agreement revenue on buying and destroying PONS token , leaving part of token permanently out of circulation.

This arrangement means that a significant portion of the platform's revenue will continue to support PONS' deflationary logic even if issuance heat declines. However, the drop in revenues also directly compresses the amount of funds available for repurchase, both constituting this long-term relationship.

Follow-up: Will traders change their minds Solana

Uniswap stakeholder Unipcs remains optimistic about the prospects for the Robinhood Chain, expecting its subscriber numbers, trading volume and royalty revenues to reach new highs by year's end, and said speculative memecoin activity is currently mainly distributed across the BNB Chain and Solana chains.

If Pons continues to cool down, traders' whereabouts will be the next focus of observation. Solana remains the busiest network and most likely destination for outflow funds in terms of trading activity and speculative betting on memecoin . It is worth keeping an eye on whether Robinhood Chain can meet its high expectations for innovation at trading volume by year-end.

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