Sonic Labs CTO: L2 as an application chain is unreasonable for developers, underestimating the infrastructure and compliance costs

ChainCatcher news, Sonic Labs Chief Technology Officer Andre Cronje stated: "L2 as an application chain does not make sense for developers:

• Almost no infrastructure support at deployment (such as stablecoins, oracle, and institutional custody);
• No foundation or lab to provide assistance;
• Centralized architecture is vulnerable;
• Fragmented liquidity and forced through cross-chain bridges;
• Lack of user and developer community;
• Spending time dealing with the above issues instead of applications and users;
• Eliminating network effects;
• Still requires long transaction confirmation times (some providers are unwilling to cooperate);
• Developed in isolation (without collaborative teams).

Application chains also severely underestimate the costs of infrastructure and compliance (browsers, hosting, trading platforms, oracles, bridging, toolkits, IDEs, on/off ramps, native issuance and integration, regulation, compliance). In 2024 alone, $14 million has already been spent, a significant portion of which is recurring costs."