$PONS ｜October 11 Data Update
The entire market is cooling down
The overall crypto market has been sluggish lately. Even Solana, which has long topped the DEX trading volume rankings, saw its 24-hour trading volume fall to around $1B.
Robinhood Chain’s DEX trading volume was only about $544M. Seeing these figures, it feels like PONS’s slump can’t be blamed entirely on the project itself.
However, PONS has fallen to 47th place in protocol revenue rankings.
Revenue continues to decline, and the price is likely to keep falling.
PONS: Platform metrics hit new lows
Data for the past 24 hours:
Trading volume: $37.6M → $31.7M (-15.7%)
Platform fees: $460K → $341K (-25.9%)
Protocol revenue: $60K → $46.9K (-21.8%)
New token launches: 2.3K → 1.7K (-26.1%)
Token-holding addresses: 103,437 → 103,600 (+163)
Trading volume, fees, revenue, and new token launches are all declining. The only metric still growing is the number of token-holding addresses.
Buyback and burn progress
About 800,000 tokens were burned the day before yesterday, followed by another approximately 600,000 PONS yesterday.
The cumulative burn rate rose from 32.21% to 32.27%, with about $1.1M still unused in the buyback pipeline.
The entire market is cooling down
The overall crypto market has been sluggish lately. Even Solana, which has long topped the DEX trading volume rankings, saw its 24-hour trading volume fall to around $1B.
Robinhood Chain’s DEX trading volume was only about $544M. Seeing these figures, it feels like PONS’s slump can’t be blamed entirely on the project itself.
However, PONS has fallen to 47th place in protocol revenue rankings.
Revenue continues to decline, and the price is likely to keep falling.
PONS: Platform metrics hit new lows
Data for the past 24 hours:
Trading volume: $37.6M → $31.7M (-15.7%)
Platform fees: $460K → $341K (-25.9%)
Protocol revenue: $60K → $46.9K (-21.8%)
New token launches: 2.3K → 1.7K (-26.1%)
Token-holding addresses: 103,437 → 103,600 (+163)
Trading volume, fees, revenue, and new token launches are all declining. The only metric still growing is the number of token-holding addresses.
Buyback and burn progress
About 800,000 tokens were burned the day before yesterday, followed by another approximately 600,000 PONS yesterday.
The cumulative burn rate rose from 32.21% to 32.27%, with about $1.1M still unused in the buyback pipeline.