Cryptocurrency Report
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Altcoin
  • Blockchain
  • Analysis
  • DeFi
  • NFT
  • ICO
  • Videos
What's Hot

FTX US among 5 companies to receive cease and desist letters from FDIC

August 19, 2022

What is an NFT and why are they so popular?

August 19, 2022

Crypto.com Users Can Shop in 175 OTR Stores, BTG Pactual Launched Crypto Trading Platform, CDPQ Wrote Off Stake in Celsius + More News

August 19, 2022
Facebook Twitter Instagram
  • Advertise
  • Privacy
  • Contact
  • Terms
Facebook Twitter Instagram LinkedIn
Cryptocurrency Report
  • Home
  • News
    1. Bitcoin
    2. Ethereum
    3. Altcoin
    4. View All

    Crypto.com Users Can Shop in 175 OTR Stores, BTG Pactual Launched Crypto Trading Platform, CDPQ Wrote Off Stake in Celsius + More News

    August 19, 2022

    Spending on US Crypto TV Ads Shrunk From USD 85M to USD 36K in 5 Months – Report

    August 19, 2022

    Canadian Exchanges’ Cap on Annual Purchases Excludes Only Bitcoin, Ethereum, Litecoin and Bitcoin Cash

    August 19, 2022

    KuCoin & 15 More Crypto Exchanges Face Ire of South Korean Regulator

    August 18, 2022

    Bitcoin and Ethereum Consolidate Near Key Supports

    August 19, 2022

    Ethereum Developers Looking for Potential Merge Dates

    August 19, 2022

    Ethereum’s Last Test Before the Merge ‘Quite Good’ Despite ‘Confusion’

    August 19, 2022

    Tornado Cash User Continues to Send ETH to Prominent Figures, Buterin Admits He Used the Mixer

    August 17, 2022

    Chinese Parents to Use Digital CNY ‘Smart Contracts’ to Pay for After-school Lessons

    August 19, 2022

    Blockchain Protocol Antelope Takes ‘Leap of Freedom’ as it Forks Of EOSIO; EOS Jumps

    August 18, 2022

    Bitcoin and Ethereum Stuck In Range, DOGE Resumes Rally

    August 18, 2022

    Crypto Listing and Delisting Announcements: Week 33

    August 18, 2022

    FTX US among 5 companies to receive cease and desist letters from FDIC

    August 19, 2022

    What is an NFT and why are they so popular?

    August 19, 2022

    Crypto.com Users Can Shop in 175 OTR Stores, BTG Pactual Launched Crypto Trading Platform, CDPQ Wrote Off Stake in Celsius + More News

    August 19, 2022

    Price analysis 8/19: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX

    August 19, 2022
  • Blockchain
  • Analysis
  • DeFi
  • NFT
  • ICO
  • Videos

    The Crypto Metaverse is Growing RAPIDLY! (INSANE MICROSOFT BUY)

    January 18, 2022

    BEST Crypto Safety Guide 101 (Keep Your $$ SAFE with Passphrases)

    January 18, 2022

    SHOCKING: Microsoft Enters the CRYPTO METAVERSE!!! (HUGE $69 Billion CASH Buy)

    January 18, 2022

    URGENT NEWS For Cardano Holders!! (MUST Watch Before Jan 20)

    January 17, 2022

    ⚠️ WARNING To All Bitcoin Holders ⚠️ (Time is RUNNING OUT!!!)

