How Much Does DeFi App Development Cost?

How Much Does DeFi App Development Cost?

In the ever-evolving landscape of finance, DeFi (decentralized finance) has been proven to be a revolutionary technology that removes the need for centralized institutions and intermediaries from the financial markets and enables users to transact faster.

One needs a keen sense of cynicism to stop and really think about such opening paragraphs.

It just isn't true! Most defi is centralised; all that has happened is that the central authority has created algorithms to appear that no third party exists. Yes, many transactions are faster and cheaper than tradFi - and also far more risky if not aware.

Back to the title of the article.

On average, the estimated cost to build a successful DeFi app can range from $50,000 to $270,000 or more for highly complex applications.

Then it delves a bit deeper - though not much - into the different components and factors that go into designing and building a viable DeFi platform.

However, developing a DeFi app is a complex and costly process that involves several important factors.

Many are just copy-paste-contracts, so for a user is best to use something like RugDoc to do at least a minimal due diligence on the risks of a scam.