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Sonic Labs Pivots to Token-Centric Model With Fee Rewards and Burns, Plans New York Expansion

The company outlines a fundamentals-first roadmap that links network economics to real usage to drive durable adoption.

Overview

  • Sonic detailed a Fee Monetization design that allocates a fixed 10% of fees to validators and a variable 15%–90% to builders, with the remainder burned to support a deflationary S token.
  • The company says the new fee structure will be put to an on-chain governance vote before implementation.
  • U.S. growth plans include opening a New York City office and hiring across business development, marketing, and sales to deepen institutional outreach and policy engagement.
  • Roadmap priorities include adopting select EIPs, introducing Sonic Improvement Proposals, and pursuing interoperability and traditional-finance integrations, with ETF-related discussions described as exploratory.
  • Coverage cites a leadership update from the CEO, though outlets differ on the name, referring to either Mitchell Demeter or Michael Demeter.