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ETH $2,504.83 +0.52%
BNB $746.94 -0.60%
XRP $1.41 -0.50%
SOL $105.17 -0.87%
TRX $0.3353 +0.08%
DOGE $0.0910 +1.94%
ADA $0.2234 +2.41%
BCH $261.23 +1.12%
LINK $13.23 +7.86%
HYPE $87.72 -1.05%
AAVE $133.80 -1.00%
SUI $0.8313 +4.65%
XLM $0.1937 +4.51%
ZEC $1,186.32 +0.11%

Sonic Labs Co-founder: Sonic spent 35.6 million dollars last year on R&D, ecology, legal matters, infrastructure, and other purposes

2024-10-23 12:03:13

ChainCatcher message, Sonic Labs (formerly Fantom) co-founder Andre Cronje stated: "The real cost of running a blockchain (even a semi-successful one) for all L2s or application chains is as follows: the upfront cost for oracles and stablecoins is $7.5 million, with an annual cost of $3.5 million; the upfront cost for RPC, indexing, and dashboards is $200,000, with an annual cost of $700,000; VRF, Keepers, wallet support, and governance cost $500,000 annually; explorers, custody, and risk management cost $800,000 annually, totaling $13.2 million. The above applies only to Sonic.

Here is our cost situation from last year: R&D $10.9 million; ecosystem $10.7 million; legal $410,000; compliance $3.8 million; infrastructure $2.4 million; marketing $1.4 million; bounties $1.2 million; sponsorship $400,000; media $350,000; regulation $200,000; events $100,000; total cost $35.6 million. (The above does not include exchange listings, fortunately, we do not need to do this this year.)"

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