Uniswap Labs Invests in PONS as Token Hits Record High

Uniswap Labs has officially purchased a stake in the PONS protocol. The project announced the deal on September 4, noting that it creates a long term partnership between the two entities. While the exact financial terms remain private, the market reacted immediately to the news of the investment.

PONS saw its price climb by 40 percent over the last 24 hours, hitting a record high of $0.75 earlier today. The token has experienced a massive surge recently, rising over 2,700 percent during the past month. Trading volume has also increased significantly, reaching more than 150 million dollars in the last day alone.

The project is gaining traction due to its deflationary model, which burns tokens using 80 percent of its protocol fees. Recent growth is also tied to the platform adding several tokenized stock pairs. Data shows that PONS processed more than 63 percent of the total volume on the Robinhood Chain launchpad over the last day. Traders are now watching to see if this momentum holds as the project continues its rapid expansion.