    January 17, 2022
  • bitcoinBitcoin(BTC)
    $42,304.00-0.92% 24H
    BITCOIN
    24H : -0.92%
    Volume : $18,001,823,455.00
    Marketcap : $804,136,324,461.00
  • ethereumEthereum(ETH)
    $3,187.18-1.80% 24H
    ETHEREUM
    24H : -1.80%
    Volume : $11,828,130,842.00
    Marketcap : $383,283,409,099.00
  • tetherTether(USDT)
    $1.000.020% 24H
    TETHER
    24H : 0.020%
    Volume : $42,292,952,195.00
    Marketcap : $82,566,134,570.00
  • binancecoinBNB(BNB)
    $416.19-2.16% 24H
    BNB
    24H : -2.16%
    Volume : $1,421,783,549.00
    Marketcap : $69,948,357,062.00
  • usd-coinUSD Coin(USDC)
    $0.9980.110% 24H
    USD COIN
    24H : 0.110%
    Volume : $3,215,590,549.00
    Marketcap : $50,856,931,622.00
  • solanaSolana(SOL)
    $110.52-1.25% 24H
    SOLANA
    24H : -1.25%
    Volume : $1,326,948,052.00
    Marketcap : $36,230,891,086.00
  • rippleXRP(XRP)
    $0.744-2.62% 24H
    XRP
    24H : -2.62%
    Volume : $2,611,405,064.00
    Marketcap : $35,798,721,281.00
  • cardanoCardano(ADA)
    $1.02-1.97% 24H
    CARDANO
    24H : -1.97%
    Volume : $735,911,632.00
    Marketcap : $32,692,285,870.00
  • terra-lunaTerra(LUNA)
    $87.96-7.21% 24H
    TERRA
    24H : -7.21%
    Volume : $2,091,404,457.00
    Marketcap : $31,224,000,667.00
  • avalanche-2Avalanche(AVAX)
    $79.94-4.23% 24H
    AVALANCHE
    24H : -4.23%
    Volume : $651,461,780.00
    Marketcap : $21,345,345,382.00
  • polkadotPolkadot(DOT)
    $18.98-3.96% 24H
    POLKADOT
    24H : -3.96%
    Volume : $522,492,664.00
    Marketcap : $20,904,948,600.00
  • dogecoinDogecoin(DOGE)
    $0.147-0.35% 24H
    DOGECOIN
    24H : -0.35%
    Volume : $1,709,936,369.00
    Marketcap : $19,528,083,067.00
  • binance-usdBinance USD(BUSD)
    $0.9990.100% 24H
    BINANCE USD
    24H : 0.100%
    Volume : $3,031,521,102.00
    Marketcap : $17,907,585,119.00
  • terrausdTerraUSD(UST)
    $1.000.00% 24H
    TERRAUSD
    24H : 0.00%
    Volume : $710,407,989.00
    Marketcap : $16,759,326,710.00
  • shiba-inuShiba Inu(SHIB)
    $0.000024-0.91% 24H
    SHIBA INU
    24H : -0.91%
    Volume : $622,427,689.00
    Marketcap : $13,391,607,837.00
  • wrapped-bitcoinWrapped Bitcoin(WBTC)
    $42,263.00-1.06% 24H
    WRAPPED BITCOIN
    24H : -1.06%
    Volume : $205,987,180.00
    Marketcap : $11,648,041,723.00
  • crypto-com-chainCronos(CRO)
    $0.437-1.87% 24H
    CRONOS
    24H : -1.87%
    Volume : $43,191,918.00
    Marketcap : $11,045,868,142.00
  • nearNEAR Protocol(NEAR)
    $15.96-4.67% 24H
    NEAR PROTOCOL
    24H : -4.67%
    Volume : $1,001,407,008.00
    Marketcap : $10,603,423,829.00
  • staked-etherLido Staked Ether(STETH)
    $3,182.92-1.85% 24H
    LIDO STAKED ETHER
    24H : -1.85%
    Volume : $8,945,498.00
    Marketcap : $10,259,684,260.00
  • matic-networkPolygon(MATIC)
    $1.43-2.09% 24H
    POLYGON
    24H : -2.09%
    Volume : $379,202,804.00
    Marketcap : $9,786,905,958.00
Cryptocurrency Report
Home » Number of Devs on Solana, Polygon, Cardano & Co Growing Faster Than on Ethereum
Ethereum

Number of Devs on Solana, Polygon, Cardano & Co Growing Faster Than on Ethereum

CryptoReporterBy CryptoReporterJanuary 20, 2022No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
Source: iStock/izusek

 

Looking at the number of developers, blockchain platforms known in the crypto community as “Ethereum Killers” are growing at a faster rate than Ethereum (ETH) did at similar points in its history. However, Ethereum is still by far the largest ecosystem, retaining 30% of full-time developers who have joined crypto since 2017. 

According to a recent report by the crypto research firm Electric Capital, between December 2020 and December 2021, the number of Solana (SOL)’s monthly active developers grew the most, rising by a factor of 4.9x. Subsequently, NEAR saw a 4x growth, Polygon (MATIC) more than 2x, and Cardano (ADA) nearly doubled its monthly active developers. 

Similarly, smaller ecosystems (those with less than 300 developers) also saw huge growth figures over the past year. 

“Terra, ICP, Fantom, and Harmony all 4x’ed their developers in 2021. Both Avalanche and Algorand grew their developers by 3x,” the report said.

