BlockBeats News, July 15th, according to GMGN monitoring, the Robinhood Chain ecosystem fund today started rotating from pure Meme projects to projects with platform revenue, buyback and burn, and RWA distribution mechanisms. Both PONS and INDEX saw their 24-hour trading volume surpass $14 million, and their market capitalization exceeded tens of millions, with specific performances as follows:

PONS: The market cap is reported at $14.8 million, with a 1500% surge in the last 24 hours, with a trading volume of around $14.2 million during the same period.

- PONS is the platform token of Pons, the native issuance platform on the Robinhood Chain. The platform supports the creation and issuance of fixed supply tokens and uses the collected WETH fees to buy back PONS and directly burn the collected PONS fees. It is seen by some in the community as pump.fun on the Robinhood Chain.

INDEX: The market cap is reported at $16.3 million, with a 281% surge in the last 24 hours, and a trading volume of around $14.3 million during the same period; the market cap once reached $24.48 million, and has since retraced about 33% from its high.

- The project mechanism is "Hold to Earn Stock on Chain." According to the community, a 3% tax is levied on transactions, used to purchase tokenized stocks on the Robinhood Chain and distribute them to holders, driven by the Stock Tokens and RWA narrative.

BlockBeats Note: On-chain token trading experiences massive fluctuations, relying heavily on market sentiment and concept hype, with no real value or use case. Investors should be aware of the risks.