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ETH $1,877.44 -0.51%
BNB $606.23 -0.72%
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SOL $75.12 -1.29%
TRX $0.3323 -0.46%
DOGE $0.0696 -0.64%
ADA $0.1789 -1.51%
BCH $203.59 -1.06%
LINK $8.93 +0.73%
HYPE $55.71 -2.98%
AAVE $85.52 -3.28%
SUI $0.6760 -1.54%
XLM $0.1585 -0.57%
ZEC $489.83 +0.74%

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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