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Solana has emerged as the leading ecosystem for new developers in 2024, particularly in Asia, where it accounts for nearly 30% of new developers in India. The network also dominates in NFTs and DEX transactions, with 57% of NFT minters and 81% of DEX transactions occurring on Solana. Analysts remain bullish on SOL, predicting potential price gains, with targets suggesting a move to $230 by the end of the week and around $260 by year-end.
Crypto developer activity is surging in Asia, with the region accounting for 32% of global activity in 2024, a significant rise from 12% in 2015. India leads this growth, contributing 11.7% of the global share, while established developers now represent over 70% of code commits. Despite a 7% decline in overall developer numbers, over 39,000 new developers joined the space in 2024, with Solana emerging as the preferred platform for newcomers.
In 2024, Solana has surpassed Ethereum in attracting new developers, with 7,625 compared to Ethereum's 6,820, marking a significant milestone for the blockchain ecosystem. This growth is driven by Solana's low-cost, scalable transactions, appealing to developers in decentralized finance and gaming. Meanwhile, Ethereum maintains a strong global developer base, bolstered by Layer 2 solutions, despite regional shifts showing Asia's rise in developer activity.
In 2024, Solana surpassed Ethereum as the leading chain for new developers, marking a significant shift in the crypto landscape. Asia has emerged as the top region for crypto development, overtaking North America, which has fallen to third place. The report highlights Ethereum's resilience through Layer 2 solutions, the steady Bitcoin developer ecosystem, and the growing interest in emerging projects like EigenLayer.
In 2024, Solana outpaced Ethereum by attracting 7,625 new developers, marking a historic shift in the blockchain landscape. This 83% increase contrasts with Ethereum's 17% decline, stabilizing at 6,244 developers, despite its continued dominance in the sector. Asia emerged as the leading hub for blockchain talent, with India contributing 17% of new developers, while the U.S. retained 19% of active crypto developers. This global transformation highlights the increasing competition for top talent in the crypto space.
In 2024, Solana has emerged as the leading blockchain for new developers, attracting 7,625 of the 39,148 newcomers, surpassing Ethereum for the first time. While Ethereum remains the most popular network globally, Asia has overtaken North America in developer share, reflecting a significant geographical shift in the crypto development landscape.
In 2024, Solana attracted 7,625 new developers, surpassing Ethereum for the first time since 2016, which saw a decline of 17% in its monthly active developer count. Asia emerged as the leading continent for blockchain developers, with India contributing 17% of the new talent, while the U.S. retained the largest overall developer base at 19%. Despite the shift, Ethereum's layer-2 ecosystem continues to drive significant activity.
Maria Shengelaya
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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