Pons, a launchpad built on Robinhood Chain, has launched its V2 upgrade, introducing changes designed to improve liquidity, remove trading restrictions for most users, and add support for tokenized real-world assets (RWAs).

The upgrade arrives as Robinhood Chain continues to expand rapidly. The network has surpassed $300 million in total value locked (TVL) and has become one of the most active Ethereum Layer 2 networks for speculative trading.

Pons Launchpad: Role and Features

Pons is a non-custodial launchpad designed for utility or equity tokens with a fixed supply. The platform offers an explorer, a creator dashboard, wallet analytics, and on-chain data tools. Although built exclusively for Robinhood Chain, Pons is not an official Robinhood product. It has nonetheless become a widely used platform among Robinhood Chain traders.

As Robinhood Chain positions itself to challenge Base — Coinbase's Ethereum Layer 2 that has become a major hub for memecoin and decentralized exchange activity — and Solana, the high-throughput Layer 1 blockchain that consistently ranks among the top networks for onchain trading volume, the Pons V2 upgrade was welcomed by community members whose feedback the development team incorporated into the release.

Key V2 Changes

Pons V2 addresses one of the most common user complaints related to liquidity and trading restrictions by introducing a bonding curve denominated in ETH. A bonding curve is an automated market-making mechanism in which a token's price is determined algorithmically along a preset curve based on its circulating supply, enabling continuous liquidity without the need for a traditional buyer-seller order book. Under the new system, trading restrictions remain configurable only for developer wallets, while all other wallets can trade freely. According to Pons, this change eliminates failed transactions caused by third-party applications.

The team also redesigned its fee structure. Creators can now collect fees in ETH by default rather than accumulating fees in the launched token, utilizing new Uniswap V4 pools. Uniswap V4, the latest major iteration of the leading decentralized exchange protocol, introduced a customizable architecture that allows developers to define specific fee tiers, liquidity hooks, and pool behaviors at a granular level. At deployment, creators also have the option to receive payouts in another supported asset.

Memecoin Trading Dominates DEX Volume

Robinhood Chain is positioned to onboard millions of users onchain, wrote Martin Gaspar, FalconX Senior Crypto Market Strategist. Cumulative DEX volume on the network has exceeded $9 billion, with approximately 80% originating from higher-risk memecoins.

Profits remain concentrated beneath the trading activity. According to data cited by AMBCrypto, 63% of traders have faced losses, and only 46 wallets have realized profits exceeding $1 million. AMBCrypto noted that this dynamic could lead to fading enthusiasm following an initial surge in popularity, as memecoin launches and valuations depend more on narratives than on fundamentals.

RWA Focus and Outlook

The introduction of custom RWA trading pairs in Pons V2 aligns with Robinhood Chain's stated emphasis on real-world assets. Tokenization of RWAs — representing instruments such as equities, bonds, and commodities as blockchain-native tokens — has emerged as one of the most actively developed areas in crypto infrastructure, with institutional participants and multiple networks building issuance and trading rails for onchain representations of traditional financial instruments. Growth in the tokenized stock market capitalization, combined with functional onchain utility for these tokens, could drive organic adoption of the Robinhood Chain, according to Gaspar.

Within a month of its emergence, Robinhood Chain has captured significant market attention and is challenging Base for a position among the top chains for speculative trading. The custom RWA trading pairs introduced in Pons V2 directly support the network's broader strategic focus on tokenized real-world assets.