Electric Capital’s 2023 Crypto Developer Report highlights Ethereum’s supremacy in the blockchain realm, with over 70% of new smart contracts debuting on this network. This dominance is further bolstered by a growing trend of developers engaging in multi-chain projects, reflecting the diversification and evolution of the blockchain ecosystem.
A significant shift in the global distribution of crypto developers is evident, with a decline in North American dominance and a rise in regions like Latin America and Western Africa. This global spread underscores a more decentralized blockchain development landscape.
The report also reveals Ethereum’s influence extending to Ethereum Virtual Machine (EVM) blockchains, such as BNB Chain, Polygon, and Avalanche. Despite a 25% decrease, Bitcoin maintains a solid base with 7,864 active monthly developers.
Overall, the crypto sector shows resilience with over 9,300 developers active in top projects. The enduring commitment of experienced developers signifies a stable and innovative future for the crypto ecosystem.