– Monthly active developers across the crypto ecosystem decreased by 28% year-on-year in October.
– However, Ethereum layer-2 scaling solutions Starknet and zkSync saw an increase in their total monthly active developer counts.
– Starknet and zkSync recorded increases of 3% and 6% respectively, while Ethereum, Polygon, and Solana saw their counts fall by 23%, 43%, and 57%.
– Total monthly active developers in the cryptocurrency ecosystem fell by 27.7% over the last 12 months.
– Chainlink, Stellar, Aztec Protocol, and Ripple also increased their developer counts, although their total monthly active developers were lower than zkSync and Starknet.
– Starknet’s “Quantum Leap” went live in July and aims to increase Ethereum’s transactions per second.
– zkSync has been working on zero-knowledge Ethereum Virtual Machine (zkEVM) solutions to further scale Ethereum.
– The departing active monthly developers were mostly newcomers, while established and emerging developers remained relatively steady.
– This cyclical trend is common in the developer market during bull and bear markets.
– Electric Capital obtains its data from code repos and code commits on GitHub.
