What are the at the moment most dynamic blockchain ecosystems? – CryptoSlate

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A recent report from Electric Capital that analyzed nearly 500,000 code repositories and 160 million code commits across the Web3 found the top blockchain ecosystems based on one of the most important “indicators of value creation” – the commitment of the developers.

In order to create its Developer Report 2021, the venture company focused only on open source repositories in the early stages, derived non-original commits and only attributed upstream authors and ecosystems that produce code – regardless of no-libraries and Elimination of machine generated code.

65% of active developers in Web3 joined in 2021

Web3 development is at an all-time high, as 65% of active developers jumped on board last year alone. The number of new developers transferring code in 2021 topped 34,000 – the highest in history – a 14% increase compared to 2018, previously considered the year with the highest engagement.

Web3 monthly active developers since 2009 (source: Electric Capital)

As of January 2021, 7,895 monthly active developers flocked to Web3 – a 75% increase in one year. According to the report, the number of monthly active developers increased during times of rising prices, but remained constant during times of downturn.

Monthly Developer vs. Web3 Network Value (Electric Capital)Monthly Developer vs. Web3 Network Value (Source: Electric Capital)

More than 18,400 monthly active developers are writing code in open source crypto and Web3 projects, the report revealed, noting that more than 4,000 of them are working on Ethereum, while the number working on Bitcoin is over 680 located.

Overall developer: Ethereum and Polkadot (Electric Capital)Overall developer: Ethereum and Polkadot (Source: Electric Capital)

Polkadot emerged as “in a class of its own with clearly the strongest developer growth since the introduction of a Web3 protocol and by far the largest developer community outside of Ethereum,” commented Polkadot founder Gavin Wood on the report.

The new ecosystem developer analysis from @ElectricCapital shows @Polkadot literally in a class of its own with clearly the strongest developer growth since the introduction of a Web3 protocol and by far the largest developer community outside of Ethereum. https://t.co/Tu6OQ7MMeX pic.twitter.com/3X0qWzleYd

– Gavin Wood (@gavofyork) January 6, 2022

Meanwhile 30% of all developers write code on Ethereum Virtual Machine (EVM) compatible Layer-1s.

If you look past Ethereum and Bitcoin, Polkadot, Cosmos, Solana, BSC, NEAR, Avalanche, Tezos, Polygon and Cardano emerged as ecosystems that have more than 250 monthly active developers.

While over 20% of new Web3 developers joined the Ethereum ecosystem, several other blockchains attracted impressive numbers in 2021.

In fact, Polkadot, Solana, NEAR, BSC, Avalanche and Terra build their teams faster than Ethereum – if they are indexed to the date from the first commit.

According to the report, more than 2,500 developers are working on DeFi projects, and fewer than 1,000 of the full-time employees are responsible for over $ 100 billion in TVL in smart contracts.

The liveliest ecosystems

The report also compared the average monthly active developers between December 2020 and December 2021.

As for large ecosystems with 300+ developers, Solana showed up at the fastest rate of growth – growing almost five times in 2021.

NEAR followed by quadruple growth over the course of the year – in 2021 it became the sixth largest ecosystem, approaching the five largest – Ethereum, Polkadot, Cosmos, Solana and Bitcoin.

Total developers: ecosystems between 300 and 1000 developers (electric capital)Total developers: ecosystems between 300 and 1000 developers (source: Electric Capital)

Meanwhile, Polygon’s monthly developers more than doubled, while Cardano followed with 90% growth.

BSC, Cosmos and Bitcoin followed suit, increasing their monthly developer numbers by 80%, 70% and 10% respectively.

Total developers: ecosystems between 300 and 1000 developers (electric capital)Total developers: ecosystems between 300 and 1000 developers (source: Electric Capital)

Eventually, the report delved into medium-sized and smaller ecosystems with fewer than 300 developers.

Comparing the average monthly active developers between December 2020 and December 2021 – Terra, ICP, Fantom and Harmony quadrupled their teams, while Avalanche and Algorand followed and tripled their teams.

Total developers: ecosystems between 51 and 300 developers (electric capital)Overall developer: ecosystems between 51 and 300 developers (source: Electric Capital)

Zoom only to full-time developer, Terra (312%), Solana (307%), NEAR (291%), Fantom (271%), Avalanche (179%), Polygon (175%), Kusama (161%). , Dfinity (146%), Moonriver (125) and Algorand (116%) are the fastest growing ecosystems.

While Electric Capital noted that the report omitted developers involved in backporting, testing, and release engineering, it also underlined that the growth rates observed are potentially higher as many projects are initially closed source.

Posted in: Edge, Technology

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