A report by Electric Capital reveals that Asia is now responsible for 32% of global crypto developer activity, marking a significant rise from just 12% in 2015. The report analyzed over 902 million code commits, highlighting India's emergence as a key player, contributing 11.7% of the global developer share. The influx of new talent in Asia is reshaping industry dynamics, with over 39,000 new developers entering the space in 2024, primarily favoring Solana over Ethereum. Although global active development declined by 7%, the number of established developers with over two years of experience increased by 27%, now comprising over 70% of code commits. Emerging blockchain platforms like Internet Computer and Aptos are also attracting new developers, indicating a shift towards growth in previously underrepresented regions in the crypto space. This development reflects the crypto industry’s maturation and geographic diversification, signaling a move beyond Western dominance.

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