**[Robinhood Chain Funds Shift Towards "Utility" Tokens, PONS and INDEX Market Caps Both Surpass $10 Million]** BlockBeats News, July 15: According to monitoring by GMGN, funds within the Robinhood Chain ecosystem have today begun rotating from pure meme tokens to projects featuring platform revenue, buyback and burn mechanisms, and RWA (Real-World Asset) distribution. Both PONS and INDEX have seen 24-hour trading volumes exceed $14 million, with market caps surpassing $10 million. Specific performance details are as follows: **PONS:** - Market cap: $14.8 million, 24-hour increase of 1,500%, with a trading volume of approximately $14.2 million during the same period. - PONS is the platform token of Pons, the native token issuance platform on Robinhood Chain. The platform supports the creation and issuance of fixed-supply tokens, with WETH fees collected used to buy back PONS, and PONS fees collected directly burned. Some community members view it as the "pump.fun" of Robinhood Chain. **INDEX:** - Market cap: $16.3 million, 24-hour increase of 281%, with a trading volume of approximately $14.3 million during the same period. The market cap briefly touched $24.48 million before retreating about 33% from its peak. - The project mechanism allows "holding tokens to receive on-chain stocks." According to community disclosures, a 3% transaction tax is applied, which is used to purchase tokenized stocks on Robinhood Chain and distribute them to token holders. The rise may be linked to hitting the core RWA narrative of Robinhood Chain. *BlockBeats Note:* On-chain token trading is highly volatile, often driven by market sentiment and speculative concepts, with no intrinsic value or use case. Investors should be aware of the risks. [Original Link]