Catenaa, Wednesday, October 08, 2025-Sonic Labs, the developer of the high-performance EVM blockchain Sonic, appointed Mitchell Demeter as its new Chief Executive Officer.
Demeter, a veteran entrepreneur in digital assets, will lead global expansion, strengthen institutional partnerships, and advance Sonic’s adoption in US and international capital markets.
Since Sonic’s mainnet launch in December 2024, the network has achieved up to 400,000 transactions per second with sub-second confirmation times.
Key milestones include a Coinbase listing for S, native USDC issuance, and integration of Chainlink’s CCIP. Sonic Labs plans to enhance institutional engagement under Demeter, assembling executives with expertise in traditional finance and crypto to support business development and ecosystem growth.
Industry forecasts suggest blockchain could handle as much as 10% of global GDP in the next decade, representing over $10 trillion in on-chain economic activity.
Demeter emphasized bridging decentralized innovation with institutional frameworks, stating Sonic’s technology can bring speed and scalability to global finance.
He aims to support lighthouse applications and strategic partnerships as proof points for widespread adoption.
Michael Kong, Sonic Labs’ Board member and former Fantom executive, will become Chief Information Officer while remaining actively involved.
Kong highlighted Demeter’s network and experience as critical to Sonic’s next growth phase, endorsing his leadership in driving adoption and real-world applications.
Demeter, a pioneer in blockchain who co-founded Cointrader Exchange and launched the world’s first Bitcoin ATM in Vancouver, will transition from CEO of SonicStrategy to Executive Chair to focus on Sonic Labs.
Sonic continues to offer institutional-grade settlement, developer incentives, and a Fee Monetization model that rewards app creators with 90% of network fees.
