
DeFi2 min read
Arc hits nine figures in TVL on day one!
Circle's Arc blockchain went live on Wednesday, September 16, 2026, putting block production in the hands of some of the biggest names in traditional finance. The launch generated immediate b
A Narrow Lead in the Launchpad Fee Race @LaunchOnSF has edged past @ponsdotfamily in 24-hour fee generation, recording $665,331 against Pons' $656,127. The margin is slim, but the direction o

@LaunchOnSF has edged past @ponsdotfamily in 24-hour fee generation, recording $665,331 against Pons' $656,127. The margin is slim, but the direction of travel matters. StonkFun's $STONK token overtook $PONS in daily protocol revenue barely five weeks after the Solana platform went live. That speed of ascent underlines how quickly retail capital can rotate toward whichever platform is generating the strongest momentum at any given moment.
StonkFun collects a 1% platform fee on every trade against the Raydium LaunchLab bonding curves it configures, along with creator fees and a share of liquidity provider earnings. Approximately 60% of platform revenue is used to buy $STONK on the open market and burn it. Pons runs a comparable model on Robinhood Chain: every trade on a launched token incurs a 1% fee, with 70% going to the token's creator and 30% to the Pons protocol, of which 80% is automatically used to buy back and burn $PONS tokens from the open market.
$STONK is the token of StonkFun, a Solana launchpad for memecoins paired against tokenized stocks, while $PONS is the token of Pons, the dominant launchpad on Robinhood Chain. Both platforms have built their identities around the same emerging meta: stock-paired tokens that blend retail investor culture with on-chain speculation.
Both platforms print more daily revenue than Pump.fun, both burn supply at a pace crypto has rarely seen, and both ride the same tokenized-stock wave. Pons has been the more established name, previously generating headline numbers at scale. Pons generated about $5.95 million in fees over 24 hours at its peak, ranking fourth among services tracked by DefiLlama and surpassing the Robinhood Chain on which it operates. StonkFun has closed that gap rapidly, with StonkFun generating about $1.84 million of protocol revenue over a prior 24-hour period, ranking third among DeFiLlama-tracked protocols behind Tether and Circle, as a point-in-time snapshot of activity.
The latest daily figures, with Stonk at $665,331 and Pons at $656,127, reflect a more compressed competitive environment. The day either platform's daily fees roll over is the day its token loses the narrative. Until then, this remains one of the few corners of the market where the fundamentals update every 24 hours, in public, on-chain.
SourcesStonkFun Fees and Revenue: DefiLlamaPons Fees and Revenue: DefiLlamaStonkFun Overtakes Pons in Revenue: AMBCrypto