#Ethereum #CryptoDevelopers #Blockchain #SmartContracts #MultiChainDevelopers #Bitcoin #CryptoEcosystems #GlobalCryptoDevelopment
Ethereum retains dominance as the primary blockchain choice for crypto developers with over 70% of new smart contract code first deployed on this network, as indicated by Electric Capital’s 2023 Crypto Developer Report. This underscores Ethereum’s uniqueness in the smart contract category, aiding its position among the developers. Another pertinent discovery was the proliferation of multi-chain developers in 2023, showing a considerable leap from mere 3% in 2015 to a staggering 34% this year. Moreover, Ethereum’s influence can be seen in the spread of developers across the Ethereum Virtual Machine (EVM) blockchains like BNB Chain, Polygon, Avalanche, and various layer 2 networks.
The report also highlighted the concentrated presence of developers on both Ethereum and Bitcoin, with a quarter of blockchain developers choosing one of the two. Despite a drop in numbers, Bitcoin managed to attract a significant count of 7,864 monthly active developers as of December 2023. There was also a notable 1000 developer support for Bitcoin since 2017, with the highest influx of fresh developers recorded in 2022. Even as Bitcoin transaction volume surged in 2023, only a small percentage (3%) of total Bitcoin developers worked on the Ordinals project, while 40% focused on Bitcoin layer 2 networks and other scaling solutions. The report also shows a substantial decline of 24% in the number of active developers in 2023, significantly driven by newcomers with less than a year of experience in the crypto realm.
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