Robinhood Chain's PAIR Token Surges Over 3x Today, Market Cap Exceeds $50 Million

PANews, September 6 – According to Robinhood's Chinese website, the third-party permissionless token issuance platform PAIR has achieved approximately a threefold increase on the Robinhood Chain. Its core selling point is that new tokens are paired for trading with 1–5 on-chain tokenized U.S. stocks or ETFs from the block of their creation, rather than being paired with gas tokens like ETH. Approximately 90% of protocol-level fees are used to buy back and burn $PAIR, with a transaction fee of about 1%, of which roughly 70% is allocated to creators and 30% to the protocol. Buy limits and single-wallet holding caps are set for the first block and the subsequent 5 blocks after launch, but selling is unrestricted. Official data shows that 101,813,278.68 PAIR have been "burned," worth approximately $3.57 million at the time, accounting for about 10.2% of the total supply.

On-chain data shows that PAIR's total market cap has just exceeded $50 million.