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Polygon Becomes the Third Largest Blockchain Network for Developer Activity in Asia and South America  

Author: Content Editor
Polygon Becomes the Third Largest Blockchain Network for Developer Activity in Asia and South America  
The cryptocurrency industry is experiencing growth and evolution, with an increase in experienced developers and the emergence of new blockchain ecosystems. According to Electric Capital's annual developer report, seasoned developers are responsible for 70% of code contributions on major blockchain platforms. However, there is also an influx of fresh talent entering the industry, indicating a collaborative and global approach to innovation. In 2024, 39,148 new developers explored the cryptocurrency industry.

The report reveals that Solana (SOL) surpassed Ethereum as the most attractive protocol among new developers for the first time in history, with 7,625 new developers choosing Solana compared to 6,456 for Ethereum. However, Ethereum remains the leading ecosystem for the development of decentralized applications overall.

The report also highlights other emerging protocols such as Polygon, Polkadot, Base, and Internet Computer, each attracting more than 1,000 new developers. This indicates a maturation of the cryptocurrency world and a rising variety of blockchain applications.

The development of the Web3 landscape has led to the emergence of various types of blockchain applications that cater to the need for decentralized applications among Web3 users. Ethereum was the initial application chain for complex smart contracts and dApps, but other blockchains have emerged to offer faster transactions, lower costs, and higher scalability for developers.

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