On Sept. 15, the big crypto market structure bill, the Clarity Act, failed to pass a procedural vote in the Senate. It probably won’t get another shot at passage this year.
But largely thanks to the new blockchain launched this summer by Robinhood Markets, there are a couple of altcoins positioned to keep growing rapidly regardless of the setback in Congress. Let’s take a look at both.
Image source: Getty Images.
This project has already burned nearly a third of its token supply
Pons (PONS -19.80%) is a crypto launchpad app that runs on the Robinhood Chain, meaning that it’s a service for creating new tokens.
So far, Pons has mostly been used to launch meme coins and other less-serious cryptocurrencies, some of which are paired with tokenized stocks (tokens that track a stock’s price). And in that vertical, it has been enormously popular despite only launching in mid-July. The average daily volume generated by the service’s more than 897,000 tokens is above $201.5 million.
Today’s Change
(-19.80%) $-0.10
Current Price
$0.42
Key Data Points
Market Cap
Day’s Range
$0.42 – $0.54
52wk Range
$0.42 – $0.97
Volume
44.9M
Through Oct. 2, that activity brought it $186.2 million in transaction fees. Of that sum, $20.1 million has been spent on buying back its own token and then burning it, shrinking its supply from 1 billion tokens to 681.6 million in just a few months.
With a rapidly constricting supply and incredible fee revenue right out of the gate, Pons is likely to be a strong performer for as long as the Robinhood Chain continues to grow, whether or not new crypto regulations are put in place.
Licensing revenue isn’t common in crypto, but it could be decisive for this coin
The Robinhood Chain licenses software from Arbitrum (ARB -3.33%), sending 10% of its net fees back to Arbitrum’s ecosystem.
And given that Robinhood’s Chain brought in $6.7 million in fees in August, followed by $35.8 million in fees in September, Arbitrum is now going to be collecting a lot of income, up to about $4.3 million from its 10% cut of those two months alone, for doing very little in the way of additional work.
Today’s Change
(-3.33%) $-0.01
Current Price
$0.20
Key Data Points
Market Cap
Day’s Range
$0.19 – $0.21
52wk Range
$0.07 – $0.46
Volume
194.5M
In 2025, its fee haul was $18.2 million. So even if Robinhood’s fee intake ends up tapering off its growth streak, the odds are very high that Arbitrum’s top line will grow substantially from here in both the short term and the long term.
Regarding its long-term prospects, 8% of Robinhood Chain’s net revenue is stored in the treasury of Arbitrum’s decentralized autonomous organization (DAO) for governance, where it can be distributed for investment into developing new technology or promoting the network’s ecosystem, and the other 2% funds a developer guild. Considering that prior investments into its tech led to better revenue today, further work to that end is all but certain to be underway.
And if Arbitrum opts to reroute some of that income to buying back its tokens or otherwise rewarding its holders, it’d be the icing on the cake.