Pons graduation rate: the short answer
The Pons graduation rate was about 1.1% in NAVI's on-chain count for 23 to 30 September 2026: 567 graduations against 51,046 Pons V2 launches. Graduation means a token's bonding curve reached its threshold, 4.2 ETH for ETH-quoted launches, and moved into a Uniswap v4 pool. That is close to the roughly 1% historically reported for pump.fun.
In the last 25 hours of the window, the rate was higher at about 1.5%. This is a one-off snapshot, not a running tracker.
Pons graduations, 23 to 30 September 2026
We counted two events on the Pons V2 factory contract (0x7ed598bcef8bd9edd8c97a195c6d13f40801ec7e) on Robinhood Chain: TokenLaunched for each new token and PoolGraduated for each graduation.
- Window: 7 days, 23 to 30 September 2026
- Launches: 51,046, about 7,300 a day on average
- Graduations: 567, about 81 a day
- Graduation rate: about 1.1% (567 / 51,046)
- Last 25 hours (29 to 30 September): 8,425 launches and 130 graduations, about 1.5%
Put the other way round, about 98.9% of Pons V2 launches that week did not graduate in the window.
Which quote assets the launches used
Pons V2 lets a creator price a token in ETH, USDG or a Robinhood Stock Token. Of the 51,046 launches in the window:
- ETH: 39,788 (78%)
- USDG: 3,856 (about 8%)
- NVDA Stock Token: 2,615 (about 5%)
- Other Stock Tokens and assets: the remaining 4,787 (about 9%)
The 4.2 ETH threshold applies only to ETH-quoted launches. Other quote assets use their own per-asset threshold, and our count treats every PoolGraduated event as a graduation whatever the quote asset.
Stock Tokens are information only on NAVI. NAVI never trades them and never routes a swap through one, so Pons curves priced in a Stock Token cannot be traded on NAVI.
How fast Pons tokens graduate
For timing we used the 540 tokens that both launched and graduated inside the window. The other 27 graduations were tokens launched before 23 September, so we could not time them from launch.
- Median time from launch to graduation: about 11 minutes
- Fastest quarter: graduated within about 40 seconds of launch
- Under 10 minutes: 264 tokens (49%)
- Within an hour: 415 tokens (77%)
So most tokens that graduate do it quickly, and a large share do it almost at once. The slow tail is small: fewer than a quarter of these graduations took longer than an hour.
What a fast graduation can signal
A curve that fills to 4.2 ETH in under a minute needs a lot of buying very quickly. Sometimes that is real demand from a community that was waiting for the launch. It can also come from coordinated buying, and that is worth checking before you buy.
Two known patterns produce very fast graduations:
- Bundles: many wallets, often funded from the same place, buying in the opening blocks. Wazz's investigation, reported by CryptoTimes, found one group sniped nearly all of its 53 launches for 70% or more of supply with bundles of 70 to 200 wallets
- Exemption lists: Pons V2 charges a 99% anti-bot tax at launch, but creators can exempt chosen wallets. In the same investigation, 15 to 25 exempt wallets per launch took 82% to 86% of supply in the opening transactions
A fast graduation is not proof of either, and we are not describing any specific token here. It is a reason to look at who bought first and how concentrated the holders are. GoPlus has also described a Robinhood Chain token factory that spread supply across fresh wallets with only 4 to 11 transactions each, per CryptoSlate.
Pons graduation vs pump.fun
pump.fun's graduation rate has historically been reported at around 1%, and Cryptopolitan reported a weekly peak of 1.15%. Our 1.1% for Pons sits in the same range.
The two numbers are not a strict like-for-like, because the trigger differs:
- Pons: graduates when the curve holds 4.2 ETH (ETH-quoted), then moves into a Uniswap v4 pool with the LP locked in the Pons launch locker
- pump.fun: graduates when the curve's real token reserves sell out, then migrates to PumpSwap with the LP tokens burnt, according to pump.fun's public docs
For volume context, DefiLlama listed Pons V2 at about $37M of 24-hour volume on 30 September 2026, out of about $1.64B for Robinhood Chain as a whole. Our Pons vs pump.fun post compares the two launchpads in full.
Method and limits
How we counted, and what the count does not tell you:
- V2 factory only: we counted TokenLaunched and PoolGraduated events on the Pons V2 factory (0x7ed598bcef8bd9edd8c97a195c6d13f40801ec7e). Tokens from Pons V1 are not counted
- One week: 23 to 30 September 2026. A different week could give a different rate
- Graduation is not survival: a graduated token can still fall to zero after graduation. The locked LP stops the creator pulling liquidity, but it does not stop large holders selling into the pool
- Fast graduations may reflect bundled buying: a quick graduation can come from a small group buying through many wallets rather than broad demand
- Mixed quote assets: non-ETH launches graduate at their own per-asset threshold, not 4.2 ETH
- Other launchpads excluded: Robinhood Chain has other launchpads, and this count covers Pons V2 only
You can check the factory events yourself on the Robinhood Chain block explorer.
Where NAVI fits
NAVI is independent, non-custodial and not affiliated with Pons, pump.fun or Robinhood. On Solana today you can follow a token through its lifecycle with the pump.fun token analysis (bonding status and charts) and our guide to tracking a pump.fun token's lifecycle, then run a rug check before you trade.
Follow live launches in new Pons launches. For Pons tokens, NAVI's Robinhood Chain token scanner shows curve progress to 4.2 ETH, or the pool a token graduated into, alongside holder concentration and a Low, Medium or High risk level.
Pons is not available in the UK or in OFAC-sanctioned jurisdictions, and pump.fun is also unavailable in the UK. Do not try to get around either block.
Also on NAVI: the Pons launchpad page for bonding status and curve progress, the honeypot checker for a standalone sell test and token analytics for charts, pools and holders.
For fresh Robinhood Chain data, see how many Pons launches survive and Robinhood Chain volume and fees.
Trading Solana as well? See how to spot Solana rug pulls and the memecoin risk checklist.
Trading on NAVI is not available in every region. Pons curve trading is not offered to users in the United Kingdom, Stock Tokens are information only on NAVI, and you should never use a VPN to get around a regional block.
Not financial advice. Most launches go to zero. Only trade what you can afford to lose.