If developers' mindshare indicates innovation, then knowing something about developers' activity is important.
That's why the industry pays attention to electrical capital Versions Annual developer report.
As of November 2024, the cryptocurrency had approximately 23,613 monthly active developers, representing a small percentage (0.0875%) of the global developer population of 27 million. That's a staggering 2,000% increase over the past decade, but the numbers are still below industry highs of about 31,000 in 2022.
One notable trend among cryptocurrency developers is the increased global distribution of talent today compared to years past. In 2015, 80% of developers worked outside of North America and Europe. Today, both continents have seen their share of developers fall to 24% and 31% respectively, while Asia now leads with 32% developer share.
Read more: The Solana ecosystem has a lot to be thankful for this year
Ethereum virtual machine (EVM) remains the leading technology cluster, boasting a strong network effect with 8,925 developers – roughly 3.6 times the size of the Solana Virtual Machine (SVM) cluster, which has 2,499 developers.
But what stands out is that Solana comes in as the number one ecosystem new Developers over the past year. This is impressive progress, especially considering that Ethereum — which is second in attracting new developers — is supported by an ecosystem that includes dozens of layer-2 pools.
India is dominated by Solana developers, where they account for about 27%. Notably, it is the only country where new developers join the Solana ecosystem at a higher rate than any other blockchain system. India also ranks second in developer share, behind only the United States.
Read more: Electric Capital finds that veteran Web3 developers are on the rise
The highest developer activity doesn't always translate directly into code innovation. For this reason, Electric Capital's developer report also takes into account threads with the most recently written code.
Ethereum maintains its lead with about 65% of new code written across its Layer 1 and Layer 2 ecosystems.
According to the report, liquidity is not the only thing Hash in Ethereum -Developer talent is also rare. Since Ethereum adopted its clustering-focused roadmap, the share of developers working on Layer 2 has increased from 25% to 56%.
Of all the second active layers, Base has the largest active developer base at 4,287, followed by Arbitrum (3,450), Starknet (2,548), Optimism (2,416), Scroll (1,517) and zkSync (1,115).
If developer activity is any indication of increased activity for the series, Starknet's developer leadership is perhaps somewhat surprising, especially in contrast to older series like Optimism. Based on the number of transactions, Starknet activity has weakened compared to last year.
What about Bitcoin?
The Bitcoin network has about 1,200 monthly active developers; It's a number that has remained fairly constant over the past 12 months.
However, with the advent of Bitcoin's second layer, non-fungible tokens (NFTs) and various scaling solutions, at least 42% of Bitcoin developers are now devoting their efforts to these areas.
Finally, zero-knowledge developers saw a slight decline. Today there are 2054 monthly active developers working at zk. About 823 of them hold full-time jobs.
However, zk contract deployments rose from just 40 in 2020 to 639 in 2024, with the largest share coming from Ethereum, Base, and Optimism.
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