that1618guy(@that1618guy):llama's $PONS revenue now includes the token leg. before only the ETH leg was counted my terminal included i.e. jul 26: llama $387k vs my $166k, ~2.3x. that gap is likely the token leg it was always there just hard to price so no dashboard counted it. when v2 lands those fees get expressed in ETH -> the on-chain numbers should jump too fwiw this is what folks are bullish on from fee revision perspective. hope this helps

that1618guy

@that1618guy

Markets @Delphi_Digital // BTC Game Theory Creator // Founder @Stateofblocks

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that1618guy@that1618guy

2026.07.30 22:56

llama's $PONS revenue now includes the token leg. before only the ETH leg was counted my terminal included i.e. jul 26: llama $387k vs my $166k, ~2.3x. that gap is likely the token leg it was always there just hard to price so no dashboard counted it. when v2 lands those fees get expressed in ETH -> the on-chain numbers should jump too fwiw this is what folks are bullish on from fee revision perspective. hope this helps