More than 60,000 Web3 developers joined the crypto industry in 2022, an increase of 25.8%

01/18 03:48

Electric Capital fingerprinted 250 million code commits across open-source repositories to create the 2022 Developer Report. We are 14 years into the creation of open-source crypto. In the first 7 years, 1,000 monthly active developers wrote code. In the last 7 years, crypto gained over 22,000 monthly active developers. There are now 23,343 crypto monthly active developers in crypto. 1. Monthly active developers grew +5% year-over-year, despite 70%+ decline in prices. 23,343 monthly developers as of December 2022. 2. Crypto network value is back to January 2018 levels, but monthly active developers have increased +297% since 2018. 3. Major ecosystems are emerging beyond Bitcoin and Ethereum. 72% of monthly active devs work outside the Bitcoin and Ethereum ecosystems. Solana, NEAR, and Polygon grew 40% YoY and have 500+ total monthly active developers.
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