Uniswap Labs buys PONS tokens as protocol fees surge

Uniswap Labs has purchased PONS tokens for what it describes as long-term alignment, with the size and price of the transaction undisclosed.
The move is notable because Pons competes with Uniswap's own TradePools launchpad on Robinhood Chain.
Pons generated approximately $5.95 million in fees over the past 24 hours and $28.83 million over seven days, reportedly out-earning Pump.fun on the daily metric.
Since August, around 80% of protocol fees have reportedly been used to repurchase PONS, while approximately 29.34% of the token's total supply has already been burned.
The combination of strong fee generation, aggressive buybacks and supply reduction creates a highly reflexive token-economics setup, although sustainability depends on continued activity.