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Uniswap personally steps in as the “referee,” while the neighboring Pons loses half its value in a week There’s something quite surreal. Uniswap—the largest decentralized exchange in DeFi—has personally stepped in to become a launchpad. It’s called pools.trade, on the Robinhood Chain. Then three things happened: First, on the launch day, Uniswap V4 on the Robinhood Chain recorded $73.6 million in trading volume, surpassing Ethereum mainnet’s $47.2 million. Second, over 12,000 new tokens were deployed in a single day, exceeding the combined total of Flap and Pons. By issuance platform trading volume, pools.trade directly took 50% market share. Third, as of August 6, cumulative trading volume has exceeded $150 million. A launchpad, on its first day, broke the entire chain’s landscape. But the most striking part isn’t this. The most striking is—Pons, originally the largest launchpad on Robinhood Chain, dropped 49% in a week. All of Pons’ trades were originally settled in Uniswap’s pools. It was essentially a “major client” of Uniswap, contributing trading volume and fees. Then Uniswap said: Sorry, I’ll do it myself. Think about this move: the platform directly took down the ecosystem’s largest third-party application. This isn’t competition; this is the “referee stepping onto the field to play.” Why is pools.trade so powerful? Price. Pons charges 1% pool fees. pools.trade only charges 0.25%. A quarter. Even more ruthless—of that 0.25%, 0.05% goes to token creators, and 0.20% is automatically reinvested into permanently locked liquidity pools. The Uniswap team takes zero. In plain terms: you launch a token, I build the pool for you, all fees stay in the pool to nurture liquidity, and I do it for free. Hayden Adams put it more bluntly: other platforms charge 1% pool fees plus the buy-sell spread, effectively a 2% "harvesting tool." 0.25% vs. 1%, this isn’t a price war, it’s a price massacre. But here’s the problem— With such huge volume, why hasn’t UNI risen much? UNI rose from $3.5 in mid-July to a high of $4.7 on August 1, but after pools.trade launched, it actually pulled back and is now fluctuating around $4. Large whales bought 629,000 UNI at an average price of $3.34 between June and July, recently taking profits at $4.09. What is the market hesitating about? To be honest— The biggest issue with pools.trade right now isn’t a bad product, it’s that it hasn’t produced a high-market-cap Meme coin. Two days after launch, only two tokens have market caps over $1 million. FRONG has an $8.2 million market cap and $31.7 million 24-hour volume. Volume is large, but there’s no “benchmark.” Whether a launchpad succeeds isn’t about how many tokens it issues on day one, but whether it can produce a few projects that make everyone envious. Pump.fun can produce several 100x tokens a year, so people are willing to bet there. If pools.trade is just “cheap token launches,” it attracts only small-time grinders, not big gamblers. But from another perspective— Uniswap doing a launchpad, the real value isn’t in “token issuance” itself. It’s in the entry point. How did users use Uniswap before? They’d find projects on Twitter, buy tokens on third-party launchpads, then trade on Uniswap. Now? Open pools.trade, launch tokens, discover new tokens, trade—all on one page. Uniswap has transformed from a “trading backend” to a “token issuance gateway.” This shift is 100 times more important than collecting a few extra fee points. Whoever controls the token issuance gateway controls the asset issuance rights on this chain. Finally, some practical words— What’s the most important thing for a good launch platform? Not low fees, not a pretty UI. It’s whether the projects launching here can truly take off. Pump.fun succeeded because it really produced several 100x tokens. Users are willing to pay 1% fees because they’re betting on 100x returns. pools.trade’s 0.25% fee is very generous. But if it can’t produce benchmark projects, no fee, however low, can keep people. Uniswap has traffic, brand, and deep liquidity. Next, it comes down to one thing— Can pools.trade grow a few real “big winners”? If yes, UNI’s new narrative opens up. If not, it’s just a “cheap launchpad.” Uniswap has been a “water seller” for four years, finally starting its own mining. But whether there’s gold in the mine remains to be seen. $PUMP $SOL $UNI #Uniswap进军发射台，UNI能否打开新叙事？