Sonic Labs has appointed Mitchell Demeter as its new CEO, aiming to spearhead global growth and institutional expansion. Demeter, known for his pioneering work in blockchain, will focus on increasing developer and ecosystem adoption, enhancing institutional ties, and facilitating access to U.S. and global capital markets. Since its launch in December 2024, the Sonic network has achieved significant milestones, including a mainnet capable of 400,000 transactions per second, a Coinbase listing, and USDC native issuance. Demeter's leadership will also involve assembling a management team with expertise in both traditional finance and cryptocurrency to bolster Sonic's technical capabilities. Michael Kong, who previously led Sonic Labs, will continue to contribute as a board member and Chief Investment Officer.