Title: The Power Shift: 81% of Crypto Developers Now Outside the U.S.

Date: November 2, 2024, 09:00 GMT+1

A recent study by Electric Capital reveals a significant drop in the percentage of crypto developers based in the United States over the past decade. While the U.S. still leads globally in crypto developer concentration, this position may be at risk unless policies promoting crypto development are reinforced.

The study analyzed a sample of over 110,000 developers worldwide. According to the findings, the top three countries by developer percentage are the United States, India, and the United Kingdom, with shares of 18.8%, 11.8%, and 4.2%, respectively.