Sonic @SonicLabs Sonic Labs: US Expansion, Institutional Access, and Ecosystem Capital Formation Sonic's new focus on expanding into the US market is about converting initial market share into legitimate institutional adoption in the world's largest economy. This strategy is defined by a combination of capital access, governance structures, and application layer execution. ETFs and Nasdaq DAT create two complementary means: one expands the distribution and liquidity of $S, while the other enhances the holding, placement, and governance of treasury assets in a way recognized by institutions, providing deeper alignment. Similarly, Sonic USA responds quickly and professionally, with Innovator Fund and Spawn converting resources into launched products. At the protocol level, Sonic continues to differentiate through a builder-first economy. The FeeM framework, account abstraction, and gas subsidy model support developers by converting network usage into direct application revenue. Adjustments in tokenomics that increase the burn rate for non-FeeM transactions and allocate most fees to builders reinforce this design, creating a path toward a more deflationary and demand-driven asset. The combination of institutional distribution and sustainable builder incentives forms the core of Sonic's long-term positioning. Application growth is the final component of the strategy. Innovator Fund and Spawn reduce development costs, shorten time to market, and expand a viable product pool that can leverage Sonic's economy. By supporting trusted projects and providing low-code onboarding, Sonic ensures a reliable pipeline of usable applications that align with capital formation. If Sonic can align these elements, it can establish itself as one of the first high-performance layer 1 networks that is both developer-friendly and institutionally accessible. The US program is not a departure from Sonic's core design philosophy but an expansion of it: replacing short-term inflows with structural and rules-based demand while ensuring that value continues to accrue to builders and applications.