# Robinhood Chain token launch — X 热门讨论 (2026-09-24 10:40 UTC)
## @Okada_DeFi0x (Okada_Research) · 09-24 08:59 · ♥125 ↻4 💬28 If you look at the launchpad wars today, the game is very different from 1 year ago.
@Pumpfun is no longer playing alone.
The one I’m watching closely now is $STONK.
Latest numbers:
– https://t.co/E9MbGf1RPl: ~$1.15M revenue/24h, ~$33.3M/30d – @LaunchOnSF : ~$958K revenue/24h, ~$21M/30d – @ponsdotfamily: ~$2.55M fees/24h, ~$25.5M protocol revenue/30d – https://t.co/E9MbGf1RPl still has ~155K active addresses/24h and ~$121M DEX vol/24h
What stands out to me is StonkFun.
Its daily revenue is already getting close to https://t.co/E9MbGf1RPl, while $STONK MC is only around $294M, compared with roughly $1.87B for $PUMP.
That’s around a 6x gap in valuation, while the 30D revenue gap is much smaller.
And StonkFun has another interesting loop:
– 60% of revenue goes toward $STONK buyback + burn – ~$11M cumulative holder revenue already tracked – ~$528M DEX vol over the last 30D
Meanwhile, Robinhood Chain has created another battlefield.
Pons generated ~$147M in fees over 30D, although actual protocol revenue is only ~$25.5M because a large part of fees goes back to creators, liquidity and buybacks.
So imo, launchpad wars are no longer just about who can launch the most tokens.
The real game is becoming:
Users → Volume → Revenue → Token value capture
https://t.co/E9MbGf1RPl still has the strongest moat and distribution.
But if StonkFun can keep this revenue level, I think the current valuation gap between $STONK and $PUMP is definitely worth watching.
I’m watching $STONK, $PUMP and $PONS closely here. > 引用 @Okada_DeFi0x: It looks like @TradePools is slowly losing momentum in the Robinhood Chain launchpad war.
I had much higher expectations when @Uniswap entered this market, but the current numbers are pretty disappointing.
Looking at new tokens created in the last 24h:
– @flapdotsh: 6,015 – @ponsdotfamily: 4,169 – @TradePools: only 1,968
But launch count isn't even my biggest concern.
When I check all tokens launched on TradePools, $FRONG is basically the only one currently above $1M FDV in the screenshot.
That's the part I don't like.
A good launchpad shouldn't just make it easy to create thousands of tokens. It needs distribution, liquidity and enough attention to help some of those launches actually survive.
TradePools had one of the strongest advantages possible: @Uniswap distribution + Robinhood Chain momentum.
Yet right now I don't see that advantage translating into many meaningful winners.
So my question is: what is the Uniswap team actually planning for TradePools?
Are they going to push distribution, incentives and better discovery for projects launching there?
Or is this simply another token factory where most of the value comes from constant new launches and trading fees?
I still hold $FRONG, but as someone following this ecosystem closely, I expected much more from TradePools. https://x.com/Okada_DeFi0x/status/2103046585978663353