News Explorer — Developers Are Fleeing Crypto, Data Shows

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Oct 5, 6:40 pm

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Developers Are Fleeing Crypto, Data Shows

The number of active developers in the crypto industry has dropped to its lowest point since 2020, according to data from Andreessen Horowitz and Electric Capital. The number of active devs has nearly halved from its peak in January 2022, going from 36,500 to 19,630 in September 2023. This decline in active developers is attributed to a potential shift towards crypto's application layer, where activity is rising but harder to track on an individual basis.

The number of active developers in the crypto industry has dropped to its lowest point since 2020, according to data from Andreessen Horowitz and Electric Capital. The number of active devs has nearly halved from its peak in January 2022, going from 36,500 to 19,630 in September 2023. This decline in active developers is attributed to a potential shift towards crypto's application layer, where activity is rising but harder to track on an individual basis.

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