AC: L2 as an application chain is illogical for developers, seriously underestimating the cost of infrastructure and compliance

Sonic Labs' Chief Technology Officer, Andre Cronje, stated: "L2 as an application chain is illogical for developers: there's almost no infrastructure support during deployment (such as stablecoins, oracles and custodial services); no foundations or labs to provide assistance; centralized architecture is vulnerable to attacks; liquidity is dispersed and forced through cross-chain bridges; lack of user and developer communities; time spent on dealing with the above issues instead of applications and users; network effects are eliminated; still requires long transaction confirmation times (some providers are unwilling to cooperate); developed independently (without a collaborative team). The cost of infrastructure and compliance for application chains has been severely underestimated (browsers, custody, trading platforms, oracles, bridging tools, IDEs, on/off ramps native issuance & integration regulatory compliance). In 2024 alone $14 million was spent - a large part of which were recurring costs."