Pons propels Robinhood Chain fees to record $6 million in daily fees as DEX volume doubles

Robinhood Chain notched its highest single-day fee haul on Sept. 4, generating $6 million, according to data compiled by The Block. The record capped a week in which the network collected roughly $25 million in fees, compared with just $1.4 million in the prior seven-day stretch — a 17-fold increase in a single week.

Trading activity rose alongside fees. Total decentralized exchange volume for the week reached $12.4 billion, more than double the previous week's tally. Daily active accounts, however, averaged 396,000 and came in below the prior week's average, implying the chain is monetizing its existing user base far more intensively than before. Fees per active account climbed from $0.13 in mid-August to $15.90 by early September.

Pons emerges as the main driver

The surge traces back to a single protocol: Pons, now the chain's leading token launchpad. On Sept. 3, Pons generated close to $6 million in fees, out-earning Pump.fun and Hyperliquid on the same day. Its PONS token hit an all-time high valuation above $970 million on Sept. 5 and is up more than 200% over the past week.

Pons' token model is notably reflexive, with roughly 80% of the revenue it produces directed toward token buybacks and more than 28% of the PONS supply already burned.

Whether the momentum persists is an open question. Fee income is a lagging function of how many new pools exist to trade against, so the coming weeks' launch counts will be a key signal of whether the flywheel keeps turning should trading volume cool off.