Looking at @Adam_Tehc $PONS dune dashboard and if i understand it correctly, the current revenue for PONS that they bought and burnt with is the Pons revenue (ETH fees) but they were actually making almost 2x that on paper if you add token fees one (obviously they didn't want to dump on ppl so they didn't sell it and likely just burnt or didnt touch it) when v2 comes instead of them getting other half in the token they will get the token it is paired with so eth at most times so if the revs stays the same we are looking at $300k+ burns daily on a token that has $37m marketcap

Current metrics (approx. as of late July 2026): ~$41M market cap / FDV, price ~$0.052, circulating supply ~782M (from 1B original, with >21–22% already burned). Protocol revenue annualized at ~$37.5M, of which ~$36M (~80%) goes to buybacks and burns (holders revenue). Recent 24h revenue around $180k and strong 7d figures support the run-rate; earlier periods showed lower but still elevated activity with rapid burns. Buyback yield is currently very high (~85–90% annualized at the present mcap), implying a price-to-buyback multiple of roughly 1.1–1.2x. This is a sharp discount versus historical and recent comparables for (PUMP), which has traded at substantially higher multiples of its buyback/revenue flows (often several times, with lower percentage yields on a much larger base). Fair mcap considerations • The aggressive, revenue-funded buy-and-burn (plus ongoing supply reduction) is a core strength and creates a direct flywheel: more launches/trading → higher fees → more burns → tighter supply. Dominance on Robinhood Chain (high market share of launchpad volume) and planned V2 upgrades support the case for sustained activity in the near term. • Major risks include the short track record, competition from other launchpads on the chain, potential volatility or fade in meme-launch volume (common in this sector), and the fact that the broader Robinhood Chain ecosystem is still young and smaller than Solana. • Relative valuation: Applying a more normalized multiple (e.g., 3–6x annualized buyback/revenue, closer to mature or mid-cycle launchpad tokens rather than the extreme current discount) on a sustained $20–40M buyback run-rate points to a range of roughly $80–180M. A more conservative case (revenue halves and multiple stays modest) lands nearer $50–100M; a bullish case (revenue holds or grows modestly with continued burns and market share) can justify $150M+. In short, at ~$41M the token screens as cheap on pure revenue-to-buyback metrics given the current run-rate and deflationary pressure. A “fair” zone that better balances the high yield against execution and sustainability risks is in the $80–150M area if revenue remains robust

in the past 24 hrs @ponsdotfamily has generated $156k in protocol revenue, translating to ~$120k in buybacks of $PONS Pons is the #12# protocol by fees and #13# protocol by revenue in all of crypto according to @DefiLlama, generating more revenue than protocols valued at $800m FDV, while $PONS sits at $25m FDV $PONS is the most undervalued token in all of crypto and standing with giants such as Aave, Paxos, Polymarket, Fomo, Aerodrome, and more by revenue/fees. All of these are valued between 10-100x+ what Pons is valued at. Repricing is imminent.