v2 is bullish for $PONS — three core reasons: 1. Significantly stronger revenue generation (earlier + larger income) In v1, protocol fees mainly come from trading after projects graduate and enter the Uniswap pool Many projects die before graduation, or their trading volume is concentrated only in the early stage, meaning the actual revenue captured by the protocol is limited v2 changes this by collecting fees from the very first second of bonding curve trading, with fees charged on both buying and selling This means that as long as someone trades on the bonding curve (regardless of whether the project eventually graduates), the protocol can immediately generate revenue These fees will ultimately flow into wallets dedicated to buying and burning PONS Therefore: More protocol revenue → More PONS purchased → More PONS burned. 2. Stronger security (more complete anti-rug design) v2 ensures that liquidity after graduation is permanently locked The smart contract does not even contain an unlock function Creators are therefore almost unable to manipulate the project at later stages: Cannot withdraw liquidity; Cannot arbitrarily add new taxes; Cannot modify core parameters. For traders and holders, this reduces the trust barrier and makes it easier for projects to retain capital and trading volume Higher trading volume → More fees generated → More revenue flowing back into the PONS buyback and burn mechanism 3. Much broader application scenarios (from meme launchpad to chain-wide issuance layer) In v1, only WETH pairing is supported, making it essentially focused on memecoin launches However, v2 supports customizable paired assets: Stablecoins; Tokenized stocks; Any other approved tokens. This means Pons will no longer only be used for launching memes It can become a general-purpose token issuance infrastructure across the entire Robinhood Chain ecosystem The more projects that launch through the platform, the more trading activity and fees are generated And these fees will ultimately feed into the PONS buyback and burn mechanism Summary: Higher revenue generation + stronger security + expanded utility At the same time, with its current relatively low valuation, the v2 upgrade represents a clear positive catalyst for PONS holders