Electric Capital publishes its 2021 development report


Crypto developer activity hit record high in 2021

SAN FRANCISCO, January 6, 2022 / PRNewswire / – Electric Capital today released its Developer 2021 Report, the industry standard for understanding the landscape of crypto developer ecosystems. We analyzed nearly 500K Code repositories and 160 million codes commit to create the 2021 Electric Capital Developer report.

Crypto developer activity hit record high in 2021
2021 has been an exciting year for Layer 1, DeFi, and the entire blockchain ecosystem. Some key information:

  1. 2021 reached a record high of more than 18K monthly active developers
  2. 65% of active crypto developers joined in 2021
  3. Ethereum, Polkadot, Cosmos, Solana, and Bitcoin were the 5 largest developer ecosystems

Ethereum and Bitcoin continue to grow
Ethereum and Bitcoin added developers in 2021, increasing 42% and 9% respectively. Ethereum continues to have the largest ecosystem of tools, applications, and protocols, with a developer community 2.8 times the size of the 2nd largest ecosystem. Ethereum attracts 20% of total new crypto developers and has the best retention of developers who have stayed beyond 4 year.

Which ecosystems are growing the fastest?
Ethereum, Polkadot, Cosmos, Solana and Bitcoin were the 5 largest developer ecosystems in 2021. Solana experienced 5x growth while NEAR moved to 6th ecosystem with 4x + growth. Polygon, Binance Smart Chain, and Cardano all more than doubled their ecosystems in 2021.

Polkadot, Solana, NEAR, BSC, Avalanche, and Terra are growing faster than Ethereum at the same time in its history.

For more information, we recommend that you read the 2021 Electric Capital Developer report directly.

About Electric Capital
Electric Capital is a leading Web3 and blockchain venture capital firm. We invest in cryptocurrencies, blockchain-based businesses, fintech companies, and markets. Our team of founders and builders compile code, analyze blockchains, profile nodes, help secure crypto networks, and generally contribute to the crypto community. The Electric Capital Developer annual report is the industry standard for understanding developer ecosystems on crypto networks. Electric Capital and its founders have invested in crypto companies such as Anchorage, Bitwise, Celo, Coda, DerivaDex, Elrond, dYdX, Lightning Labs, Mobilecoin, Oasis, and NEAR.

Media contact:
Maria shen

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