Pons has already burned 33% of its tokens to date, which, at current prices, amounts to nearly $50 million (compared to nearly $330 million at its peak). The company is still buying back and burning more Pons on the open market, however, in the last seven days, it has bought back approximately $110,000 worth of tokens and burned about 677,000, a significantly slower pace (compared to the peak in September when daily buybacks were often in the millions of dollars). In the long run, the core variable remains fees. This is crucial to the sustainability of the burning; everything depends on on-chain transaction volume and fees. This is also why Pons is actively developing its stock token business. However, its current share is still very small (5% of transaction volume in the last seven days), and it's in its early stages. It remains to be seen whether Robinhood can scale it up. I'm curious what will happen when 50% of Pons is burned?