48% fewer new crypto coders last year - developer report
Newcomers account for the highest percentage of developers that have left the industry over the past 12 months. The number of new developers entering the cryptocurrency sector has dropped by nearly 50 percent over the past year, according to research from Electric Capital’s Developer Report. The latest gauge of the state of the cryptocurrency developer ecosystem indicates that long-term coders that have worked in the industry for over a year commit more code and work more days than developers that have left. According to the data, the cryptocurrency ecosystem has an estimated 21,300 monthly active open source developers as of June 1. The space has seen a 22% decline in the number of developers since June 2022. The caveat is that developers that have exited the space are classified as “newcomers” that worked in the industry for less than a year. The impact of the departure of these developers was made less significant considering that they were responsible for less than 20% of all code...