CoinVoice recently learned that Andre Cronje, CTO of Sonic Labs, wrote: “L2 as an application chain is illogical for developers:
There is almost no infrastructure support (such as stablecoins, oracles, and institutional custody) when deploying; there is no foundation or lab to provide assistance; the centralized architecture is vulnerable to attacks; liquidity is dispersed and forced to go through cross-chain bridges; there is a lack of user and developer communities; time is spent on dealing with the above issues instead of applications and users; network effects are eliminated; transaction confirmation times are still long (some suppliers are unwilling to work with them); developed alone (no cooperative team).
Lisk also severely underestimated the cost of infrastructure and compliance (browsers, hosting, exchanges, oracles, bridges, toolkits, IDEs, on/off ramps, native distribution and integrations, regulation, compliance). $14 million will be spent in 2024 alone, much of which is recurring costs. ” [Original link]