# Robinhood Chain token launch — X 热门讨论 (2026-09-25 02:32 UTC)
## @InsidersHouse (Insider's House) · 09-23 00:59 · ♥102 ↻25 💬4 Why I think $PAR can eventually overtake $PONS for the #1 launchpad position on Robinhood Chain:
1️⃣ Better launch architecture par launches directly into Uniswap V4 — no bonding curve, no graduation and no migration. The entire 1B supply enters a locked liquidity position from block one.
2️⃣ More than one fee flywheel $PAR doesn’t depend on a single buyback model. Protocol fees can fund $PAR buybacks/burns, while launches can also direct creator fees to holders, buyback & burn, or Floor Mode.
3️⃣ Floor Mode is a serious differentiator Fees can create an actual on-chain buy wall underneath the token. As fees accumulate, the floor is recalculated upward; tokens absorbed by the wall are burned. That creates a mechanism PONS doesn’t replicate in the same way.
4️⃣ Permissionless composability par can use any priceable token on Robinhood Chain as a quote asset, not just a limited set of launch assets. That means the launchpad can potentially become infrastructure for the broader ecosystem.
5️⃣ The current gap is exactly why the upside thesis exists PONS currently has enormous traction — roughly $2.37B 30-day DEX volume and $31.7M cumulative revenue according to DeFiLlama.
But PONS also shows how powerful the Robinhood launchpad market can become: Bitquery recorded $2.14B in post-graduation trading volume in just 32 days.
So the question isn’t whether the market exists.
It clearly does.
The question is which architecture captures the next wave.
My thesis:
PONS proved the demand. par can potentially build the infrastructure.
If par converts its superior composability + locked V4 liquidity + fee flywheels + Floor Mode into comparable activity, the $PAR value-accrual model becomes extremely interesting.
That is the battle I’m watching. 👀
$PAR | https://t.co/t8ZXZ1MU5p https://x.com/InsidersHouse/status/2102563470638260259