Robinhood Chain launchpad Pons revamps for institutional tokenised assets with V2
Pons's V2 upgrade adds Uniswap V4 pools and RWA trading pairs as Robinhood Chain's launchpad race intensifies amid heavy memecoin flows.
Pons, the token launchpad built on Robinhood’s blockchain network, has confirmed plans for a V2 overhaul that ties its trading infrastructure to Uniswap V4 and opens the door to markets built around tokenised real-world assets. The update, expected next week according to an announcement from the Pons team, arrives as competition among launchpads on Robinhood Chain sharpens following the exit of rival platform Noxa.
The revamp is notable less for its technical detail than for what it signals about the direction of institutional-facing infrastructure on Robinhood’s layer-2 network. Rather than remaining a venue purely for speculative token launches, Pons is positioning itself to support trading pairs against tokenised equities and stablecoins — a shift that mirrors Robinhood Chain’s own stated ambition to become a settlement layer for tokenised securities rather than a memecoin sideshow.
Bonding curve redesign and asset-linked pairs
Central to V2 is the replacement of the platform’s existing launch mechanism with an ETH-denominated bonding curve. Pons said trading restrictions would remain configurable only for developer wallets, while all other wallets would be able to trade without the transaction failures that had reportedly affected third-party trading applications under the earlier model.
Developers using the platform will also be able to launch tokens against custom trading pairs rather than ETH alone. The announcement cited USDG, NVDA, AAPL and HOOD as examples — pairing new token launches directly with tokenised shares and stablecoins already circulating on Robinhood Chain. Creator payouts, meanwhile, will be denominated in ETH under the new structure, and fee mechanics will run through Uniswap V4 pools using its Hooks framework.
Pons said the contracts remain under audit with two external partners, meaning the feature set could still change before deployment. The team also acknowledged it had worked with infrastructure partners to stabilise the protocol after a series of attacks in the weeks following its launch.
A network still dominated by memecoins
The upgrade lands against a backdrop of rapid, if uneven, growth on Robinhood Chain. Research from FalconX, cited by crypto.news, found the network had accumulated roughly $431 million in total value locked, close to $400 million in stablecoin market capitalisation, and nearly $9 billion in cumulative decentralised exchange volume within three weeks of launch.
That same research found that more than 80% of decentralised exchange activity on the network still originates from memecoin trading, despite Robinhood Chain’s long-term positioning around tokenised securities and institutional-grade decentralised finance. Robinhood has already introduced transferable stock tokens backed one-for-one by underlying shares, part of a broader push to frame the Ethereum layer-2 network as regulated-adjacent infrastructure for tokenised finance.
The gap between stated ambition and actual usage is likely to matter to regulators watching how retail-facing platforms blend speculative token issuance with claims of institutional relevance. A launchpad that lets developers pair new tokens against tokenised NVDA or AAPL shares raises questions about disclosure and investor protection that go well beyond typical memecoin listings, even as the underlying technology — bonding curves, automated market maker hooks, ETH-based settlement — remains standard DeFi plumbing.
For now, Pons’s V2 remains a work in progress, with audits ongoing and features subject to change before release. Its success or failure will likely serve as an early test of whether Robinhood Chain can shift meaningful volume away from memecoins and toward the tokenised asset markets it was built to support.
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