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Note that for some reason, Cloudflare charges substantially more for .io domains than other registrars. Cloudflare charges $45 whereas Dynadot charges $26.99 and Porkbun charges $28.97.

https://community.cloudflare.com/t/io-domain-price-not-whole...

https://tld-list.com/tld/io

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.io is heavily subsidized by most registrars for a couple reasons: the .io registry offers substantial volume discounts and .io domains are associated with a higher spend on add-on services. In most cases, they discount .io domains because they hope users spend more on other upsell products.

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