vanessa

Stay curious. Stay decentralized. ₿

[vanessa @vanessa5fr2]

@stitchdegen The dip and reclaim was impressive

[vanessa @vanessa5fr2]

@stitchdegen The mystery is gone, now execution is the real test

[vanessa @vanessa5fr2]

@stitchdegen @ourbit Cosmic Wheel is back with a big one

[Stitch @stitchdegen]

After the run from $9M all the way to ~$700M, quite a few of you have been DM me asking whether I’m still bullish on $PONS here

Personally, I’m still bullish and still holding a small bag

Not because the chart has already gone crazy, but because a lot of what I was waiting for in the original thesis has actually been shipped by the team

Back then, my biggest concern was value accrual

Pons could generate a ton of volume and fees, but the real question was :

What do $PONS holders actually get from the growth of the launchpad?

That part is much clearer now

Supply burned has increased from around 20–22% to 30.19%, meaning more than 301M $PONS has already been burned

Protocol revenue is now around $25.8M, creator earnings are at $93.5M, more than 694K tokens have been created by roughly 255K unique devs, and the holder count is approaching 89K

The most important part is still the loop :

volume => fees => buyback => burn

Under the current policy, most of the protocol fees are used to buy back and burn $PONS

This is exactly the missing piece I wanted to see from the beginning

That said, one thing should be clear: the 80% buyback is currently a team policy, not an immutable onchain mechanism, and the recent peak fee days shouldn’t be treated as a long-term base rate either

So from here, I care much more about whether fees and burn can remain sustainable over time

The product has also come a long way

V2 is live, tokens can graduate into Uniswap V4, LP is permanently locked, and Pons has expanded into USDG, cbBTC + tokenized stocks like NVDA, AAPL, HOOD, SNAP...

That’s real expansion, although the core activity on Pons is still mostly meme-driven for now

So I’m not rushing to call it a fully developed “issuance layer” yet

If Pons can maintain its volume and market share after the gas subsidy ends on Sep 29, that thesis becomes much more convincing to me

Market share is still very strong right now

Recent snapshots show Pons capturing around 59–73% of launchpad volume on Robinhood Chain

And this is also why I don’t care too much about the headline number of 694K tokens created

Minting a lot of tokens isn’t hard

Where Pons is actually winning is conversion, volume and fees compared with most of its competitors

The Uniswap situation is pretty interesting too

On one side, https://t.co/XXIMOk13Qc directly competes with Pons at the launch layer. On the other, Uniswap Labs bought $PONS citing “long-term alignment”

I still see that as a pretty strong signal, while at the same time it’s a reminder that competition on the chain hasn’t disappeared

Of course, $PONS at ~$700M is completely different from $PONS at $9M

Fundamentals have caught up with a big part of the move: the product shipped, revenue grew, burns are running, and dominance has been proven

But the market has also priced in a lot of this machine running at full speed during a period of high activity and cheap gas

So yes, I’m still bullish, but I’m not looking to chase aggressively here

From here, I’ll mainly be watching market share, 7–30D fees/revenue, burn rate, and especially activity after Sep 29

If the subsidy ends and Pons can still maintain its dominance, keep volume strong and continue the fees => buyback => burn loop, then I think the thesis enters a much stronger phase

If volume drops hard, burns slow down and competitors start taking meaningful market share, that’s when I’ll reconsider

For now, I’m still holding a little $PONS and letting that part of the bag run

After a move this big, I don’t think it’s an easy bet anymore, but so far I haven’t seen the thesis break. If anything, most of what I was waiting for back in July is gradually being validated

0x39dBED3a2bd333467115dE45665cC57F813C4571

[vanessa @vanessa5fr2]

@stitchdegen Sep 29 will be a very interesting test 👀

[Richard Mille @IamRicchard]

Me after every Trump crypto announcement 😭

[vanessa @vanessa5fr2]

@IamRicchard Pain is part of the cycle

[vanessa @vanessa5fr2]

@stitchdegen The “this time is different” trap gets people every cycle

[vanessa @vanessa5fr2]

@Zaynnode @zenkaixbt I hope the winners

[Iron Swaps @IronSwaps]

🎉 Giveaway Results are out!

Thank you everyone for joining the $30 @IronSwaps giveaway. Really appreciate support.

Here are the 10 random selected winners ($3 USDT each):

@clndmsy
@gredwr
@Julian_Rive
@jscalyy
@krixonxnet
@regalto72
@sinemrco
@Jihoonyuu
@itsbonjour76

Winners, please DM @IamRicchard your USDT(Bep-20) address so we can send the prize.

Congrats to the winners and thanks again to everyone who entered. More giveaways coming soon ….
https://t.co/0yJtwnnmDY

[vanessa @vanessa5fr2]

@IronSwaps @clndmsy @gredwr @julian_rive @jscalyy @krixonxnet @regalto72 @sinemrco @Jihoonyuu Love to see it. More giveaways! 🙌

[vanessa @vanessa5fr2]

@0xBossman One ape trade can change everything 💀

[vanessa @vanessa5fr2]

@IronSwaps Good reminder for every swap.

[vanessa @vanessa5fr2]

@stitchdegen I like the idea, but execution will decide everything.

[vanessa @vanessa5fr2]

@stitchdegen The launcher is definitely the part to watch

[vanessa @vanessa5fr2]

@Spiderman_Rich Don’t rush the move

[vanessa @vanessa5fr2]

@Spiderman_Rich @BNBCHAIN @fourdotmemezh BNB season is heating up

[FUNDED Protocol @fundedprotocol]

Quick update on FUNDED Protocol / The News

After notice from authorities, our paid acquisition campaigns have been paused, we're working through the regulatory requirements to get everything properly authorized before relaunching.

This is the right move for a protocol built to last.

Organic growth continues.
We'll be back stronger.

[vanessa @vanessa5fr2]

@fundedprotocol Better to get everything right first

[vanessa @vanessa5fr2]

@0xBossman Weekend volatility hits different 😂