Pons v2 is launching very shortly, and will give massive improvements to the $PONS tokenomics (which are already best in class). In a recent podcast with fomo, @MEADGod (Pons founder) mentioned that I pushed him to use Uni v4 in Pons v2 - while the v2 overhaul is going to unlock hugely positive network effects within the Pons ecosystem, it's not even close to the extent of innovation possible with Uni v4 that Ozzy is planning. He told me that he is already working on Pons v3. v1 launched 2 weeks ago and v2 just finished audits. Today's earnings call from Robinhood made the direction things are going onchain extremely clear. It's time to take a chance and believe in something.

Ozzy says in the stream below that he wants $PONS to become a 1bn valuation protocol. How can we get there? - Current market cap is $33m - Last 7 days fees are are $1.1m, of which 80% so c.900K flows to buy backs. - So currently the coin trades a 0.6x annualised buy backs Path to 1bn 1) v2 is dropping imminently and is expected to mechanically 2x or more fees. So that's $1.8m buy backs per week. 2) The current 0.6x multiple is low because the protocol is so new. Traders are assuming that current fee levels will not prove durable. This is the key point. Every week that goes by with fees at or above this level, the multiple should gradually drift up as the platform proves fees can be sustained at these levels. 3) Pump's equivalent multiple has traded between 3 and 6 in recent times. In a bear market. But clearly Pump at the moment is a more proven protocol and so Pons should trade at a discount. 4) But if $PONS fees are durable - and I think the market is under pricing that outcome given the speed at which the team are innovating, then we could easily get to 15x the current market cap (2x the fees from v2 and a 7.5x multiple rerating over time from 0.6x to 4.5x). Which would put $PONS at a c.500m market cap. But note this is all in a bear market on a nascent chain. Seems completely possible that volumes and fees could double or more from current levels if the market picks up. A 2x in launchpad volumes from bear to bull seems conservative if anything. So to recap, the path to 1bn is: 1) 2x fees from v2 dropping this week. This should be mechanical. 2) Multiple rerate from 0.6x to 4.5x over the next 6 months as $PONS proves it has staying power 3) 2x in fees when the bull market eventually comes back That results in a 1bn $PONS valuation. Clearly needs the stars to align and the team to continue knocking it out of the park, but none of those assumptions seem aggressive on the face of it. The key point is really - can the $PONS fees prove durable enough that the multiple rerates towards Pump's? Which is really a bet of the PONS team and on Robinhood chain. Neither of which seem like teams you'd want to fade. So imo, $PONS to 1bn is completely possible if the team keeps executing and fees prove sticky.

Ozzy says in the stream below that he wants $PONS to become a 1bn valuation protocol. How can we get there? - Current market cap is $33m - Last 7 days fees are are $1.1m, of which 80% so c.900K flows to buy backs. - So currently the coin trades a 0.6x annualised buy backs Path to 1bn 1) v2 is dropping imminently and is expected to mechanically 2x or more fees. So that's $1.8m buy backs per week. 2) The current 0.6x multiple is low because the protocol is so new. Traders are assuming that current fee levels will not prove durable. This is the key point. Every week that goes by with fees at or above this level, the multiple should gradually drift up as the platform proves fees can be sustained at these levels. 3) Pump's equivalent multiple has traded between 3 and 6 in recent times. In a bear market. But clearly Pump at the moment is a more proven protocol and so Pons should trade at a discount. 4) But if $PONS fees are durable - and I think the market is under pricing that outcome given the speed at which the team are innovating, then we could easily get to 15x the current market cap (2x the fees from v2 and a 7.5x multiple rerating over time from 0.6x to 4.5x). Which would put $PONS at a c.500m market cap. But note this is all in a bear market on a nascent chain. Seems completely possible that volumes and fees could double or more from current levels if the market picks up. A 2x in launchpad volumes from bear to bull seems conservative if anything. So to recap, the path to 1bn is: 1) 2x fees from v2 dropping this week. This should be mechanical. 2) Multiple rerate from 0.6x to 4.5x over the next 6 months as $PONS proves it has staying power 3) 2x in fees when the bull market eventually comes back That results in a 1bn $PONS valuation. Clearly needs the stars to align and the team to continue knocking it out of the park, but none of those assumptions seem aggressive on the face of it. The key point is really - can the $PONS fees prove durable enough that the multiple rerates towards Pump's? Which is really a bet of the PONS team and on Robinhood chain. Neither of which seem like teams you'd want to fade. So imo, $PONS to 1bn is completely possible if the team keeps executing and fees prove sticky.

