Cryptocurrency is an innovative and swiftly evolving space that continues to attract a wide range of new developers. The DeveloperReport has released its Q1 2023 report on crypto developer activity showing that despite the market declines, developer activities have stayed strong, with approximately 21,697 active developers per month. In total, 9,350 new developers joined the crypto sector in this quarter.

Full-time developers play an instrumental role in the industry, making up about 70-75% of the total commit volume. While the number went down in the first quarter, there was still a 16% increase from the early part of the year. To add to that, of the total monthly active developers, 7,039 were full-time developers, with part-time comprising the majority at 52%. It’s plausible that the decline in developer activity may be attributed to seasonal factors such as “Developer Seasonality”.

The report also revealed that certain ecosystems had grown substantially. The repositories with the highest growth in Q1 2023 were Metamask’s metamask-extension, Aztec’s barretenberg, Status’s status-go, Aztec’s aztec3-packages and Mysten Labs’ sui. In terms of successful onboarding, the report noted that 50% of developers that had left previously were back in the sector due to the 2021-2022 bull run.

From these statistics, it’s evident that the crypto industry is an attractive sector to many developers. With a continuous influx of new talent and substantial growth being seen in multiple ecosystems, the future of the crypto space looks promising.



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