Solana Saw Major Developer Increase in 2024, Says Report
By Mark Hunter
21 hours agoFri Dec 13 2024 09:11:53
Reading Time: 2 minutes
- Solana has emerged as the leading blockchain ecosystem for new developers in 2024, according to Electric Capital’s latest report
- The network has experienced a 14% increase in developer activity from the previous year, now hosting approximately 2,856 active developers
- This growth surpasses other blockchain platforms, highlighting Solana’s appeal to developers seeking scalability and efficiency
Solana was the top blockchain for new developers in 2024, according to venture firm Electric Capital. The blockchain reported a 14% year-over-year increase in developer activity this year, with around 2,856 active developers contributing to the network, retaining the crown it won in 2022. However, Ethereum remains the top blockchain by total developer share across the five regions monitored.
Developer Growth and Ecosystem Expansion
Electric Capital’s report highlights Solana’s continued growth, which is especially notable considering the overall 24% decrease in cryptocurrency developers across the industry. Solana’s ability to attract and retain developers would appear to underscore its scalability and efficiency, which are appealing to those building decentralized applications.
In comparison, Ethereum, the largest blockchain developer ecosystem, experienced a 22% decline in active developers from its peak in June 2022. Other platforms like Polkadot and Cosmos also saw decreases in developer activity, with Solana’s contrasting growth suggestive of developers increasingly favoring its high throughput and low transaction costs.
Solana Regains its Crown
Solana’s growth is not only in developer numbers but also in the quality of projects being developed. The network’s architecture allows for rapid transaction processing, which is crucial for applications requiring high scalability a technical advantage which, when combined with a supportive developer community, makes Solana an attractive platform for new and existing developers.
Solana was named the biggest growing platform for developers by Electric Capital in 2022, and its reemergence as the leading ecosystem for new developers in 2024 reflects its commitment to providing a scalable and efficient platform for decentralized applications.
