Crypto Developer Numbers Fall but Long-Term Builders Show Resilience

Despite a 25% drop in active developers in 2023, the crypto industry continues to grow, driven by a devoted segment of developers and an increasing geographic diversification.

Active crypto developers fell by 25% in 2023, but long-term developers showed resilience, with those having more than two years of experience in the field reaching an all-time high.
Newcomers to the crypto development scene, who were in the ecosystem for less than 12 months, dropped by 53% in 2023, indicating a correlation with crypto prices.
Despite the overall drop in developers, the industry saw a geographic diversification, with the share of developers from non-Western countries in Asia, Africa, and Latin America increasing from 18% to 36%.
Developers are increasingly working on multiple chains, with 34% of all builders working on multiple chains in 2023, indicating a growing depth of development across the multi-chain crypto ecosystem.
Despite the decline in developers, the crypto industry continues to grow and expand, driven by a devoted segment of developers that stick around, separate from the volatility in crypto.