👉👉👉 9 out of 10 multichain devs work on an #EVM chain: Electric Capital
According to a developer report from Electric Capital, Ethereum Virtual Machine-based (EVM) #blockchain networks remain the top choice for crypto developers, with almost 90% of multichain developers working on at least one EVM-compatible chain. The report, which examined crypto development activity over the last year, highlighted that EVM-compatible chains, such as Starknet, Polygon ($MATIC ), Optimism ($OP ), and Arbitrum ($ARB ), attracted 87% of multichain developers. Binance's BNB Chain and Polygon saw the most "cross-pollination" from Ethereum's multichain developers, with 37% and 35% deploying code on #BNB🔥 and Polygon, respectively.
The report also noted a consistent growth in experienced developers, those working in crypto for more than a year, despite a decline in the total number of monthly active developers across the entire crypto ecosystem. Ethereum led in attracting new developers, with over 16,700 newcomers shipping code on the platform in 2023, nearly triple the number on Polygon and almost four times that of Solana. In contrast, Bitcoin witnessed a 19% year-over-year decline in development activity, with just over 1,000 monthly active developers. However, layer-2 networks and scaling solutions on Bitcoin captured over 40% of all open-source Bitcoin developers, marking a more than 400% increase from January 2016.
Source - cointelegraph.com