Electric Capital released a report showing a decline in new blockchain developers and the dominance of experienced professionals, indicating a potential shift toward centralization in an industry rooted in decentralization.
Fewer active developers
The total number of active blockchain developers has fallen by 25% over the past two years, from over 31,000 in 2022 to 23,160 in 2024. Part-time and newcomer developers were most affected, while the number of established developers increased by 65%.
Established developers gain share
Experienced developers, those working in the industry for over two years, have taken on more prominent roles, committing 70% of code edits, according to Electric Capital’s report. This trend could centralize contribution and reduce the diversity of ideas.
Where developers live
Developers are globally distributed, with Asia taking the lead. North America has fallen in rank, though the U.S. remains a top country for developers. India is emerging as a new hub, accounting for 11.7% of the global developer share in 2024.
Despite an increase in experienced developers, the decline in newcomers raises concerns about the future evolution of the industry. This trend could slow the introduction of fresh ideas and perspectives in the rapidly evolving blockchain environment.
