Solana Leads Crypto Ecosystems in Attracting New Developers in 2024

Electric Capital's report shows Solana outpaced Ethereum in new developer growth, with an 83% year-over-year increase, while Ethereum retains the largest overall developer base.

• Solana brought in 7,625 new developers in 2024, marking an 83% year-over-year increase and surpassing Ethereum in new developer growth for the first time since 2016.
• Ethereum remains the dominant blockchain ecosystem with 8,925 total developers, but its share of new developers has decreased, reflecting competition from Solana and other blockchains.
• Asia now leads in global blockchain developer distribution with 32% of the share, while North America has dropped to third place behind Europe.
• India emerged as a key growth area, contributing 17% of new crypto developers in 2024 and leading Solana's developer growth globally.
• Layer-2 solutions on Ethereum, such as Base, Optimism, and Arbitrum, have drawn 56% of Ethereum developers, highlighting the fragmentation of talent within its ecosystem.

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