$PONS Is another wave coming?
Just now, Robinhood CEO Vlad Tenev replied on X to a community question about the RH Chain.
The gist of what he said:
“Robinhood Chain is a top priority for us. We never left.”
“Builders who showed up early are important to us.”
“We want the best builders on the chain, and we’re investing to make that happen.”
“More details are coming soon.”
Those lines may not seem like much on their own, but the timing changes things.
Launchpad revenue over the past 30 days (data from Blockworks):
- Pump.fun: $41.77 million
- StonkFun: $23.2 million
- Pons: $9.86 million
- BONK.fun: $5.04 million
As the flagship of RH Chain, PONS brought in just 24% of Pump.fun’s 30-day revenue.
Overall activity on on-chain launchpads has fallen by an order of magnitude from its September peak.
At a moment like this, the CEO is speaking up personally, with hooks like “increased investment” and “more details.”
This probably isn’t just casual chatter.
Just now, Robinhood CEO Vlad Tenev replied on X to a community question about the RH Chain.
The gist of what he said:
“Robinhood Chain is a top priority for us. We never left.”
“Builders who showed up early are important to us.”
“We want the best builders on the chain, and we’re investing to make that happen.”
“More details are coming soon.”
Those lines may not seem like much on their own, but the timing changes things.
Launchpad revenue over the past 30 days (data from Blockworks):
- Pump.fun: $41.77 million
- StonkFun: $23.2 million
- Pons: $9.86 million
- BONK.fun: $5.04 million
As the flagship of RH Chain, PONS brought in just 24% of Pump.fun’s 30-day revenue.
Overall activity on on-chain launchpads has fallen by an order of magnitude from its September peak.
At a moment like this, the CEO is speaking up personally, with hooks like “increased investment” and “more details.”
This probably isn’t just casual chatter.