back to back to back days above $100k revenue 80% goes to buying back $PONS on the open market this will ~2x following the deployment on Pons v2, and there is still north of $400k in the Pons Treasury waiting to be TWAP'd into the chart

I listened to some additional feedback... "Sir but what about CTO, what about my v1 tokens" Check the docs in a bit.. Pons V2 will allow CTOs and migrations to happen natively. Not only for pons tokens, but for every other launchpad token as well. See you later this week.

robinhood chain is starting to look like the strongest opportunity to bring serious liquidity back into the trenches since $TRUMP. $PONS alone finished the day with $101.4M of the $138.2M total launchpad volume across the chain. after months of brutal onchain price action, most people are still thinking defensively. that is usually when the biggest moves get missed and market cap ceilings expand far beyond expectations. capital is already flowing in. assets deposited across robinhood chain applications just passed $600M, up around 50% in one week. the numbers are becoming impossible to ignore.

Yesterday on $pons saw the 2nd highest number of new launches to date. And today is tracking similarly - likely to wind up being the 2nd or 3rd highest new launch day so far. Ultimately all that activity should flow through to pons fees and buy backs

yeh the market initially faded the emergence of $PONS after the Noxa shutdown and so far, it has severely underrated both the project and its role in the Robinhood ecosystem many sold their tokens the day Circus launched, automatically assuming Pons had lost since then, however: - Pons market share has gone from 53% to 73% - Pons market cap went from $11m to a peak of $52m in just 7 days $PONS has the lowest market cap-to-revenue ratio in all of crypto, and it's not even close i.e. a 0.626x revenue multiple versus: - 2.4x for $PUMP - 5.57x for $AERO - 11.8x for $LDO - 22x for $HYPE - 36.9x for ethereum:0x1f9840a85d5af5bf1d1762f925bdaddc4201f984 so even if it wasn't the top launchpad and only had one-quarter of the traction it has today, it would still be undervalued relative to almost every other revenue-generating protocol v2, which launches in a few days, will only amplify this... by a lot Pons is responsible for 54% of ALL transactions and activity on Robinhood Chain Pons has achieved such massive network effects and market dominance that it would take a lot to displace it any way you look at it, people should be buying $PONS now, not selling panic dumping here is incredibly irrational IMO!

it's always funny watching people overreact and irrationally panic dump high-conviction plays yesterday, many panic sold their $PONS tokens because a Robinhood partner launched a new launchpad so how did the day end for Pons? 1. 18,707 tokens were launched on Pons yesterday that's 56.71% more tokens than the day before and 67.63% more than two days earlier that's also a 6-day high for new tokens launched on Pons 2. Pons ended the day with $101.4 million of the total $138.2 million in launchpad volume across Robinhood chain that's 73.4% of all launchpad volume on Robinhood chain for context: • there are about 59 launchpads on Robinhood chain, yet Pons still did nearly 3x more volume than the other 58 launchpads combined yesterday, even after this new launchpad went live • just one week ago, Pons had a 53% market share. over the past week, it has averaged a 62.5% market share 3. Pons ended the day with $162.5k in revenue • this is more or less in line with what it has been generating over the past week • it's even more impressive considering yesterday was a weak day for both BTC and equities, while Robinhood chain activity also cooled somewhat 4. Pons burned 4.29 million tokens over the last 24 hours • that's above the 7-day average of 3,353,716 tokens per day • there's still roughly $350k sitting in the buyback wallet, and it's being replenished very quickly through new fees 5. Pons v2 should turbocharge the Pons narrative • v2 has the potential to increase Pons' market share and strengthen its dominance by allowing tokens to be paired with stocks, stablecoins, and a variety of other assets • v2 should also maximize revenue for Pons and could potentially double revenue, all else being equal • that could mean up to 2x more burns even if activity on the platform remains the same, which is remarkable considering Pons has already burned 22% of its token supply in just two weeks • this is happening while $PONS trades at a 0.626x revenue multiple versus 2.4x for $PUMP, 5.57x for $AERO, 11.8x for $LDO, 22x for $HYPE, and 36.9x for $UNI • in other words, $PONS is already significantly undervalued relative to other revenue-generating protocols, and v2 looks poised to make that valuation gap even wider TLDR: 1. there is clearly room for several launchpads to thrive on Robinhood chain 2. every objective metric shows that Pons remains the clear leader and has so far been completely unfazed by the launch of a new competitor 3. if anything, Pons' fundamentals have only improved and they're about to be turbocharged with the launch of v2 later this week panic sellers will buy back higher