Scan to Download
Search "Sonic Labs" has a total of7related results
Techub News, according to WuBlockchain, Sonic Labs stated that since March 1, the revenue generated by its vertical integration (VI) model is about 400% higher than the deflationary impact from fee burning. This data covers its early vertical integration operations, reflecting the effectiveness of this model in generating deflationary pressure. This move shows that Sonic is strengthening its token economic model by diversifying revenue sources.
Techub News reports that Sonic Labs has launched the native, permissionless dollar stablecoin USSD (US Sonic Dollar), built on Frax's GENIUS-compatible frxUSD infrastructure, combining on-chain permissionless features with institutional-grade asset backing from entities like BlackRock, Superstate, and WisdomTree. The stablecoin is now live on Sonic, supporting cross-chain minting from over 10 chains; reserve assets are backed 1:1 by dollar-denominated assets (including BlackRock's BUIDL, Superstate's USTB, and tokenized products like WisdomTree's). Users can mint USSD with zero fees at a 1:1 ratio by depositing assets such as USDC, USDT, and PYUSD via non-custodial smart contracts. The yield generated from USSD's underlying assets will flow back to the Sonic network to support buybacks and ecosystem incentives.
Techub News, Mitchell Demeter, CEO of Sonic Labs, posted on X that Sonic is currently well-funded with no liquidity concerns and possesses the resources required to execute its long-term plans. This phase of development will be driven by practical utility, clear economic benefits, and sustained delivery, rather than being speculation-oriented. Sonic will refine its tokenomics, striving to achieve deflation, and plans to launch a tiered fee monetization "FeeM" structure, with reward tiers ranging from 15%–90%, of which 10% is allocated to validators and the remainder is burned. The company will also establish an office in New York to strengthen the team and refocus on institutional partnerships and policy relations; subsequently, it will selectively adopt Ethereum Improvement Proposals centered around business value and introduce Sonic Improvement Proposals "SIPs".
Techub News, Sonic Labs has released its 2026 outlook report. The report shows that Sonic Labs CEO Mitchell Demeter and Business Development Director Evan Owens have left their positions. The leadership team is actively seeking a suitable successor for the CEO role. During this period, the board of directors will oversee operations and continue to provide ongoing support for the company.
Techub News reports that Sonic Labs has announced the launch of Spawn, an AI-driven Web3 application building platform. It supports generating, compiling, and deploying smart contracts through natural language, while automatically generating front-end interfaces and wallet integration features. Spawn can directly convert user-input English descriptions into production-level smart contracts, complete on-chain deployment, and generate a complete front-end interface, achieving full-stack abstraction from contract logic to UI and on-chain interactions. Users can engage in conversational iterative development through the built-in AI assistant, modify contract logic, front-end components, and deployment configurations, and deploy applications to the Sonic testnet.
Techub News reports that Sonic Labs has issued an announcement stating that in 2018, a Korean team initiated an ICO for Fantom but failed to deliver a fully functional product due to poor management, resulting in the depletion of substantial funds. Andre Cronje joined and restarted Fantom starting in June 2018. At the time of his involvement, the treasury held less than $5 million in non-FTM assets. Through early deployment in the DeFi sector, strict financial management, and strategic planning, these assets grew to nine figures between 2020 and 2021. Today, Sonic Labs' salaries, infrastructure, and operational expenses are all covered by the development fund. Andre Cronje has served in advisory and technical roles for approximately eight years and was not the original designer of the project's token economic model. The model was created by the initial Korean team in 2018 and later modified through on-chain governance. Andre does not unilaterally custody or control the Sonic development fund, nor has he ever abandoned Fantom/Sonic. There has been no misappropriation of funds, and the related allegations are entirely fabricated.
Techub News: Sonic Labs has appointed Mitchell Demeter as the new CEO, who will be responsible for expanding global developer and ecosystem adoption, strengthening institutional relationships, and building bridges with U.S. and global capital markets. Former CEO Michael Kong will continue to serve as a board member and assume the role of CIO, actively participating in the company's leadership. Sonic Labs stated that Mitchell Demeter previously launched the world's first Bitcoin ATM in Vancouver and co-founded Cointrader Exchange, one of Canada's earliest digital currency trading platforms.
Current search results fully loaded
