$PONS at $263m, down from near $650m in september. last 30 days the protocol did $115.79m in fees. $15.94m of that went to holders. the team has shipped the entire time. the custom pairs are real. 5,122 pools on the old hook, not a mockup. this is the one on this chain i actually trust not to disappear. price looks fine to me here.

$PONS launches tokens / Mosh ($BUN) wraps those launches in market-making agents. An agentic launchpad on top of robinhood:0xedbf91223639800bcd5756815caf908df3b890be would close the loop imo > Launch an agent with its identity > Let people back new agents the way they back new tokens today > Payoff is a share of fees from loans the agent repays > Build credibility on the agent creator + agents itself fees will start off small, but hopefully can scale. just some thoughts atm, wanna put this in writing soon

$PONS is in an interesting spot here... While they have without a doubt had an incredibly successful 2 months the real test comes now. This is the first time since RHC took the challenge to Solana where they are being tested. Volumes are down significantly across the board and Ethereum has flipped RH in DEX volume. The next leg for RHC activity is what will cement them as one of the dominant chains over the next 12 months. For a launchpad on a new chain, the first $1M+ revenue day is the easy part. The second round of $1M+ revenue days will finally put the question of "how sustainable is $PONS revenue" to bed. It will require some patience, but I have 0 doubt that it will come.

$PONS revenue continues to base out after that incredible run up in early September token price continues to show resilience around the 0.5-0.6+ levels which is very encouraging with attention on RH eco the next week and Ozzy hinting at some new stuff being built + PONS v3, i think these numbers can easily pick right back up rn the market is still pretty hopeful that revenue will climb back based on the xRev chart. so the bet here is no longer the market underpricing a revenue resurgence, but rather a bet that PONS revenue inflect higher. xRev current read is 3.60 and has been climbing up ever since revenue started its decline the risks here are flipped as well if revenue doesnt pick up, xRev multiple should fall and because xRev = mcap/rev, and revenue has already fallen down while price stayed elevated, price should be the one that drags xRev back down to earth as of now, the market is currently pricing that PONS start to see higher revenue numbers. lets see if the market is right

$PONS is now a top 10 crypto protocol based on 30d revenue with $24.33M generated. $19.4M has gone into buybacks in the last 30 days. This puts them fourth out of all crypto protocols for amount spent on buybacks. 1. $HYPE - $61.8M 2. $PUMP - $27.4M 3. $TRX - $24.15M 4. $PONS - $19.4M 5. $STONK - $8.4M In a market where we're constantly looking for the marginal buyer there is nothing better than owning deflationary tokens which are getting perpetually TWAP'd by protocol revenue.

$PONS launched on 13th July when Bitcoin price was ~$63k. Since then they have become the dominant launchpad on RH after beating significant competition. However one hurdle $PONS hasn’t had to deal with is a decline in majors. This will be the next big test. If we see a $BTC drop of 20%, how will $PONS price and more importantly revenue react? This is probably the last test $PONS and more importantly RH have in determining if they are here to stay. If $PONS can continue to pump out solid revenue number (relative to $PUMP) while majors are down there is little stopping them from hitting billions.