Recent data reveals a significant shift in crypto development from West to East, positioning Asia as a key player.
Asia's Rapid Growth and India's Leading Role
The Asian region is rapidly increasing its share in global crypto development, accounting for 32% of all developer activity. India is emerging as a leader and a vital hub for new talent, driven by its booming tech industry and a large pool of specialists. In the coming years, India aims to strengthen its position as a global hub for Web3 innovations.
Decline in North America, but Growth in Veteran Developers
North America's share of global crypto development has decreased from 43% in 2015 to 24%. Despite a 7% drop in active developers, the number of seasoned engineers has increased by 27%. These experienced professionals contribute to over 70% of code commits, underscoring their importance and significance in the industry.
New Talent Flocks to Solana and Other Blockchain Ecosystems
While Ethereum remains the main platform for developers, Solana is actively attracting newcomers and may become the favorite by mid-2024. Along with Ethereum and Solana, platforms like Internet Computer, Aptos, Bitcoin, Sui, NEAR, Polkadot, and Polygon also report a significant influx of new developers, indicating a growing interest in diverse blockchain solutions.
The influx of new developers into the crypto industry signals the start of a new era in blockchain development and the expansion of innovation in key regions.
