$PONS generated $1.34 million in revenue, bringing its annualized revenue to $201.96 million against a market cap of $434 million. The protocol holds $3.7 million in its growing buyback wallet, which is set to TWAP into $PONS on the open market. The author expresses a bullish sentiment, describing $PONS as a top 10 revenue-generating project in crypto and currently underrated.