| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $106456.6700000000 |
| ETH | $2445.1390000000 |
| BNB | $652.0403900000 |
| XRP | $2.1981320000 |
| ADA | $0.5536731000 |
| SOL | $148.4649000000 |
| DOGE | $N/A |
| DOT | $3.3342300000 |
| LTC | $85.4375000000 |
| LINK | $13.1065500000 |
Category: CRYPTO NEWS
The post Solana Was the Biggest Draw for New Crypto Developers in 2024: Electric Capital appeared on BitcoinEthereumNews.com. The ranks of cryptocurrency developers held steady in 2024, as some recent entrants left the industry while veterans mostly stuck around, according to a report released Thursday by Electric Capital. The total developers working in crypto worldwide was basically flat, declining a statistically insignificant 7% from a year earlier, and the number of monthly active developers went to 23,613 in November, the report said. Meanwhile, the Solana ecosystem, ground zero for the memecoin craze, was the most popular blockchain among new developers, an 83% increase in its ecosystem compared to a year earlier. In July, this community became the first since 2016 to bring on board more devs than Ethereum. Solana attracted 7,625 new developers in 2024, the most of any chain and a little over 1,000 more than Ethereum. The results underscore the challenge Ethereum faces as rival smart contract platform Solana’s low fees and fast transactions attract investment and talent. According to Maria Shen, a general partner at Electric Capital, the share of developers who have worked in crypto for more than two years grew in 2024. Among those who left the industry, the largest group were relative newcomers. “These are people who effectively joined during the bear market, and haven’t really seen anything since then,” Shen told CoinDesk in an interview. The stability of the developer population is an auspicious sign, Shen said. “When we look at the sector of established developers, it’s growing and looking very healthy,” she said. “When we look at full-time developers .. this had the least amount of declines, very small, like [a] 4% decline year over year. So overall, I would say, [the population is] looking very healthy, but it’s flat, and mainly because of the losses from people who joined less than a year ago and then less than two…
2024-12-13T00:30:06+00:00
https://bitcoinethereumnews.com/crypto/solana-was-the-biggest-draw-for-new-crypto-developers-in-2024-electric-capital/?utm_source=rss&utm_medium=rss&utm_campaign=solana-was-the-biggest-draw-for-new-crypto-developers-in-2024-electric-capital