Uniswap Labs confirms PONS token investment

While PONS, one of the most talked about tokens of Robinhood Chain, which was launched in July, continues to attract attention in the crypto world, Uniswap Labs was one of the teams supporting the project. In the statement made by the Pons team last night, it was said: "We have further developed our cooperation with Uniswap. Uniswap Labs acquired PONS within the framework of our long-term interests." Uniswap also shared this tweet and confirmed the purchase with just a “handshake emoji”.

Quantity or cost not disclosed

It was also noteworthy that neither side shared any figures regarding the purchase. It is also unknown whether the purchase was made on the open market or through private allocation, or in which wallet(s) the tokens are held.

It uses Uniswap infrastructure…

As it is known, although it is a project launched on Robinhood Chain, Uniswap's V4 infrastructure is also used in the purchase and sale of PONS tokens. In fact, considering that the Pons project is a token issuance/creation, that is, a lauchpad project, newly released (other) tokens on Pons are also directed to Uniswap's V4 liquidity pools after achieving a certain growth. This allows both parties to profit from these tokens.

56% came from Robinhood…

In fact, this cooperation is not limited only to Pons. More than 56% of Uniswap's V4 pools' trading volume in recent days came from Robinhood Chain. In the last 24 hours, $465 million of the transaction volume of the V4 pool came from the Ethereum network, while $900 million was provided by Robinhood Chain. This significantly increased Uniswap's transaction fees.

PONS, Pons launchpad's own token, has seen a nearly 25-fold increase since the beginning of August. UNI, the Uniswap token, has also gained 60% in value in the last month.