A recent report by Electric Capital reveals that Solana has surpassed Ethereum in attracting new developers for the first time since 2016. In 2024, Solana emerged as the top choice for developers, experiencing an 83% annual growth rate, with 7,625 developers opting for Solana over Ethereum's 6,456. This shift signifies a significant change in developer interest, as Solana's low fees and fast processing speeds make it an appealing platform for building large-scale applications. The surge in Solana's native token SOL price has also boosted developer confidence. While Ethereum remains dominant in the Layer-1 ecosystem, the rise of multi-chain development is evident, with 34% of developers now working across multiple blockchains. Despite Ethereum's strong presence in countries like the US and UK, Solana's popularity is on the rise, particularly in India. This trend indicates a potential shift in the blockchain landscape, with Solana's rapid growth and developer appeal reshaping the industry. Read more AI-generated news on: https://app.chaingpt.org/news

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