Pons Fees Hit Record $5.95M, Surpassing Robinhood Chain
According to DeFiLlama, Pons, the native token launchpad on Robinhood Chain, generated $5.95 million in daily fees, marking a new ATH and ranking fourth across all protocols, while even surpassing the Robinhood Chain network itself. Notably, Pons’ daily fees were also higher than the combined fees generated by Hyperliquid, Polymarket, and Fomo. H/T: @bubblemaps
Robinhood Stock Tokens Overtake Binance bStocks by Holder Count
Robinhood Stock Tokens have reached about 862,800 holders, surpassing Binance bStocks at roughly 827,200 to become the largest stock-token platform by holder count under Token Terminal’s methodology. Robinhood, one of the largest U.S. retail brokerage platforms, grew the product from zero to its current scale in about two months. Its Stock Tokens are structured as tokenized debt securities that provide economic exposure to underlying stocks or ETFs without granting legal or beneficial ownership of those securities.
Multicoin Cuts HYPE Stake Again, Has Sold Nearly Three-Quarters From Peak
Multicoin Capital sold another roughly 10% of its HYPE holdings, according to Arkham, leaving about $90.5 million worth of HYPE, still its largest on-chain position. The firm accumulated around 4 million HYPE at its peak in February and March but now holds only slightly more than a quarter of that amount, implying it has sold nearly 75% of its peak position.
Backpack Appoints Multicoin Capital Co-Founder Kyle Samani to Backpack US Board
Backpack announced the appointment of Kyle Samani, former co-founder of Multicoin Capital and an early Solana investor, to the Board of Directors of Backpack US. Samani stepped back from Multicoin in February 2026 and remains chairman of Solana treasury company Forward Industries.