🚀 Just three days ago, an incredibly intriguing report was released by Electric Capital on blockchain developers. Imagine this: 356 individuals combed through a staggering 818,000 repositories to compile this comprehensive report! This really puts the enormity of the task into perspective! 👌
🌍 What's more, they even launched a dedicated website, showcasing real-time stats of active developers in various blockchain ecosystems. This spans from well-known players like #Bitcoin , #Ethereum, and Polygon to emerging stars like Aptos, Sui, and seasoned names like Dash, TON, and more.

✨ On one hand, developer reports, to me, represent somewhat of a retrospective snapshot. They reflect the resources – time and money – that teams have already invested. The driving force behind these investments? Expectations from the network, encapsulated in user metrics (MAU/DAU - monthly/daily active users) and financial stakes (TVL - total value locked).

💡 The gist is this: the more a network flaunts its MAU/DAU and TVL through programs like airdrops, integrations, #DeFi farming, and staking, the more developers are tempted to venture and build on such platforms, aiming to capture the spotlight and those hefty fund volumes.
🔍 So, these reports are like windows into the past: programs executed, audiences gathered, developers enticed, and products launched.🤷

📈 However, there's a flip side: observing long-term trends is fascinating. And there's plenty to dissect! Here are the highlights that caught my eye:
📉 Developer count in 2023 shrank by 24% to 22,411. Yet, developers with over a year of experience grew by 16%; a striking 52% of the newbies who joined in 2022 have exited the market. Looks like the bear market spooked the novices! :)📊 From the last bear market, the developer count has almost tripled, rising from 3,281 in Jan 2020 to 9,357 in Dec 2023.🌐 The multi-chain trend is clear: 34% of developers support multiple blockchains. Multi-chain support has surged tenfold since 2015. A notable 87% of these multi-chain developers are involved with at least one EVM network.🌎 The US is losing its developer base. Its share has dropped by -14% since 2018 to 26%. In contrast, regions like Southeast Asia, Latin America, Eastern Europe, West Africa, and Southern Europe have boosted their shares by +20% since 2018.💻 Seasoned developers lead in productivity: 75% of all code is authored by those with more than a year of experience.🤝 Fragmentation across networks is diminishing. Networks are increasingly sharing developers among themselves, with Ethereum being a primary contributor, supporting 6+ developers across 20 other networks!💡 Innovation trends: 71% of innovations in the field stem from Ethereum, 19% from BNB Chain, and 7% from Polygon. Innovation here is defined as the creation of new code, as opposed to repurposed or adapted content.⚙️ 40% of Bitcoin developers are engaged in scaling and L2 initiatives, while a mere 3% are focusing on Ordinals.🏆 42% of developers are working on the top 200 projects outside of Bitcoin and Ethereum.🌟 Ethereum's top 15 smart contracts include 10 DeFi projects (UniSwap, 1inch, Metamask, Tether (USDT), Center (USDC), Maestro, Banana Gun); 2 NFT platforms (Blur, Seaport); and 2 L2 solutions (Arbitrum, zkSync).🖼️ NFT developments: 75% were released on Solana and Bitcoin by end of 2023. Ethereum ranks 5th, trailing behind Polygon and $BNB Chain.
What aspects grabbed your attention?
#DeFiAirdrop #BlockchainIdeologies