Robinhood Chain posted a record $6 million in single-day fees on Sept. 4, a 17x jump in weekly fee revenue driven almost entirely by one protocol: the token launchpad Pons. DEX volume on the chain doubled to $12.4 billion for the week even as daily active accounts fell, which implies the network has been extracting far more from its existing user base than before.
Fees spike as fewer users trade more
Robinhood Chain generated a single-day record of $6 million in fees on Friday, Sept. 4. Fees over the prior seven days totaled approximately $25 million, compared with just $1.4 million the week before — a 17x increase in a single week.
Total DEX volume for the week reached $12.4 billion, more than double the prior week's total. Yet daily active accounts averaged 396,000 across the week, lower than the prior week's average. As a result, fees generated per active account climbed from $0.13 in mid-August to $15.90 by early September.
Pons drives the flywheel
The entire phenomenon traces back to Pons, now the chain's leading token launchpad. On Sept. 3, Pons generated nearly $6 million in fees, more than Pump.fun and Hyperliquid managed on the same day. The PONS token reached an all-time high valuation of over $970 million on Sept. 5, up more than 200% in the last week alone.
Pons' tokenomics reinforce that momentum: roughly 80% of the revenue it generates goes toward token buybacks, with over 28% of the PONS supply burnt so far. Fees, however, are merely a lagging function of how many new pools exist to trade against — a figure that rests entirely on Pons' pace of new token launches.
Source: The Block
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