Top Web3 Crypto Programming Ecosystems
Michael Spencer
A.I. Writer, researcher and curator - full-time Newsletter publication manager.
Crypto Landscape for Programmers and Blockchain Enthusiasts
Writing about A.I. has given me the opportunity to think more about datascience, programming and technology trends for new professionals. As such I made a new newsletter called Data Science Learning Center, which you can?sign-up for free here:
https://datasciencelearningcenter.substack.com/subscribe
Blockchain has been one of the most hyped technology buzz words for the decade of 2012 to 2022. A lot of the talent at top Banks are moving into FinTech and crypto startups with VC money flows like we've never seen before. It's also attracting the attention of new talent.
Aspiring software engineers are also taking a long look at how they might be able to work in Web 3.0. This article attempts to summarize some of the top crypto ecosystems for developers and software contributors.
Developers and programming enthusiasts are more excited about the prospects of working at a crypto startup or for Web 3.0 movement than ever before in 2022.
Summary of the Electric Capital Report 2021
There’s a new report out by Electric Capital which is interesting for measuring the crypto programming ecosystem. They claim to have fingerprinted nearly?500K code repositories?and?160 million code commits?across Web3 to create the 2021 Electric Capital Developer Report.
A recent report by Electric Capital, which analyzed nearly 500 thousand code repositories and 160 million code commits across Web3,?uncovered?the top blockchain ecosystems based on one of the key “indicators of value creation”–developer engagement.?
Here are some of the highlights:
Crypto developer activity reached an all-time high in 2021
2021 was an exciting year across Layer 1s, DeFi, and the entire blockchain ecosystem. A few key insights:
Crypto developer activity reached an all-time high in 2021
Crypto developer activity reached an all-time high in 2021
Surprisingly Few Developers Work on Web 3.0’s Top Altcoins
More than 18,400 monthly active developers commit code in open source crypto and Web3 projects, revealed the report, noting that more than 4,000 of them work on Ethereum, while the number of those working on Bitcoin topped 680.
While they spin it as a great positive, the numbers are just surprisingly low.
Web3 developers are at an all-time high and growing faster than ever.
Still it’s indicative of a huge up-trend that occurred in 2021 including:
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There are several vibrant ecosystems emerging beyond Bitcoin and Ethereum.
Polkadot Shows the Most Improvement
I think one thing is clear from the report however, it’s that Polkadot surfaced in “a class of its own with clearly the strongest developer growth since the launch of any Web3 protocol and by far the biggest dev community outside of Ethereum,” Polkadot founder Gavin Wood commented the report.
Discussion
While?Solidity remains?the most specific to blockchain programing language, the fact that they are so many ecosystems for blockchain developers is pretty exciting.
Apart from the recent success of Polkadot, around 30% of all developers are writing code on Ethereum Virtual Machine (EVM) compatible Layer-1s.
The Upstarts have Momentum on their Side
Polkadot, Cosmos, Solana, BSC, NEAR, Avalanche, Tezos, Polygon, and Cardano surfaced as ecosystems that have more than 250 monthly active developers.?
While over 20% of new Web3 devs joined the Ethereum ecosystem, several other blockchains attracted impressive numbers in 2021.
In fact, Polkadot, Solana, NEAR, BSC, Avalanche, and Terra are building their teams faster than Ethereum–when indexed to the date from 1st commit.
You can read the 130-slides of the report in?this article here.
As for the momentum index for 2021:
Comparing average monthly active devs between December 2020 and December 2021–Terra, ICP, Fantom, and Harmony all quadrupled their teams, while Avalanche and Algorand followed, tripling theirs.
So there you have it, the fifteen ecosystems where crypto developers are active.
I’m not personally too sure what to make of Ethereum retention levels.
34,000+ new developers worked on an open source Web3 project in 2021, the highest number of new developers in history. Over 3,000 new developers join Web3 every month in the last months of 2021.
Writing about A.I. has given me the opportunity to think more about datascience, programming and technology trends for new professionals. As such I made a new newsletter called Data Science Learning Center, which you can?sign-up for free here:
https://datasciencelearningcenter.substack.com/subscribe
That’s not terrible but a far cry from what some aspiring blockchain developers would have imagined. What do you think about the prospects of working at a blockchain or crypto startup in 2022?
Would you be okay to be paid in crypto or a stable coin? It might happen sooner than you think.
Administrative Assistant at Cisco
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Shaping Global Success with 27+ Years of Financial and Operational Expertise
3 年Asheghar Digimentors from this article looks like you are on the right track ?
Author of What "Do I DO" appeared in Forbes Magazine, Media including Fox and NBC, Radio and talk shows.
3 年Interesting thought would you be paid in crypto or a coin
A giver and proven Tech Entrepreneur, NED, Polymath, Real Private AI and Circular Economy (community wealth building food, metal & energy hubs).
3 年Another excellent synopsis Michael Spencer. Barry E James
If You Want to Delegate It, Automate It | AI Agents for SMBs | Intelligent Automation Expert I Negativity Terminator
3 年I would have expected Web3 to have more of a presence and way more developers interested as early adopters, Michael Spencer. Excellent article.