How much does smart contract development cost?

If you’re wondering how much it costs to develop a DeFi smart contract, the price can vary depending on a few factors. Let’s break it down simply.

1. Simple vs. Complex Contracts
A basic smart contract can cost around $2,000 to $5,000. However, depending on the features, the cost can range from $10,000 to $30,000 or more if you're building something more complex, like a DeFi protocol or token creation.

2. Developer Expertise
Experienced DeFi smart contract developers may charge higher rates, around $50 to $150 per hour. While this might be more expensive initially, their expertise will ensure the contract is secure and works properly.

3. Security Audits
A security audit typically costs between $2,000 and $10,000, depending on the complexity of the contract. While it adds to the overall cost, protecting your project from potential vulnerabilities is essential.

4. Blockchain Fees
Gas fees depend on the blockchain you use. On Ethereum, for example, gas fees can range from $10 to $50 per transaction, but this can vary depending on network congestion. It's important to account for these fees as your contract grows.

5. Ongoing Maintenance
Once your contract is live, you may need ongoing maintenance. Maintenance costs can range from $500 to $5,000 per month, depending on how much work is required to update or improve your contract.

In short, DeFi smart contract development can cost between $2,000 and $30,000 or more, depending on the complexity, audits, and maintenance.

If you’re ready to build a secure, reliable smart contract, AnA Info is here to help. Contact us today to start your DeFi project!