Asia surpasses North America in crypto developer activity growth in 2024

• Asia now holds 32% of global crypto dev activity, tripling its share since 2015.
• India ranks second globally with 11.7% of crypto developer share in 2024.
• Solana surpassed Ethereum, attracting 7,625 new devs versus Ethereum’s 6,456 in 2024.

There have been changes in the geographical distribution of developer activity, and currently, Asia is leading the crypto-industrial revolution. Electric Capital’s 2024 Developer Report stated that Asia had a 32% share of the global crypto developers’ activity, 12% in 2015. This kind of growth has not been witnessed in North America, where the share fell from 43% to 24% during the same period.

India has been one of the key drivers of this change. It has 11.7% of the market share, which places it behind only the United States. This is a fascinating trajectory where new geographic territories actively engage and chart the path for creating cryptocurrency and blockchain solutions.

Established Developers and Platform Dynamics

Although the total number of crypto developers is down by 7%, the number of developers with over two years of experience has grown by 27%. These experienced developers have become involved with more than 70% of the code commit rates in various leading blockchain domains, showing their increasing power in the industry.

The report also indicates that new developers are changing their platform preferences. Although Ethereum remains the most active network in total developer activity, Solana is attracting new talent, with 7,625 new developers, as opposed to Ethereum’s 6,456. Such a shift reflects a diversification of the ecosystem, though Internet Computer, Aptos, Base, Bitcoin, Sui, NEAR, Polkadot, and Polygon also witnessed intense new developer acquisitions.

Future of Crypto Development

Development in the crypto space is progressing, with trends showing improvements in Asia, Africa, and South America. There is a trend toward increased technical expertise, and the influx of new talent from emerging markets also refers to less Westernisation of the industry.

There are 21.32 million software developers worldwide, and 39,148 joined the industry in 2024 alone, indicating increasing talent despite the issue. This indicates a maturing market that is still interesting for software professionals worldwide, pointing towards a growing and strong international market for blockchain solutions.