Let the data speak:
I. Destruction: 31.20% of the supply has disappeared; $PONS the most hardcore mechanism is burning.
Total supply: 1 billion coins
Already destroyed: 312,036,595.78 coins, accounting for 31.20% of the total supply
What concept is 31.2%? Nearly one-third of the PONS is already no longer circulating. And destruction is not a one-time event—it happens continuously every day. Supply is continuously deflationary. This is the most fundamental underlying support for PONS.
II. Revenue: $574,000 in 24 hours, annualized over $200 million
PONS’s revenue-generating ability is stronger than many people think.
24-hour revenue: $574,000 (about $574,000)
Annualized revenue: about $209.4M ($209.4 million)
Cumulative revenue V1 / V2: $4.08M / $18.7M
Revenue settled over the past 28 days: $19.64M
From the revenue curve, PONS’s revenue ramps up quickly starting mid-August, reaching a peak from late August to early September (breaking $2M in a single day). Although it has pulled back somewhat recently, it is still stable at roughly $600K–$800K per day. Based on the current pace, the single-day revenue forecast for September 16 is about $851K.
This is not a “concept coin with no revenue.” It’s a protocol that brings in real cash every day.
III. Valuation: a 1.31× revenue multiple—market is giving it a “discount price”
Go back to the table at the beginning. Using “market cap ÷ annualized revenue,” PONS has the lowest valuation tier in the whole segment:
1.31× means that if PONS’s revenue stays unchanged, the market is only willing to pay a price equal to 1.31 times one year of its income. Meanwhile, peers are generally between 5× and 24×.
Of course, a low valuation doesn’t necessarily mean it will rise. The market may be pricing certain risks (such as the sustainability of revenue, competitive landscape, etc.). But the number 1.31× itself already places it in a “skewed odds” position—downside space is supported by revenue and token burn, while upside depends on whether the market is willing to give it a valuation multiple closer to that of peers.
IV. Ecosystem: 830,000 tokens, 330,000 developers, and $125M in creator earnings
PONS is not just a token—it is an issuance infrastructure for creating tokens.
Total token creation: 830,205 tokens
Independent token developers: 332,156
Cumulative protocol revenue: $32,493,473
Cumulative creator earnings: $125,025,261 ($125M)
Judging by Dune’s chart of daily token creation, PONS saw a surge from late August to early September. The highest number of tokens created in a single day was 36,449, and recently it has stabilized at 20,000–30,000 per day.
830,000 tokens, 330,000 developers, and $125M in creator earnings—these three figures show that PONS has already formed a real, scaled token-issuance ecosystem, not an idle protocol.
V. One-sentence summary
31.2% of the supply has been burned. 24-hour revenue is $574K. Annualized revenue is $200M. The market cap-to-revenue multiple is only 1.31×—the lowest in the entire segment.
PONS’s fundamentals are: deflation is ongoing, revenue is running, and the ecosystem is expanding—yet the market has compressed its valuation to a fraction of that of its peers.
Will it go up? No one can guarantee it. But if you ask whether this data is worth putting on an watchlist, the answer is already written above.