$PONS
After two consecutive days of declines, trading volume has hit a new low.
On October 31, daily trading volume was $17.97M, down another 33.9% from the previous day.
From the $51.7M peak reached after Wallet launched, two days erased two-thirds of the volume—now below the $24M level before the rebound.
It’s not just PONS: Robinhood’s 24-hour trading volume has fallen to $366M, also cut in half. Can Robinhood recover?
📊 October 30 → 31
• Trading volume: $27M → $18M (-33.9%)
• Platform fees: $222K → $154K (-30.8%)
• Protocol revenue: $37K → $27K (-26.3%)
• Newly launched tokens: 1,112 → 894 (-19.6%)
• Number of trades: 245K → 185K (-24.4%)
The goal of “holding above $40M for three consecutive days” that was set earlier failed on the second day. Now, even $20M hasn’t held.
🔥 Burn data
157,000 PONS were burned yesterday, marking a third consecutive day of increases. The cumulative burn ratio rose to 32.86%.
About $255,000 remains in the buyback channel ($199,000 in the splitter + $56,000 in escrow).
Trading volume has been cut in half, again, while burns continue to climb because they reflect revenue from previous days, settled with a lag.
Once the remaining balance is burned, daily buybacks will fall back to 80% of protocol revenue. At current revenue levels, that’s only around $22,000, and the burn rate will take another major step down.#何一表示储备证明10种代币全额背书
After two consecutive days of declines, trading volume has hit a new low.
On October 31, daily trading volume was $17.97M, down another 33.9% from the previous day.
From the $51.7M peak reached after Wallet launched, two days erased two-thirds of the volume—now below the $24M level before the rebound.
It’s not just PONS: Robinhood’s 24-hour trading volume has fallen to $366M, also cut in half. Can Robinhood recover?
📊 October 30 → 31
• Trading volume: $27M → $18M (-33.9%)
• Platform fees: $222K → $154K (-30.8%)
• Protocol revenue: $37K → $27K (-26.3%)
• Newly launched tokens: 1,112 → 894 (-19.6%)
• Number of trades: 245K → 185K (-24.4%)
The goal of “holding above $40M for three consecutive days” that was set earlier failed on the second day. Now, even $20M hasn’t held.
🔥 Burn data
157,000 PONS were burned yesterday, marking a third consecutive day of increases. The cumulative burn ratio rose to 32.86%.
About $255,000 remains in the buyback channel ($199,000 in the splitter + $56,000 in escrow).
Trading volume has been cut in half, again, while burns continue to climb because they reflect revenue from previous days, settled with a lag.
Once the remaining balance is burned, daily buybacks will fall back to 80% of protocol revenue. At current revenue levels, that’s only around $22,000, and the burn rate will take another major step down.#何一表示储备证明10种代币全额背书