The report noted that there are over 18,000 monthly active developers that commit code in open source crypto and Web 3.0 projects, while over 34,000 new developers committed code last year. Of that tally, more than 4,000 monthly active open-source developers work on Ethereum, and around 680 work on Bitcoin (BTC).

As per the report, the largest developer ecosystems in crypto and Web 3.0 are Ethereum, Polkadot (DOT), Cosmos (ATOM), Solana, Bitcoin, Binance Smart Chain (BSC), NEAR, Avalanche, Tezos (XTZ), Polygon, and Cardano — each with over 250 monthly active developers at least. 

That said, the report found that,

“Ethereum continues to have the largest ecosystem of tools, apps, and protocols, and is 2.8x larger than the second largest ecosystem. One out of every five new developers coming into Web3 works on Ethereum.”

As the second-largest ecosystem, Polkadot is estimated to have around 1,500 developers in total. Other large ecosystems Cosmos and Solana are projected to have around a thousand each.

Meanwhile, Bitcoin averaged more than 600 monthly active developers in December 2021, and it has more than 100 new developers coming into its ecosystem each month.

Source: Electric Capital

Despite the record-breaking growth of developers in Web 3.0, it is worth noting that the ecosystem still holds a small portion of software engineers globally. 

“Less than 1,000 full-time developers are responsible for over [USD] 100 billion in total value locked in smart contracts,” the report said.

To gain the results for their report, Electric Capital used around 500,000 code repositories and 160m code commits, which are revisions or updates across crypto projects. 

____

Learn more:

– Ethereum is Halfway Towards its ‘Grand Vision’ – Vitalik Buterin
– Vitalik Buterin Over the Past Decade: How Right or Wrong Was He?

– Another Step Towards ETH 2.0: Ethereum Devs Ask the Community to Test on Kintsugi Testnet
– Crypto Industry Insiders Share Top Ethereum, DeFi, Gaming, and TradFi Trends for 2022

– Ethereum Needs to Try Harder To Keep Its Dominance in a Multichain Future
– Put Away the Ethereum ‘Knives,’ We Come in Peace – Solana Co-founder

– Ethereum Developers On Why They Don’t See Cardano & Binance Chain As Rivals
– Binance Chain is On ‘a Parabola’, Surpassing Ethereum in Several Metrics

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin and Ethereum Consolidate Near Key Supports

August 19, 2022

Ethereum Developers Looking for Potential Merge Dates

August 19, 2022

Ethereum’s Last Test Before the Merge ‘Quite Good’ Despite ‘Confusion’

August 19, 2022

Tornado Cash User Continues to Send ETH to Prominent Figures, Buterin Admits He Used the Mixer

August 17, 2022

Business Exec’s Noisy Illegal Ethereum Mining Rigs Left Employees Sweltering in 40°C Furnace

August 16, 2022

Ethereum’s Vitalik Buterin Lists ‘Worthwhile’ Ideas for Developers to Work On

August 12, 2022
Add A Comment

Leave A Reply Cancel Reply

Top Posts

FTX US among 5 companies to receive cease and desist letters from FDIC

August 19, 2022

What is an NFT and why are they so popular?

August 19, 2022

Crypto.com Users Can Shop in 175 OTR Stores, BTG Pactual Launched Crypto Trading Platform, CDPQ Wrote Off Stake in Celsius + More News

August 19, 2022

Subscribe to Updates

Get the latest sports news and analysis about crypto coins and the latest news about domains from Techie Memo.

Advertisement

Your number 1 source for all Cryptocurrency news and analysis. here you can follow all updates and latest rates for all currencies. Visit our about page for more information.

We're social. Connect with us:

Facebook Twitter Instagram YouTube LinkedIn
Top Insights

FTX US among 5 companies to receive cease and desist letters from FDIC

August 19, 2022

What is an NFT and why are they so popular?

August 19, 2022

Crypto.com Users Can Shop in 175 OTR Stores, BTG Pactual Launched Crypto Trading Platform, CDPQ Wrote Off Stake in Celsius + More News

August 19, 2022
Get Informed

Subscribe to Updates

Get the latest sports news and analysis about crypto coins.

Facebook Twitter Instagram LinkedIn
  • Guest Post
  • Privacy Policy
  • Terms & Conditions
  • Contact
© 2022 Cryptocurrency Report. Designed by Sawah Dev.

Type above and press Enter to search. Press Esc to cancel.