Why would I consider PONS as a DeFi trading pair?

Not because it has been performing well recently, but because I value these points:

Over the past 30 days, Pons:

* DEX trading volume of about $2.46 billion
* Protocol revenue of about $25.37 million
* About $14.0 million used for value backflow / buybacks and burns
* Current PONS market cap of about $425 million

When I choose a trading pair, I actually care most about two things:

1. Whether there is real trading volume
If the trading volume is large enough, LPs will have a steady source of fee income.

2. Whether the token itself captures value
PONS protocol revenue partially flows back to the token—not just relying on inflationary incentives to prop up the APY.

So for me, PONS isn’t about “betting it will rise,” but about:

Earning fees from trading volume + PONS having a buyback logic.

Of course, the risks are also clear:
If trading volume drops quickly later on, the high yields you see now will fall along with it.

So I focus more on whether trading volume can be sustained, rather than the APY itself.

$PONS #defi