DevOps Articles

Crypto Winter Puts Dampener on Web3 Developer Growth

https://thenewstack.io/web3-developer-ecosystem/, there were over 18,000 monthly active developers in the Web3 ecosystem, according to the crypto VC firm Electric Capital. The firm has just released a https://www.developerreport.com/developer-report, which states there are 23,343 monthly developers as of December 2022.

Electric Capital states that it “tracked over 9,000 ecosystems and over 163,000 repositories specifically dedicated to crypto” for the new report. Overall, the number of monthly active developers rose 5% year-over-year — not bad considering the crypto crash, but this is also partly due to the natural rate of growth for all developers. Before we take a closer look at the developer activity statistics, it’s interesting to note the different categories of developers in Web3: The report states that 72% of monthly active devs work outside the Bitcoin and Ethereum ecosystem.