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Circlo Docs

Paired Markets

The paired markets layer is what makes Circlo different. It surfaces the markets formed around tokenized stocks: pools where one side is a tokenized equity and the other is any other token.

Why Pons v2 matters

Section titled “Why Pons v2 matters”

Pons is the leading launchpad on Robinhood Chain. Its v2 release (August 2026) integrated Uniswap v4 and let launched tokens graduate into pools paired directly against tokenized stocks — NVDA, AAPL, GME, SGOV, and more — instead of only ETH. Memecoins paired against tokenized equities have since become the chain’s defining trade.

Circlo uses Pons v2 pairing activity as the primary signal for which tokenized stocks matter, then indexes stock-paired pools across all venues.

Methodology

Section titled “Methodology”

Every refresh cycle:

  1. Pull the top Pons v2 pools by 24-hour volume.
  2. Pull every indexed pool for each of the 20 tracked stocks.
  3. Keep pools where one side is a tracked tokenized stock and 24-hour volume is greater than zero.
  4. Rank by 24-hour volume and keep the top 150.

Each pair records: venue (Pons v2, Uniswap v3/v4, Bankr, …), liquidity, 24-hour volume, 24-hour trade count, fee tier when the venue exposes it, and pool creation date.

Reading a pair

Section titled “Reading a pair”

NVDA / cyberbeer on Pons v2 means the launched token cyberbeer trades against tokenized NVIDIA. The tokenized stock is always the anchor side in Circlo’s display, regardless of on-chain base/quote ordering.