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Asia surpasses North America in crypto developer activity growth in 2024

Author: Content Editor
The geographical distribution of developer activity in the crypto industry has seen significant changes, with Asia now leading the revolution. According to Electric Capital's 2024 Developer Report, Asia's share of global crypto developers' activity has grown from 12% in 2015 to 32% currently. In contrast, North America's share has fallen from 43% to 24% during the same period. India has played a key role in this shift, holding 11.7% of the market share. While the total number of crypto developers has decreased by 7%, the number of experienced developers with over two years of experience has grown by 27%. These experienced developers have contributed to over 70% of the code commit rates in leading blockchain domains. The report also highlights a change in platform preferences among new developers, with Solana attracting more new talent compared to Ethereum. This indicates a diversification of the crypto ecosystem. Overall, the crypto space is progressing and seeing developments in Asia, Africa, and South America, with increased technical expertise and the influx of talent from emerging markets signaling less Westernization of the industry.

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