Ethereum

Solana

Read

Stellar

According to Electric Capital, the overall number of crypto developers in 2023 decreased by 24%, while the number of newcomers dropped by over 50%. 
In a 180-page <a href="https://www.developerreport.com/developer-report?s=74-of-crypto-developers-live" target="_blank" rel="noreferrer noopener">research report</a>, crypto venture firm <a href="https://crypto.news/tag/electric-capital/">Electric Capital</a> revealed that the overall number of monthly active crypto developers decreased by 24% from 29,611 in December 2022 to 22,411 in December 2023. 
Despite the overall decrease, the study indicates a steady growth in the number of <a href="https://crypto.news/tag/blockchain-developers/" target="_blank" rel="noreferrer noopener">blockchain developers</a> who have been actively contributing to the space for more than one year. This subgroup has seen an increase from less than 2,500 individuals in January 2018 to surpassing the 10,000 mark in 2024. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="405" src="https://crypto.news/app/uploads/2024/01/sdjfosdjf-1024x405.png" alt="Number of blockchain developers slid by 24% in 2023, data shows - 26" class="wp-image-14239567">
 <figcaption class="wp-element-caption">
 Monthly active blockchain developers by tenure | Source: Electric Capital
 </figcaption>
</figure> 
However, the same cannot be said about newcomers, defined as developers with less than 12 months of experience. The total count of such developers experienced a significant decline of 52% in 2023 compared to the previous year. The data indicates a trend where newcomers tend to enter the crypto space during periods of significant price rallies. In 2022, over 90,000 programmers joined the community following Bitcoin’s surge to nearly $70,000. 
 You might also like: <a href="https://crypto.news/solana-ecosystem-sees-surge-in-developer-retention-and-global-growth/"> Solana ecosystem sees surge in developer retention and global growth </a> 
Examining specific ecosystems, <a href="https://crypto.news/tag/ethereum/" target="_blank" rel="noreferrer noopener">Ethereum</a> maintains its position as the leading platform, attracting over 16,000 newcomers who actively wrote code in 2023. Other platforms, including Polygon, also got developer interest. Surprisingly, <a href="https://crypto.news/tag/bitcoin/" target="_blank" rel="noreferrer noopener">Bitcoin</a> ranked 13th in the list, alongside platforms like Internet Computer, Optimism, and BNB Chain. 
Among the ecosystems, <a href="https://crypto.news/tag/stellar/" target="_blank" rel="noreferrer noopener">Stellar</a> emerged as the least preferred for newcomers, with only 248 developers contributing code to this ecosystem in 2023. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="558" src="https://crypto.news/app/uploads/2024/01/sjdofjsd-1024x558.png" alt="Number of blockchain developers slid by 24% in 2023, data shows - 27" class="wp-image-14239568">
 <figcaption class="wp-element-caption">
 The share of blockchain developers in the U.S. against other countries in 2023 | Source: Electric Capital
 </figcaption>
</figure> 
Despite the global nature of the crypto industry, the U.S. experienced a decline in its standing, with the number of blockchain developers located outside the country surpassing the 70% mark in 2023. 
According to Electric Capital’s analysis, the U.S. has seen a 14% decrease in developer share since 2018, now accounting for only 26% of blockchain developers. Conversely, regions such as South Asia, Latin America, Eastern Europe, Western Africa, and Southern Europe collectively witnessed a 20% growth in developer share since 2018. 
 Read more: <a href="https://crypto.news/developer-asks-community-not-to-underestimate-bitcoin-ordinals/"> Developer asks community not to underestimate Bitcoin Ordinals </a>

Number of blockchain developers slid by 24% in 2023, data shows

crypto.news

Other articles published on Jan 18, 2024

Egyptian startup Zeal raises $4 million to boost expansion plans

Spot Bitcoin ETFs Surge in Trading, Outperforming Traditional ETFs

Global Tourism Trends and Predictions in 2024

Regulatory Victory: Gemini Receives Digital Asset Service Provider Registration In France

Is Ethereum Foundation Connected To The 2016 Gatecoin Hack?

SHIB whale holding $20M worth names his 3 next potential 100x projects

Join our free newsletter for daily crypto updates!