Friday, January 28, 2022
Home Crypto News Market Last Year NEAR, Solana And Terra Saw Most Growth In Full Time...

Last Year NEAR, Solana And Terra Saw Most Growth In Full Time Developers

- Advertisement -

Undoubtedly, Ethereum remains at the top of the list of active developers, but NEAR, Solana, And Terra saw the most growth in developers.

Jeff Kauflin of Forbes dives into ElectricCapital’s report that shows which blockchains attracted the most developers in 2021.

Electric Capital compiled the data from GitHub, the go-to online repository where developers store their code, to estimate how many developers work on each platform. However, their data underestimates the total number of developers as the code written privately cannot be captured by GitHub.

Electric Capital research data prove the crypto industry’s growth as the developers actively working on cryptocurrency platforms increased from 8,000 to 18,000 in just one year.

This figure comes after analyzing 500,000 sets of code and 160 million code updates by Electric Capital.

Avichal Garg, a managing partner at crypto-focused venture firm Electric Capital, said:

“Developers tend to be pretty rational. If there’s something they can play with that has real utility, developers have this ability to go find that thing,”  He views the number of developers working on a crypto network “as a leading indicator of where value will be created and accrue; over the next ten years.” 

Looking into the data, Electric Capital found that Ethereum is leading all the platforms, as the research found that 1,300 full-time developers are busy creating applications on it. While Polkadot comes second with 529, then Cosmos 303, Solana 228, Bitcoin 217, Near 137, Cardano 118, Kasuma 110, Tezos 86 while Binance smart chain had 84 active developers as of Dec 21.

active developers
image source: Forbes

In terms of growth in full-time developers, Solana (SOL), Near Protocol (NEAR), and Terra (Luna) attracted hundreds of developers, surprising many crypto gurus. Terra active developers rose by 313%, while Solana and Near active developers increased by 307% and 291%, respectively.

developer growth
image source: Forbes

Solana and Near are famous for offering grants to software developers who agree to build applications on their respective systems.

Several applications built on the Solana range from crypto trading exchanges and lending products to music apps, all have gained immense popularity.

The research concludes that Ethereum is still the top choice of the developer as one in every four new crypto developers who entered the industry over the last year chose to build on Ethereum.

- Advertisement -
Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

FLOKI Partners With Crypto Education Specialists TechTree to Build the Premier Crypto Educational Platform “Floki University”

Floki Inu (FLOKI) recently declared via tweet that it has partnered with TechTree, the core educational platform for crypto and De-Fi - a core...

Crypto Relief India has decided to move $100 Million USDC Back to Vitalik Buterin Wallet with the Intention to Accelerate Relief Efforts in India

Sandeep Nailwal, a cofounder of Polygon (MATIC) and founder of Crypto Relief, has just posted a CryptoRelief Update via his official Twitter handle. According to...

Ripple Supporters May Wait Until Next Year Before SEC Lawsuit Will End

John Deaton said Ripple supporters may have to wait until next year before a verdict is given in the  lawsuit filed by the Securities...

DeFi Wallet Ambire Gains Momentum, Launches $WALLET Token on Huobi Primelist

Sofia, Bulgaria, 28th January, 2022, — DeFi-focused crypto wallet by Ambire is launching its much anticipated governance token on the Huobi exchange. Ambire...

Celebrate Lunar Spring Festival With Theme: A Holiday For Some, Rewards For Everyone. wishes all its users a very happy Lunar Spring Festival! May the year of the Tiger bring you health, wealth, love, and prosperity.

Bradenton Hot Dog Restaurant Embraces Dogecoin As Payment

A Bradenton restaurant named Willy-Yums has announced that customers can now pay for their favorite hot dog sandwiches using popular cryptocurrency dogecoin (DOGE). 

Some Major Thing Coming For SHIB, Shiba Inu Team Teases: ‘Something Is Cooking, Will You Be Ready’

Nowadays, Shiba Inu (SHIB) teases its holders and followers with new surprises. window.coinzilla_display = window.coinzilla_display || ; ...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.