Understanding the Crypto Developers Landscape in 2024

Friday, 13 December 2024, 13:55
Crypto developers account for less than 0.1% of the population expected to reach 28.7 million by 2024. Despite a growth of 3% over three years, the industry faces a drop of 7% year-over-year. The continued evolution signifies an unprecedented opportunity for developers in this sector.
Finbold
Understanding the Crypto Developers Landscape in 2024

Crypto Developers Count and Landscape

According to a recent report by Electric Capital, the population of crypto developers remains significantly underrepresented. With around 23,613 monthly active developers, 18,511 of them contribute to a single blockchain. This indicates both growth and challenges faced in the sector.

Developers by Country

  • United States: 18.8%
  • India: 11.7%
  • United Kingdom: 4.3%

Blockchain Dominance

Ethereum (ETH) leads with 6,244 total developers, while Solana (SOL) boasts 3,201. Established developers show higher growth rates, signaling an extensive opportunity for innovation.

Future Potential

As crypto engages a wider audience, the influx of developers could mark a significant change in the landscape. Analysts suggest that 2025 might herald an unprecedented bull market, increasing interest from developers.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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