This report provides a comprehensive insight into the development activity of the cryptocurrency ecosystem by analyzing over 900 million code submissions and 1.7 million code repositories.
Shift of Global Developer Activity
The report shows that Asia has become the most active region for global cryptocurrency developer activity, accounting for 32% of global developer activity. This marks a significant shift in the geographic distribution of developers from traditional North America and Europe to Asia. Specifically, India welcomed the most new developers in 2024, accounting for 17% of the global new developer proportion. Meanwhile, the share of developers in North America decreased from 43% in 2015 to 24% in 2024, reflecting the globalization trend in the crypto development field.
Preferences of New Developers
In terms of developer preferences, Solana has become the preferred platform for new developers this year, especially surpassing Ethereum in July 2024 to become the ecosystem attracting the most new developers. Solana's success is partly attributed to its performance during the memecoin craze, providing new innovative space for developers. However, Ethereum still has the highest number of developers, mainly due to its large Layer-2 network ecosystem, such as Base, Optimism, and Arbitrum.
Diversity of Technology and Ecosystems
The report also points out that the diversity of cryptocurrency developers in the ecosystem has increased. Some developers are working on multiple blockchains simultaneously, indicating a continuing trend of cross-chain development. Notably, EigenLayer became the fastest-growing developer ecosystem in 2024 with a 167% monthly developer growth rate, thanks to its innovations in the restaking protocol on Ethereum.
Stable Developer Community and the Rise of Emerging Markets
Although the overall number of developers in the cryptocurrency industry decreased by 7% in 2024, the number of senior developers working in the crypto field for more than two years grew by 27% and contributed 70% of code submissions. This highlights the importance of a stable and experienced developer community in the industry. Moreover, emerging markets, particularly in Asia, show strong potential in attracting new developers, indicating that the future of cryptocurrency development may become more diverse and global.
Report link: https://www.developerreport.com/
