PANews reported on February 21 that Sonic Labs released its first ecosystem update for 2026, disclosing progress on management changes, funding status, and product roadmap.
Regarding management, Mitchell Demeter has stepped down, and Evan Owens, the Director of Business Development, has also left the company. Currently, the board of directors is temporarily managing operations and is searching for a new CEO. The company states that Sonic's risk-free investment has been de-stressed, the tokens have been fully diluted, and the development fund maintains long-term operational capabilities through diversified allocations (S tokens, stablecoins, government bonds, digital assets, real estate, and equity investments).
In terms of strategic allocation, Sonic Strategy holds 126,622,348.845 S tokens (from governance grants). These assets are managed using 4/6 multisignature and are subject to legal agreements, prohibiting their sale or use for liquidity staking. They serve solely as backing assets for mNAV.
At the product level, the AI smart contract generation tool Spawn is currently in the internal testing phase and can generate and deploy contracts through natural language; the Fee Monetization (FeeM) mechanism has allocated more than 2.6 million S tokens to developers, and the team is evaluating shifting from the current 90% fee return mechanism to a tiered structure to optimize the long-term economic model.
In terms of ecosystem support, the Innovator Fund and Sonic Wave plan to continue funding projects with sustainable business models and strengthen the "vertical integration" framework, requiring funded applications to enhance the S token economic model through token burning and protocol-level value return mechanisms.
Regarding community activities, the Meme Season incentive program has been suspended indefinitely, and the Sonic & Sodas project has ended. In the future, the focus will be on developer education and global events with greater potential for scaling.
Sonic stated that in 2026, it will focus on advancing infrastructure construction and optimizing the economic model. Subsequent updates will cover governance improvements, validator staking adjustments, and technology roadmaps.
