Robinhood Chain brought in an all-time high of $6 million in daily fees on Friday, September 4. Fees accumulated over the preceding seven days reached roughly $25 million, leaping from just $1.4 million and marking a 17-fold surge within a single week.
Concurrently, the weekly aggregate decentralized exchange (DEX) volume hit $12.4 billion, more than doubling the figure from the week before. Curiously, daily active accounts averaged 396,000 throughout the week, which actually sits below the previous week’s average.
This suggests that Robinhood Chain is monetizing its current participant base significantly more heavily than previously, given that the fees produced per active wallet shifted from $0.13 in the middle of August up to $15.90 by the start of September.
This entire movement stems from a single protocol named Pons, which has emerged as the network’s top token launchpad.
On September 3, Pons succeeded in producing nearly $6 million in fees, outperforming the daily figures recorded by both Pump.fun and Hyperliquid for that same day. The PONS asset climbed to a peak market valuation exceeding $970 million on September 5, registering a price increase of over 200% across the past week alone.
The tokenomics governing Pons are heavily reflexive, since roughly 80% of its income goes directly toward buying back tokens, resulting in the burning of more than 28% of the entire PONS supply to date. Observers will watch closely to see how the quantity of token deployments on Pons evolves over the coming weeks, since fee generation ultimately acts as a lagging indicator determined by the number of active trading pools, and whether this economic flywheel can sustain itself if activity declines.
This is an excerpt from The Block’s Data & Insights newsletter. Dig into the numbers making up the industry’s most thought-provoking trends.
Originally published at https://www.theblock.co/news/ecosystems/2026-09-08-pons-propels-robinhood-chain-fees-record-6-million-daily-fees-dex-volume-doubles-413852.
