George City, Cayman Islands, September twenty ninth, 2025, Chainwire
Sonic Labs, the group behind the highest-performing EVM blockchain Sonic, is happy to announce the appointment of Mitchell Demeter as its new Chief Govt Officer. Demeter, a pioneer in digital belongings and seasoned entrepreneur, will lead Sonic Labs in its subsequent section of worldwide development, accelerating the adoption of Sonic as one of many world’s main blockchains. His mandate consists of increasing developer and ecosystem adoption worldwide, strengthening institutional relationships, and constructing bridges into U.S. and international capital markets as a part of Sonic’s broader mission to redefine the way forward for finance.
Because the launch of the Sonic community in December 2024, the group has achieved many milestones, together with having a confirmed mainnet that may affirm as much as 400,000 transactions per second with affirmation occasions persistently below 1 second, coupled with successes such because the Coinbase itemizing for S, native issuance of USDC, integration of Chainlink’s CCIP, and plenty of others.
Nevertheless, what’s lacking are sturdy institutional connections within the U.S. and elsewhere backing the Sonic community and its ecosystem initiatives. This can be a vital part—coupled with nice know-how, enterprise features, and trade listings—that may take Sonic to the following degree. Beneath Demeter’s management, Sonic Labs will likely be assembling a powerful govt group round him, bringing in confirmed operators with deep expertise throughout each conventional finance and crypto to enhance the inspiration’s know-how strengths. Sonic Labs is increasing its enterprise improvement efforts in the US and globally, actively recruiting and hiring leaders to deepen institutional relationships and construct lasting partnerships with main U.S. and international traders and enterprises alike.
This transition is coming at a pivotal second. Trade leaders have forecast that throughout the subsequent decade, as a lot as 10% of worldwide GDP could possibly be transacted on blockchain rails, representing over $10 trillion in on-chain financial exercise. Sonic is uniquely positioned to seize this development, combining unmatched velocity and scalability with developer and institutional incentive fashions designed for mass adoption.
Demeter mentioned he has at all times believed blockchain would essentially reshape international markets, however that success now is determined by constructing the best bridges between decentralized innovation and institutional frameworks. “Sonic’s know-how is unmatched in velocity and scalability, and our mission is to convey that efficiency straight into institutional finance and international markets,” he defined. He continued, “Our mission isn’t just adoption, it’s to make Sonic indispensable to the way forward for international finance. Which means scaling our enterprise improvement and partnership efforts with giant, well-known U.S. and international entities, and supporting lighthouse purposes by strategic partnerships that may function proof factors for your entire trade. The world’s monetary infrastructure is shifting on-chain, and Sonic intends to be on the very heart of that transition.”
Beneath his management, Sonic will proceed to broaden its presence amongst institutional traders and builders alike, bridging international markets with out dropping sight of its decentralized roots.
Michael Kong, who has guided Sonic Labs (and beforehand Fantom) to this stage, will proceed serving on the Board of Administrators and tackle the function of Chief Data Officer, remaining actively concerned within the firm’s management. Michael has been central to the evolution of Fantom, now Sonic, since 2018, and can stay absolutely engaged in guiding and supporting Demeter as he leads the community into its subsequent section of development.
Kong famous that he has watched Demeter bridge public markets with blockchain for greater than a decade and believes that is the best second for his management. “Mitchell’s in depth community and trusted relationships throughout the blockchain ecosystem, conventional finance, and past will likely be crucial in driving the partnerships and real-world purposes that may take Sonic to the following degree. Myself and your entire Sonic Board of Administrators are absolutely dedicated to supporting him in reaching this imaginative and prescient.”
About Mitchell Demeter
Mitchell Demeter is widely known as a pioneer within the blockchain trade. He launched the world’s first Bitcoin ATM in Vancouver and co-founded Cointrader Change, certainly one of Canada’s earliest digital foreign money buying and selling platforms. Over time, his work has been featured in Forbes, Time, Quick Firm, Wired, Huffington Put up, and different main shops.
As a serial entrepreneur and investor, Demeter has based and scaled a number of ventures throughout industries, persistently demonstrating a capability to anticipate market shifts and ship modern options. As a part of this transition, he’ll step again from his function as CEO of SonicStrategy and assume the place of Govt Chair, the place he’ll proceed to supply management on technique and capital markets improvement. This transfer permits Demeter to shift his major focus and a focus to main as CEO of Sonic Labs, whereas nonetheless supporting SonicStrategy’s ongoing development.
Demeter brings in depth capital markets and enterprise improvement expertise, serving to organizations navigate the intersection of blockchain innovation and institutional finance.
About Sonic
Sonic is the highest-performing EVM blockchain constructed for the way forward for finance. The community achieves sub-second finality and ultra-high throughput, delivering institutional-grade settlement velocity for buying and selling, real-world belongings, and next-generation DeFi.
On the coronary heart of Sonic’s developer incentive mannequin is Price Monetization, a system that lets builders earn 90% of the community charges generated by their apps. Impressed by Web2 ad-revenue sharing fashions, Price Monetization rewards builders for driving utilization, development, and actual exercise.
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