Sonic Labs, under new CEO Mitchell Demeter, is prioritizing sustainable growth by enhancing tokenomics, boosting developer rewards, and ensuring network stability through fee burns and global expansion, moving away from speculative hype toward fundamental value creation in the EVM-compatible blockchain space.
Sonic Labs shifts to long-term fundamentals under CEO Mitchell Demeter, emphasizing ecosystem growth and operational efficiency.
Updated tokenomics include 15-90% fee shares for developers, fixed validator rewards, and deflationary burns to support token value.
Sonic’s TVL stands at $126.65 million with $14.71 million in 24-hour DEX volume, reflecting steady activity despite recent declines from a $1 billion peak earlier in 2025.
Sonic Labs CEO Mitchell Demeter unveils strategy for sustainable blockchain growth, stronger tokenomics, and ecosystem expansion. Discover how fee shares and burns drive long-term value. Stay informed on crypto innovations today.
What is Sonic Labs’ strategy under CEO Mitchell Demeter?
Sonic Labs’ strategy under CEO Mitchell Demeter centers on building sustainable growth through enhanced fundamentals, clearer economics, and consistent delivery in the blockchain sector. Appointed six weeks ago, Demeter has guided the EVM-compatible platform—formerly known as Fantom—toward long-term network stability and real value creation for builders, validators, and tokenholders. This approach includes refining tokenomics with developer fee rewards and deflationary mechanisms to foster a healthier ecosystem.
How does Sonic Labs’ new tokenomics model work?
Sonic Labs’ updated tokenomics model allocates 15% to 90% of network fees to developers based on activity, with 10% directed to validators as fixed rewards, and the remainder burned to reduce circulating supply and promote deflation. This structure, announced in the November 11 update, aims to incentivize participation and long-term holding. According to data from DeFiLlama, these changes support Sonic’s current TVL of $126.65 million and $14.71 million in daily DEX volume. Expert analysts, such as those from the community, note that the fee burns could positively impact future token value by addressing supply pressures. The model builds on Sonic’s rebranding from Fantom in December 2024, which included a 1:1 token swap and upgrades to over 370,000 TPS with sub-second finality.
Frequently Asked Questions
What changes has Mitchell Demeter implemented at Sonic Labs since becoming CEO?
Mitchell Demeter, who assumed the CEO role at Sonic Labs six weeks prior to the November 11 announcement, has shifted the focus to execution by engaging partners, expanding the team, and prioritizing foundational improvements. This includes intentional reductions in public communication to ensure progress before updates, emphasizing measurable results over speculation, all while maintaining a healthy treasury for confident operations.
How will Sonic Labs expand its ecosystem globally?
Sonic Labs plans to broaden its reach by enhancing developer tools, forging institutional partnerships, and establishing a New York office for closer industry ties. Additionally, the GMSonic platform will evolve into an educational hub for updates and resources, promoting broader engagement and adoption in the international blockchain community through targeted marketing and outreach efforts.
Key Takeaways
- Focus on Fundamentals: Sonic Labs under Demeter prioritizes long-term stability over short-term hype, with strong treasury support enabling strategic initiatives.
- Tokenomics Enhancements: Fee-sharing rewards developers up to 90%, validators receive fixed incentives, and burns create deflationary pressure to bolster token value.
- Ecosystem Growth: Plans include global expansion, better tools, and educational resources via GMSonic to drive adoption and community alignment.
Conclusion
Sonic Labs under CEO Mitchell Demeter is forging a path toward sustainable blockchain development, integrating stronger tokenomics and ecosystem expansion to deliver enduring value in the EVM-compatible space. With steady performance metrics like $126.65 million TVL and proactive measures such as fee burns, the platform positions itself for resilience amid market maturation. As the industry evolves, stakeholders can anticipate disciplined progress that aligns builders, validators, and investors for lasting impact—explore these developments to inform your crypto strategy.
Sonic Labs begins a new chapter under CEO Mitchell Demeter, focusing on sustainable growth, stronger tokenomics, and long-term network stability.
Key Highlights
- Sonic Labs, under CEO Mitchell Demeter, shifts focus from hype to fundamentals, aiming for long-term growth, stronger tokenomics, and steady ecosystem development.
- Developers earn from network activity, validators receive fixed rewards, and token burns reduce supply, reflecting Sonic’s updated fee-sharing and deflationary model.
- Sonic plans global expansion, improved developer tools, and an educational hub via GMSonic, signaling a strategic push toward sustainability and broader industry engagement.
The EVM-compatible blockchain platform, Sonic (formerly Fantom), has entered a new chapter under its new CEO, Mitchell Demeter. In an update shared on November 11 via the company’s official X account, Demeter revealed plans to focus on long-term growth and real value creation.
