A memecoin making app becomes crypto’s top fee generators as Robinhood Chain activity explodes
The Pons memecoin platform has become a top fee generator on the Robinhood Chain, driven by a surge in user-created tokens and trading activity. The platform's economic model, which involves burning its native PONS token, has contributed to significant price volatility and market interest.
Why it matters
The rise of memecoin factories illustrates shifting trends in blockchain utility and the speculative nature of current crypto-asset markets.
Users paid about $5.95 million in fees through Pons over the past 24 hours, according to DefiLlama . That ranked Pons fourth by 24-hour fees among protocols tracked by the data provider, behind only Tether, Uniswap and Circle, and above Pump at $4.64 million.
Robinhood Chain itself took about $4 million and perpetuals trading powerhouse Hyperliquid about $2 million, the data shows.
The surge highlights an unexpected source of activity for Robinhood Chain. The network launched in July with tokenized stocks as a flagship product, but memecoins and other user-created tokens are now generating some of its heaviest usage and fee activity.
Nearly 25,000 new tokens were launched through Pons on Sept. 2, up almost 19% from Tuesday, while 24-hour trading volume reached $544 million . Since July, the platform has produced about 646,000 tokens from more than 167,000 unique creator addresses, data show .
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