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 appears PONS was largely unaffected by the new launchpad debut on Robinhood Chain yesterday
In fact it saw an increase in many key metrics
Plus the protocol has now bought back and burned 22% of its supply