The 2024 Developer Report from Electric Capital reveals that for the first time since 2016, Solana has surpassed Ethereum to become the leading blockchain ecosystem attracting new developers.

- **Rapid Growth**: Solana recorded 7,625 new developers in the past 12 months, an increase of 83% compared to the previous year. This surge is driven by strong participation from programmers in Asia, particularly India, and other major markets such as the USA, UK, Canada, and China.

- **Success of Solana**: In 2024, Solana accounted for over 81% of DEX transactions and 64% of NFT transactions across all chains. Wallet activity reached 1.7 million users, seven times that of the second-largest chain.

- **Ethereum Remains on Top**: Despite Solana's strong growth, Ethereum remains the leading blockchain in terms of total developer activity. 70% of code commits come from experienced developers on this platform.

Solana is making small but significant strides, reflecting a trend of diversification in the crypto industry. 🚀