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Solana surpasses Ethereum as top ecosystem for new developers

Solana surpasses Ethereum as top ecosystem for new developers

GrafaGrafa2024/12/13 05:40
By:Liezl Gambe

Solana (CRYPTO:SOL) has overtaken Ethereum (CRYPTO:ETH) as the leading ecosystem for new developers in 2024. 

This marks the end of Ethereum's eight-year dominance in this area.

According to a report from Electric Capital released on December 12, Solana onboarded more new developers than Ethereum for the first time since 2016. 

In total, 7,625 new developers joined Solana, compared to Ethereum's 6,456.

The report highlights that Solana experienced an impressive 83% increase in developer activity compared to the previous year.

Throughout 2024, Solana briefly surpassed Ethereum in several metrics, including network activity on March 18 and daily network fee generation on October 28.

Overall, the report noted that 39,148 new developers entered the crypto space this year, reflecting a 7% decline from last year and about half of the all-time high of over 77,000 new developers in 2022.

Despite Solana's rise in attracting new developers, Ethereum remains the top ecosystem for total developer activity globally. 

Electric Capital's data indicates that Ethereum continues to have the most active developers across all continents, with a monthly developer count of 6,244.

Ethereum's layer-2 networks have also seen significant growth of 64% since 2021, with approximately 26% of all monthly crypto developers working on these solutions.

Eigenlayer, a primary restaking protocol on Ethereum, recorded the fastest growth among developer ecosystems in 2024, with a remarkable 167% increase in monthly developers.

The report also noted that crypto development is expanding globally, with notable increases in Africa, South America, and Asia. 

Asia has emerged as a key hub for crypto development, contributing to one-third of global developers. 

At the time of reporting, the Ethereum price was $3,922.18, and the Solana price was $226.19.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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