The decentralized
- Gnosis has recently reduced the cost of execution of its gnosis chain.
- At $ 400,000, its etherscan expenses were a good deal.
- Ethereum was 10 years old Wednesday.
A version of this article appeared in our The decentralized Newsletter on July 29. Register here.
Managing an Ethereum compatible blockchain is not cheap. Take him from Gnosis, the Crypto Company which has just made its very first annual financing request from the Gnosis Dao cooperative.
The “quasi-fountain” asked for $ 30 million a year at the DAO. From this title issue, $ 3.6 million would go to “the Gnosis chain and the basic infrastructure,” according to demand.
Here is the ventilation: nearly $ 2 million would go to staff, a category that covers the development of blockchain software.
More than $ 600,000 is necessary for “accommodation and cloud suppliers”, a category which, according to the head of the company infrastructure, includes “bootodes, validators, tests, indexing, analytics, archives” of the chain and accommodation for other Gnosis brand products.
Audits cost $ 300,000. And Gnusis’s partnership with Etherscan, The Block Explorer, costs $ 400,000 – a flight, according to the former scrolling engineer Toghrul Maharramov.
In short, keeping an online blockchain is a company with high treasury intensity.
The demand for financing is part of Gnusi’s greatest push in the development of consumers oriented, according to the Co-founder Friederike Ernst.
“The story we want to tell is no longer just an open infrastructure, but on the creation of fair financial systems and belonging to users,” she wrote to DAO members.
Like Morpho, Gnosis has moved this year to combat the perceived tension between investors in shares and chip holders, “convert the entity into an organization purely focused on objectives”, according to Ernst.
Gnosis already has 127 employees and plans to hire 25 others this year, according to the proposal.
HDB, Ethereum!
In other news: Happy Birthday Ethereum!
The second blockchain in the world will be 10 years old tomorrow. He had a remarkable race.
While Bitcoin remains the most precious cryptocurrency – by a very wide margin to that – what you can do with Bitcoin has not changed much since the launch of the Bitcoin network in 2009.
Ethereum is another story. Like Bitcoin, he drew the attention of Wall Street and Financial regulators, but for very different reasons.
Wall Street likes Bitcoin because it is precious and can be even more precious tomorrow. But if you believe that the CEO of Blackrock, Larry Fink, Ethereum could revolutionize the trading of actions and obligations via tokenization.
The biggest banks and companies in the world plan to issue stabbed. American legislators were forced to count with the concept of decentralization and to define, although imperfectly, to these most vague terms.
The total value of the crypto deposited in the Ethereum DEFI ecosystem is now 139 billion dollars-well above the $ 114 billion which it struck in the exhilarating days of 2021, when the Ether cryptocurrency reached a summit of all the slightly shy time of $ 5,000.
For all hand clritions earlier this year, it’s damn impressive.
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Post of the week
The listed companies buy the crypto for juice of their stock market. Why not also small independent companies?
Not now kitten, I transform your Etsy store which makes $ 800 arrived into a listed cash vehicle
– GWART (@GWARTYGWART) July 25, 2025
Aleks Gilbert is DL News“DEFI correspondent based in New York. You can reach it at Aleks@dlnews.com.
