According to Cryptocurrency jobs board executive director Solana's memcoin craze, which began in the first half of 2024, is fueling demand for Rust engineers.
This was probably due to
"the hype around #Solana memcoins, whose main programming language is Rust, Roman Shalupau, CEO and founder of CryptoJobsList, told Cointelegraph. :
"It also ties into the broader technology trend that Rust is becoming a popular system programming language and that many #blockchain companies are using Rust to create productive distributed systems.
The total market capital of Solana memcoins is currently $6.628 billion. According to CoinGecko, this is well over 2 billion, the market capital for Tier 12 memcoins based on #MarketDownturn .
Rust began drawing attention to the reliability of Ethereum as a programming language for writing smart contracts after the launch of the Solana blockchain in 2020/3.
On CryptoJobsList, there are 45 jobs for Rust developers, compared to 99 jobs for reliability developers.
"In the past 3 months alone, we've seen 32 jobs related to the Rust programming language, Halupau said,
The increase in Rust-related jobs has contributed to 564 cryptocurrency-related jobs posted on CryptoJobsList on May 7. That's a 109% increase from the previous month.
Kevin Gibson, founder of #cryptocurrency recruiting firm Proof of Search, says he's also aware of a growing demand for rust engineers and developers:
"There is a growing demand for senior full stack developers with experience in Rust, Python and Ruby on Rails, as well as senior engineers who can fill CTO positions.
Gibson believes that hiring will begin when #bitcoin hits the $100,000 mark.
According to Gibson, those who hold positions in a bear market will receive multiple offers that are 30-50% higher than their current salary, as their budgets are still very tight.
According to CryptoJobsList salary data, the average cryptocurrency employee earns $88,000, while the top 10% of employees earn $ 1,165,000.
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