The standoff between Solana and Ethereum is intensifying, and neither adversary seems ready to back down. While Solana continues to demonstrate its potential as a serious rival through an aggressive strategy, Ethereum maintains its position as the undisputed leader in the sector. But behind this rivalry lies a surprising trend: in 2024, Solana has attracted more new crypto developers than Ethereum, marking a historic turning point in the blockchain universe.
Solana vs Ethereum: a race for developers
Solana news: in 2024, the Solana blockchain has attracted no less than 7,625 new developerssurpassing Ethereum for the first time since 2016. With an increase of 83% of its new recruits, Solana was able to capitalize on its strengths : low fees and unbeatable transaction speed.
Meanwhile, Ethereum saw its number of monthly active developers fall 17%, stabilizing at 6,244.
Despite this decline, Ethereum remains the blockchain with the largest number of developers in the world. A large portion of this activity comes from layer 2 solutions, such as Optimism and Arbitrum, which represent 56% of Ethereum developers.
Maria Shen, partner at Electric Capital, underlines :
“ Ethereum Dominates Thanks to Its Deep Network Effects, and the Data Backs It Up “.
Some notable figures for 2024 :
- Solana: +1,000 more developers than Ethereum.
- Record increase of 167% for Eigenlayer, an innovative project on Ethereum.
- Moderate decline in full-time developers on Ethereum (-4%).
If Solana continues to advance by leaps and bounds, Ethereum remains a juggernaut that even its most ambitious rivals struggle to dislodge.
Crypto and blockchain: an increasingly global landscape
Beyond this rivalry, the Electric Capital report reveals a global transformation in the crypto developer sector. Asia overtook North America in 2024, becoming the leading blockchain talent hub. With India representing 17% of new developers, the Asian continent perfectly illustrates this redistribution of cards.
To UNITED STATEShowever, all is not lost: the country still retains 19% of total active crypto developers. However, Maria Shen notes that “ crypto is designed to be borderless », calling for greater global diversity.
The rise of developers in Asia is partly based on a series of local initiatives : hackathons, technical training and community support. This global expansion promises to make the blockchain ecosystem even more robust, while increasing competition for attract the best talents.
In this record year for Solana, 2024 will be remembered as a crucial milestone. Yet investors always want more. As December draws to a close, they are closely monitoring the evolution of their favorite blockchain, ready to anticipate the next trends.
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