Balances are Changing in Cryptocurrencies: There are significant differences in developer details compared to the previous year!

The crypto currency sector experienced a mixed year in developer growth in 2024; there was a slight decrease in overall numbers, but long-term fundamental trends continued to strengthen.

As new developers explore the space, the number of full-time roles has decreased and significant regional shifts have occurred with Asia emerging as a dominant center for crypto development. Please enter the source text to be translated. Despite the influx of 39,148 new developers entering the crypto space in 2024, the total number of developers working in the sector decreased by 7% compared to the previous year. However, the ecosystem witnessed record activity from established developers (those with two or more years of experience), with their numbers increasing by 27% YoY and accounting for 70% of all code submissions.

In 2024, Asia surpassed North America as the best region for crypto developers, signaling a major shift in the industry's geographical landscape. India played a significant role in this transition by attracting the highest number of new crypto developers throughout the year. While the United States remains the leading country with a 19% developer share, this figure has significantly declined from the 38% share in 2015. North America is currently ranked third in developer share behind Asia and Europe.

Ethereum continues to dominate as the best ecosystem for developer activity on every continent. In particular, Base, an Ethereum layer-2 solution, was responsible for 42% of all new code written in the Ethereum ecosystem in 2024. Meanwhile, Solana emerged as the leading ecosystem in attracting new developers, growing by 83% compared to the previous year.

Developers are increasingly working on multiple blockchain platforms. One out of every three developers, who were below 10% in 2015, now contribute to multiple chains. Bitcoin also maintains a stable developer base, with 42% focusing on scaling solutions such as Lightning Network.

Crypto activity now covers all time zones and reflects its truly global adoption. Stablecoin transactions have consistently increased by 2-3% during Asia, European, and African business hours. On the other hand, NFT trading peaks during American business hours, while minting activity increases during Asia business hours, highlighting regional differences in crypto usage.