The 6th Annual Developer Report by Electric Capital reveals that Asia is the leading hub for crypto developers, with India having the highest share. The report analyzed 902 million code commits across 1.7 million repositories. In 2015, the majority of developers were based in the US and Europe, but now Asia has the largest share, followed by Europe and North America. Ethereum is the dominant ecosystem across all continents, but Solana ranks as the top ecosystem in India. NFT activity has reached its peak, with Solana capturing 64% of mint transactions. DeFi ecosystems experienced significant growth, with Asia making significant contributions. Stablecoin usage is at an all-time high, with $196 billion in circulation, and more than 2,000 monthly active developers work on ZK ecosystems. Ethereum's Layer 2 solutions have seen a surge in developer activity, with Solana attracting the most new developers. Bitcoin development remains stable, with a focus on scaling innovations.



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