CandleFocus Asia surpasses North America in crypto developer dominance, data shows
2024-10-31
Author: Content Editor
The United States is facing a decline in its share of crypto developers, potentially jeopardizing its leadership in the crypto economy. Recent data shows that the US now represents only 18.8% of global crypto developers, a 51% decrease. This decline is attributed to a challenging regulatory environment and the US needs clear crypto policies to maintain its lead. Despite this, the US remains the top country for crypto developers, followed by India and the UK. It is noted that 64% of US-based developers live outside of California and New York, which presents an opportunity for policymakers to create jobs and wealth. Ethereum remains the dominant platform for developers, with Bitcoin ranking 13th on the list.
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