The ranks of cryptocurrency developers held steady in 2024, as some recent entrants left the industry while veterans mostly stuck around, according to a report released Thursday by Electric Capital.
The total developers working in crypto worldwide was basically flat, declining a statistically insignificant 7% from a year earlier, and the number of monthly active developers went to 23,613 in November, the report said.
Meanwhile, the Solana ecosystem, ground zero for the memecoin craze, was the most popular blockchain among new developers, an 83% increase in its ecosystem compared to a year earlier. In July, this community became the first since 2016 to bring on board more devs than Ethereum. Solana attracted 7,625 new developers in 2024, the most of any chain and a little over 1,000 more than Ethereum.
The results underscore the challenge Ethereum faces as rival smart contract platform Solana’s low fees and fast transactions attract investment and talent.
According to Maria Sh
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Author: Margaux Nijkerk
