As the crypto developer ecosystem expands, major ecosystems outside of the top two cryptocurrencies — Bitcoin and Ethereum — are growing, according to a new report.
About 72% of monthly active developers (devs) are working on blockchains that are not part of the Bitcoin and Ethereum networks, according to the 2022 Electric Capital Developer Report, which trawled code commits across open source repositories.
Solana saw the highest number of new developers contributing to the ecosystem, with its developer count rising by 83%, the fastest of any major blockchain. Compared to that, Polygon saw a 40% rise in developer count, Cosmos saw 25% and Polkadot saw 2%, the report showed.
“Developers will build where they see technology advantages, and Solana delivers faster transactions and lower costs than alternatives,” Solana co-founder Raj Gokal told TechCrunch. “But they will also build where they see other kinds of advantages, such as an active community.”
The growth of the developer ecosystem on Solana can be attributed to a mix of education efforts and resources, community engagement, technical advantages and business opportunities, Gokal said.
Even with around 2,000 total developers as of December 2022, Solana is still about 3,500 developers short of Ethereum’s count, which had a total of about 5,700 developers. It’s important to note, though, that Ethereum launched in 2013 and Solana launched in 2018, so the former has enjoyed a five-year head start.
These Solana developers are working on “a range of use cases,” from evolving the NFT and DeFi spaces to getting retailers to experiment with decentralized payment rails like Solana Pay, Gokal said. “Right now, game devs on Solana are very active and innovating heavily to create games that are both fun to play and rewarding for players to participate.”