The cryptocurrency sector continues to evolve rapidly, driven by changes in developer activity and the emergence of new blockchain ecosystems. A recent annual developer report from Electric Capital highlights the global outlook for crypto developers and highlights key trends that point to a promising future for the industry.
The report highlighted the growing presence of senior developers with more than two years of experience, who now account for 70% of code contributions on major blockchain platforms. This suggests a mature industry where expertise plays a critical role in driving innovation. Alongside these experienced professionals, a wave of new talent is entering the field, encouraging collaboration and global participation. In 2024 alone, 39,148 new developers ventured into the cryptocurrency industry, reflecting its growing appeal.
Solana takes the lead among the new developers
One of the report’s most notable findings is the shift in preferences among new developers. For the first time since 2016, Ethereum lost its position as the first choice for new entrants, with Solana emerging as the most attractive protocol. According to the report, in 2024, 7,625 new developers chose Solana as their preferred blockchain ecosystem, surpassing Ethereum, which attracted 6,456 new developers.
Despite this shift, Ethereum maintains its position as the leading ecosystem for decentralized application development, ranking first in developer share across all continents. Solana follows as the second-largest blockchain ecosystem globally with a developer base that has seen an impressive 83% year-over-year growth.
