Solana

Kevin

Bitcoin

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The Solana memecoin mania that began in the first half of 2024 has contributed to an increase in demand for Rust engineers, according to the chief executive at a cryptocurrency jobs board.
It’s likely been driven by the “Solana memecoin frenzy, where Rust is the primary programming language,” Raman Shalupau, CEO and founder of CryptoJobsList told Cointelegraph, adding:
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 “It's also driven by the broader tech trend, where Rust is becoming a popular systems programming language, and many blockchain companies are adopting it for writing performant distributed systems.”
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<a href="https://www.coingecko.com/en/categories/solana-meme-coins" target="_blank" rel="noopener nofollow">Solana</a> memecoins currently boast a combined market cap of $6.28 billion — significantly larger than Ethereum layer 2 <a href="https://www.coingecko.com/en/categories/base-meme-coins" target="_blank" rel="noopener nofollow">Base’s</a> $1.2 billion memecoin market cap, CoinGecko data shows. 
Rust started to <a href="https://cointelegraph.com/news/vyper-solidity-and-scrypto-how-the-smart-contract-languages-compare">take some attention</a> away from Ethereum’s Solidity as a programming language to write <a href="https://cointelegraph.com/learn/what-are-smart-contracts-a-beginners-guide-to-automated-agreements">smart contracts</a> since the Solana blockchain launched in March 2020.
CryptoJobsList’s website <a href="https://cryptojobslist.com/solidity" target="_blank" rel="noopener nofollow">shows</a> 99 Rust developer roles are vacant, compared to 45 for Solidity.
“We saw 32 Rust programming language related jobs in the last 3 months alone,” Shalupau noted.
The rise in Rust roles has contributed to a 12-month record 564 crypto jobs <a href="https://cryptojobslist.com/trends" target="_blank" rel="noopener nofollow">posted</a> on CryptoJobsList in July — marking a 109% increase from the previous month.
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 <img src="https://s3.cointelegraph.com/uploads/2024-08/9149585a-8cb2-43a6-a2c1-242abe51681a.png" alt="Solana ‘memecoin frenzy’ prompts uptick in Rust dev demand">
 <figcaption style="text-align: center;">
 CryptoJobsList’s monthly crypto job postings since August, 2023. Source: CryptoJobsList
 </figcaption>
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Kevin Gibson, founder of cryptocurrency recruitment firm Proof of Search, said he has also seen more demand for Rust engineers and developers:
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 “We are seeing a lot more demand for Senior Full Stack developers with experience in Rust, Python and Ruby on Rails as well as Senior Engineers who have the ability to step into a hands on CTO role.”
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Gibson believes “FOMO” (Fear of Missing Out) hiring will kick off when Bitcoin hits $100,000.
Related: <a href="https://cointelegraph.com/news/binance-coinbase-gemini-staff-among-least-happy-glassdoor">Binance, Coinbase and Gemini staff are among the least happy, data suggests</a>
Those who have held their positions throughout <a href="https://cointelegraph.com/news/2022-bear-market-has-been-the-worst-on-record-glassnode">the bear market</a> will have multiple offers between 30-50% higher than their <a href="https://cointelegraph.com/news/crypto-bull-run-job-listings-salary-careers">current salaries</a> as budgets are still very tight, Gibson noted.
CryptoJobsList’s salary data <a href="https://cryptojobslist.com/salaries" target="_blank" rel="noopener nofollow">shows</a> the <a href="https://cointelegraph.com/news/women-make-more-money-than-men-in-crypto-pantera-capital">average cryptocurrency employee</a> is making $88,000, while those in the top 10% percentile are making $165,000.
Meanwhile CryptoRecruit’s founder Neil Dundon told Cointelegraph his firm has seen slightly less demand for developer roles but an uptick in sales-related roles.
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 “This is still a competitive market for jobs right now but it’s very reassuring to see how sticky web3 candidates are. They really want to work in this exciting space.”
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Magazine: <a href="https://cointelegraph.com/magazine/5-risks-apeing-new-solana-memecoins/">5 dangers to beware when apeing into Solana memecoins</a>

Solana ‘memecoin frenzy’ prompts uptick in Rust dev demand

Cointelegraph

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