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sonaali
$PONS: The hype is cooling.
PONS saw fees explode to ~$11M/day in early September, but activity has since normalized. By late September, daily fees settled around $1.5–2.5M, while protocol revenue fell to roughly $200K–$300K/day.
The buyback-and-burn model remains interesting, but the explosive growth phase has clearly cooled. Now the key question is whether steady usage can sustain the flywheel.
#PONS #Crypto #DeFi#USTreasuryYieldsClimb #FirstNEARSpotETFInUS #StrategyBuys1665BTC
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