The move will see Sonic strengthen its core blockchain operations, grow its ecosystem, and improve how the company runs day to day. Demeter, who stepped into the role six weeks ago, emphasized that Sonic’s next chapter is not about chasing hype but delivering measurable results.
“It’s been six weeks since I stepped into the role of CEO at Sonic Labs,” he said. “We’ve now shifted into execution, engaging new partners, expanding our team, and accelerating initiatives that strengthen Sonic’s foundation and drive real growth.”
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Sonic’s next phase is here.
Stronger fundamentals. Clear communication. Shared growth. @MitchellDemeter shares what’s ahead for the Sonic ecosystem in his first CEO update. https://t.co/ZjL4gWGYlI
— Sonic (@SonicLabs) November 11, 2025
A shift from hype to fundamentals
Demeter’s approach signals a maturing phase for Sonic Labs. The company plans to transform its proven high-speed blockchain into a long-term value engine for builders, validators, and tokenholders. He stressed that Sonic’s treasury remains healthy with no liquidity concerns, allowing the firm to execute plans with confidence and focus.
“This industry is maturing,” Demeter stated. “The last cycle was driven by speculation. This cycle will be driven by fundamentals, clear economics, and consistent delivery.”
The CEO highlighted that while communication had slowed since his appointment, it was intentional. The team wanted to prioritize progress before public statements. “Meaningful communication comes from meaningful progress,” he said, reinforcing his commitment to execution first.
Price, performance, and purpose
Demeter addressed one of the most sensitive topics in crypto—price. “Do we care about the price of Sonic? The answer is simple: yes, we do,” he said. According to him, price reflects market confidence and the success of the team’s execution.
“Validators care about price. Builders care about price. Tokenholders care about price. And Sonic Labs cares about price,” he affirmed. A strong price, he noted, helps attract talent, supports innovation, and reflects the health of the ecosystem. However, he stressed that price should be an outcome of consistent delivery, not a short-term goal.
Running Sonic like a modern business
Sonic Labs aims to function like a modern infrastructure company rather than an application studio or venture fund. The focus is on real value creation through developer engagement, institutional adoption, and a sustainable on-chain economy.
Launched in December 2024, Sonic was rebranded from Fantom, shifting from its original identity to a layer-1 blockchain now capable of handling over 370,000 transactions per second (TPS) with sub-second finality, up from its earlier 10,000 TPS. The process began in August 2024 under Michael Kong and Andre Cronje, with a 1:1 FTM-to-S token swap finalized by Binance in January 2025.
The new developments also introduced changes like a 90% fee reward structure for developers and liquid staking, reflecting an attempt to adjust its approach. This rebranding reflects a move toward an EVM-compatible system, though it remains to be seen how it will fare against established networks like Ethereum and Solana.
On the Sonic network, developers will earn based on network activity, and validators will get set rewards. Tokenholders will also see effects from token burns linked to overall usage. To back this structure, Sonic is focusing on marketing, partnerships, and institutional outreach. The company also plans to open a New York office to build closer ties with industry partners.
Strengthening tokenomics and ecosystem expansion
A significant part of Sonic’s updated plan is adjusting how fees are shared on the network. Under the new system, builders will receive between 15% and 90% of collected fees, validators will get 10%, and the remaining portion will be permanently removed from circulation to reduce token supply
Community voices responded positively. Analyst ‘zethesx’ commented, “A new FeeM structure? The myth of 90% of the fees going back to builders is going to have an adjustment. SonicLabs’ effort to make $S deflationary by burning a part of the fees will have a positive impact on the future.”
Another community member, Route2FI, noted, “Seeing some positive changes from the new CEO here who states that the price of $S matters, and that they will work on that.”
Meanwhile, data from DeFiLlama shows Sonic’s Total Value Locked (TVL) stands at $126.65 million, down 4.54% in 24 hours. Earlier in May 2025, Sonic’s TVL surpassed $1 billion, reflecting strong early momentum before gradually declining through mid-year. Despite this pullback, activity remains steady, with a 24-hour DEX trading volume of $14.71 million and perpetual volume of $1.77 million.
Source: DefiLlama
As per the data, Sonic’s token is currently priced at about $0.14, giving the project a market value of roughly $538 million. Its total potential value, if all tokens were in circulation, would be around $552 million. The team has also raised $10 million in funding, providing enough resources to support its ongoing development.
Looking forward
Sonic Labs plans to expand its network by improving developer tools, building institutional partnerships, and broadening its international presence. The company also intends to develop GMSonic into a platform focused on education and industry updates.
Demeter concluded confidently, “The foundation is set, and momentum is building. This next chapter will take discipline and time, but with our community, builders, and investors aligned, I’m confident we’ll build something lasting.”
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