Pons V2 upgrade brings Uniswap V4 to Robinhood Chain's $431M ecosystem

Pons unveiled its V2 upgrade on July 23, adding an ETH-based bonding curve, Uniswap V4 integration, creator payouts in ETH, and support for tokenized real-world asset trading pairs. The upgrade is scheduled for deployment next week after audits are completed, the team said.

"The V2 contracts are expected to be deployed next week after ongoing audits are completed," the Pons team said in an announcement, adding that every feature remains subject to change until deployment. The team said the latest version was shaped by user feedback gathered during the platform's first weeks of operation.

Under the new model, tokens will launch on a bonding curve until reaching 4.2 ETH before automatically migrating into a permanently locked full-range Uniswap V4 position. Creators will receive payouts in ETH by default rather than accumulating fees in the launched token, with the option to receive protocol fees in stablecoins or tokenized assets such as USDG. Trading restrictions will remain configurable only for developer wallets.

The upgrade arrives as Robinhood Chain's launchpad market undergoes a structural shift. Noxa, which powered a $4 billion memecoin boom on the chain, halted new token launches on July 11 after generating more than $12 million in protocol fees and supporting over 60,000 token launches — roughly 75% of all deployments on the chain. A FalconX research primer found that Robinhood Chain had accumulated approximately $431 million in total value locked, nearly $400 million in stablecoin market capitalization, and close to $9 billion in cumulative decentralized exchange volume within three weeks of launch.

Competition Intensifies After Noxa's Exit

Noxa's shutdown triggered declines in several of the chain's most actively traded memecoins, including CASHCAT, which dropped more than 33% in a single 24-hour window. Rival launchpads including flap.sh, trensh.today, bankr, and Pons began competing for displaced activity. Despite the chain's long-term focus on tokenized assets, FalconX found that more than 80% of decentralized exchange activity still comes from memecoin trading.

Pons said it had stabilized the protocol with infrastructure partners after dealing with several attacks following its launch. The platform reached approximately $30 million in market capitalization within five days and reported roughly 58,000 daily active addresses as of July 19, according to on-chain data.

Anonymous Developer and On-Chain Transparency

The platform was built by an anonymous developer known as Ozzy (@MEADGod on X), whose previous project was RootsFi, a Berachain-based lending protocol introduced in May 2025. On July 21, Robinhood Chief Executive Officer Vlad Tenev followed the @MEADGod account, which coincided with a sharp move in the Pons token price, according to Odaily. Neither Tenev nor Robinhood has issued an official statement regarding Pons.

The developer has maintained a degree of on-chain transparency uncommon for anonymous operators, including publishing fee transfer and buyback-burn transactions verifiable on-chain. However, the project's legal identity, team composition, and governance structure remain undisclosed.

This article is for informational purposes only and does not constitute investment advice.