Cryptocurrencies started the week on a bullish note, with Bitcoin leading the rebound . As the market starts to turn green ahead of anticipated “Uptober” rallies, Sonic Labs has signalled plans to expand from a high-performance blockchain into a serious contender within the global finance space. According to Monday’s press release , Sonic Labs named Mitchell Demeter as the new leader. Sonic @SonicLabs · Follow We’re pleased to announce @MitchellDemeter as the new Chief Executive Officer of Sonic Labs.Demeter, a pioneer in digital assets and entrepreneurship, will lead Sonic in its next phase of global growth:– Expanding ecosystem adoption– Strengthening institutional ties– 7:45 am · 29 Sept 2025 359 Reply Copy link Read 50 replies Sonic has gained traction as a top-performing Ethereum-based L1 combining incentives, speed, and innovative infrastructure to power DeFi apps. Meanwhile, the next stage focuses on institutional ties and positioning the project as a legitimate player in international finance. Demeter is an entrepreneur and blockchain pioneer known for bridging traditional markets and decentralised technology. His goal is to accelerate Sonic’s expansion globally by scaling adoption among institutions, investors, and developers. Commenting on the leadership shakeout, the new CEO said: Our mission is not just adoption, it’s to make Sonic indispensable to the future of global finance. That means scaling our business development and partnership efforts with large, well-known US and global entities, and supporting lighthouse applications through strategic partnerships that will serve as proof points for the entire industry. Sonic turns to institutional bridges after tech win Sonic has attained multiple achievements that make it a top-tier blockchain since its December 2024 mainnet launch. Currently, it can process 400,000 TPS (transactions per second) with confirmations consistently in less than a second. Also, the project has deepened its ties within the crypto sector. These include Sonic’s native coin, $S, listing on Coinbase, issuance of Circle’s USDC, and integrating Chainlink’s CCIP. What’s next now? Besides technological advancements, Sonic’s team recognises that massive institutional support is essential for global expansion. That’s why the L1 appointed an experienced CEO. The press release added: This is a necessary component, coupled with great technology, business functions, and exchange listings, that will take Sonic to the next level. Singapore Summit highlights leadership transition The CEO notice came as Sonic starts its two-day Summit in Singapore (September 29 – 30). Sonic @SonicLabs · Follow Get ready for two days filled with keynotes, panels, and more at Summit.🗓️ Sep 29–30📍 Pan Pacific OrchardExplore the agenda:📝 summit.soniclabs.com/agenda 3:40 pm · 28 Sept 2025 272 Reply Copy link Read 25 replies The community expects massive announcements from the event, which features panels, networking sessions, and keynotes that promote the Sonic ecosystem and attract new investors, partners, and developers. The leadership transition signals a project ready for the next chapter of growth. $S price outlook Sonic’s native token maintained a bullish structure amid the key developments. It has gained over 3.70% on the daily chart to trade at $0.2420. Chart by CoinMarketCap While $S mirrors broad market sentiments, it remains poised for impressive performance amid the team’s effort to scale globally. The post Sonic Labs appoints new CEO to drive global growth and institutional expansion appeared first on Invezz
