Crypto Engineers in 2024

This report is packed with essential data about crypto software development and is one of the most important tech related resources in the industry.

The Electric Capital Developer Report is out. This report is packed with essential data about crypto software development and is one of the most important tech related resources in the industry. If you don’t have time to read the full report, here are the top takeaways:

Why Developer Growth Matters

It’s simple: more developers mean better apps, which attract users and grow the ecosystem.

Key Insights:

1. Solana Takes the Lead in New Developer Growth • Solana saw an 83% increase in new developers in 2024, making it the top choice for newcomers. • This is the first time since 2016 that Ethereum isn’t the top choice for new developers.

2. Ethereum Remains the Overall Leader • Ethereum is still the largest ecosystem for developer activity, including mainnet and Layer 2 solutions.

3. Base Dominates Ethereum Layer-2s • Base contributes 42% of new code in the Ethereum ecosystem, outpacing other L2s.

4. Crypto Developer Activity Keeps Growing • Crypto development has grown by 39% annually since Ethereum’s launch in 2015. • In 2024, 39,100 new developers joined the space, with 23,600 contributing monthly to open-source projects.

5. Developer Growth Follows Market Trends • Growth has slowed recently but usually picks up with market rebounds. • If the trend holds, we could see developer numbers double in 2025.

Global Developer Share (Open Source)

Here’s how developers are distributed worldwide:

1. United States – 18.8%

2. India – 11.7%

3. United Kingdom – 4.3%

4. China – 4.0%

5. Canada – 3.8%

6. Germany – 3.6%

7. France – 3.5%

8. Nigeria – 2.6%

9. Brazil – 2.5%

10. Spain – 2.0%

Author

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