Report shows 100% increase in developers in two years
According to Electric Capital, the number of monthly active crypto developers closed at 23,343 in December 2022. This figure represented a nearly 100% increase from the beginning of 2020, when there were less than 10,000 active developers.
This significant growth in the number of developers working in the crypto industry is a positive sign for the future of the industry. Despite the significant drop in the Bitcoin price, which plummeted more than 76% from its all-time high of $69,000, the number of monthly active developers grew by 5%.