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Blockchain developer market becomes more centralized post-FTX, data shows

Author: Content Editor
According to a research report by Electric Capital, the blockchain developer ecosystem is experiencing a shift, with fewer developers entering the space and experienced developers taking the lead. The total number of active blockchain developers has dropped by 25% over the past two years, with part-time developers and newcomers being the most affected. In contrast, established developers with two or more years of experience have seen a 65% increase. The decline in part-time and new developers could be due to factors such as market volatility and increasing complexity. However, the report predicts that this trend may reverse in the first half of 2025. The dominance of experienced developers has raised concerns about centralization and the potential homogenization of innovation. The report also highlights the growing influence of Asia in terms of developer share, with India emerging as a leader. Ethereum remains the largest ecosystem for developer activity, but Solana is attracting more new developers. The decline in developer participation raises concerns about the future of blockchain innovation.

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