Author: maria

Compiled by: TechFlow

We at @electriccapital analyzed over 110,000 developer profiles to understand the geographic distribution of crypto developers.

Currently, Asia has become the region with the largest number of crypto developers, while the United States is gradually declining in market share.

Cryptocurrency has an impact on every state in the United States, so the development of cryptocurrency should transcend partisanship.

Here are the key findings from the data and why they matter:

North America has lost its lead in the share of crypto developers to Asia.

The proportion of developers in North America drops significantly — from 44% in 2015 to 24% in 2024.

Meanwhile, the proportion of developers in Asia rose from 13% to 32%.

This is the first time Asia has become the number one continent for crypto talent.

Despite this, the United States remains the country with the largest number of crypto developers.

The proportion of crypto developers in each country:

  1. United States: 18.8%

  2. India: 11.8%

  3. United Kingdom: 4.2%

Notably, 81% of crypto developers, who are shaping the future of digital currencies, live outside the United States.

This is an issue concerning U.S. national security and the loss of innovation.

Since 2015, the U.S. developer share has dropped 51%, while the size of the crypto market has grown from $5 billion to $2.4 trillion!

Does this reflect the negative regulatory environment facing the U.S.? To maintain its global leadership, the U.S. urgently needs clear crypto policy.

Focus on the United States: What is the situation in each state?

While the crypto industry considers itself centered in California and New York, 64% of developers actually live outside of these traditional tech hubs!

This provides policymakers with an opportunity to create jobs and wealth.

The crypto industry should not be a focus of partisan debate — developers are located in every state and represent every political background.

Methodology: We analyzed over 200 million crypto-related git commits, covering over 350,000 code repositories. We obtained geographic data from the self-reported locations of 110,000 developers, totaling 366,000 crypto developers since 2009.

Geographic data and more will be featured in our upcoming 2024 Developer Report!

Also, check out our taxonomy:

GitHub - electric-capital/crypto-ecosystems: A taxonomy of open source cryptocurrencies, blockchains, etc.

From github.com