• The number of crypto developers fell, but experienced developers increased. 
• Experienced developers working in crypto ecosystems are at an all-time high. 
• Ethereum drew in the most newcomer developers, followed by Polygon and Solana.

Cryptocurrency venture firm Electric Capital’s recently published 2023 Developer Report showed the number of developers in the cryptocurrency ecosystem has declined, but long-term commitment has grown. 

The report, which tracks developers’ activity in crypto ecosystems, revealed that the total number of developers is down by 24%. However, the number of developers with over two years of experience, as well as the most active, continues to rise. 

With a 52% annualized growth in the past five years, developers with over two years in crypto are at an all-time high. Furthermore, the number of developers with at least one year of experience grew 16% year-over-year (YoY) and made up 63% of all monthly active developers. 

On the other hand, the count of developers with less than a year’s experience in crypto slumped. As noted in the report, the number dropped 52% YoY following a record number of developer inflow in 2022.  

The post Crypto Developers Count Fall; Experienced Developers Hit ATH: Report appeared first on Coin Edition.

• The number of crypto developers fell, but experienced developers increased. 
• Experienced developers working in crypto ecosystems are at an all-time high. 
• Ethereum drew in the most newcomer developers, followed by Polygon and Solana.

Cryptocurrency venture firm Electric Capital’s recently published 2023 Developer Report showed the number of developers in the cryptocurrency ecosystem has declined, but long-term commitment has grown. 

The report, which tracks developers’ activity in crypto ecosystems, revealed that the total number of developers is down by 24%. However, the number of developers with over two years of experience, as well as the most active, continues to rise. 

With a 52% annualized growth in the past five years, developers with over two years in crypto are at an all-time high. Furthermore, the number of developers with at least one year of experience grew 16% year-over-year (YoY) and made up 63% of all monthly active developers. 

On the other hand, the count of developers with less than a year’s experience in crypto slumped. As noted in the report, the number dropped 52% YoY following a record number of developer inflow in 2022.  

The post Crypto Developers Count Fall; Experienced Developers Hit ATH: Report appeared first on Coin Edition.