According to the latest data, Solana has overtaken Ethereum as the top destination for new developers in 2024, breaking Ethereum’s eight-year dominance in the space. According to a December 12 report by Electric Capital, Solana saw 7,625 new developers join its ecosystem this year, surpassing Ethereum’s 6,456.
The surge was driven largely by increased developer activity in Asia. Solana’s growth began in July, when it officially outpaced Ethereum in onboarding new developers for the first time since 2016. This trend continued through the remainder of 2024, with Solana’s developer activity growing by 83% year over year.
Notably, Solana also briefly surpassed Ethereum on two significant occasions. On March 18, Solana’s network activity exceeded Ethereum’s due to heightened demand for Solana-based meme coins. Later, on October 28, Solana’s daily network fee generation surpassed Ethereum’s for a 24-hour period. While Solana’s growth is remarkable, Ethereum remains the leading ecosystem for total developer activity.
Despite a 17% decline in monthly active developers, Ethereum still boasts 6,244 active contributors. Electric Capital’s report highlights the broader global growth of the crypto developer community. In 2024, 39,148 new developers entered the crypto space, representing a 7% decline from 2023’s figures but still a significant global presence.
Africa, South America, and Asia saw notable increases in developer activity, with Asia emerging as a key hub. The report reveals that 1 in 3 developers globally now resides in Asia, with India being a major contributor to the region’s growth in developer onboarding. One of the standout growth stories on Ethereum’s network is Eigenlayer, a key restaking protocol that saw a 167% increase in developer participation this year, making it the fastest-growing ecosystem in 2024.
Source
<p>The post Solana Surpasses Ethereum as Top Ecosystem for New Developers in 2024 first appeared on CoinBuzzFeed.</p>
