Every new token trades against a tokenized stock instead of ETH: NVDA, HIMS, AMC, MU, gold. The stock side of the pool works as a price floor, and most trading fees go back into liquidity, not to the token's creator.

Long() ten weeks on Robinhood Chain: 58.7K launches, $1B+ in onchain volume, zero VC money. The flagship AI token, paired with NVDA, sits at $227M after dropping 93% in its first weeks.