Asia surpasses North America in crypto developer dominance, data shows

With the U.S. experiencing a decline in its share of crypto developers, the country may be jeopardizing its leadership position in the swiftly changing crypto economy.

The United States is experiencing a decline in its share of crypto developers, prompting concerns over its leadership in the blockchain space. Recent data from Maria Shen, general partner at blockchain venture firm Electric Capital, reveals that the U.S. now represents only 18.8% of global crypto developers.

https://twitter.com/MariaShen/status/1851702779946901968

The U.S.’s developer share has also fallen by 51%, suggesting that the country may be losing its competitive edge. Shen attributes this shift to a challenging regulatory environment, saying that the U.S. “needs clear crypto policy to maintain its country lead.”

https://twitter.com/MariaShen/status/1851702790923354355

Despite the trend, the U.S. remains the top country for crypto developers (18.8%), with India and the U.K. following at 11.8% and 4.2%, respectively. Additionally, data revealed that 64% of U.S.-based developers live outside of California and New York, what Shen describes as an “opportunity for job & wealth creation for policymakers.”

In early January, Electric Capital revealed that the overall number of crypto developers in 2023 decreased by 24%, while the number of newcomers dropped by over 50%.

When looking at specific ecosystems, Ethereum remained the dominant platform, attracting over 16,000 new developers actively contributing code this year. Other platforms, such as Polygon, also drew interest. Bitcoin ranked 13th on the list, sharing the spot with Internet Computer, Optimism, and BNB Chain.

Spread the love
  • Aniket Pujari

    Aniket Pujari is a visionary entrepreneur and dedicated content creator who has made significant contributions to the digital media landscape. As the founder of Minute To Know News, he has established himself as a leading figure in the world of finance, cryptocurrencies, and Internet-related topics.

    Related Posts

    Flockerz Meme Coin Presale Raises $1.3M as Analyst Predicts Major Gains After DEX Listing

    While most of crypto Twitter focuses on Bitcoin, some investors have been quietly accumulating Flockerz. Flockerz has become one of the year’s hottest meme coin presales. And with a top…

    Spread the love

    Solana Price Passes $200 as Crypto Market Rallies – Could FreeDum Fighters Explode Next?

    Solana (SOL) is exploding – breaking $200 for the first time since April. With SOL rising and the broader market flipping green, investors are starting to notice some of the…

    Spread the love

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    ‘Lucky car’ buried with ‘last rites’ by Gujarat family, funeral worth ₹4 lakh | Watch viral video

    ‘Lucky car’ buried with ‘last rites’ by Gujarat family, funeral worth ₹4 lakh | Watch viral video

    Niagara Falls suicides: Woman jumps into waterfall days after New York mom and children, police search ongoing

    Niagara Falls suicides: Woman jumps into waterfall days after New York mom and children, police search ongoing

    Rishi Sunak, Akshata Murty’s humble gesture at Third Wave Coffee in Bengaluru wins over fans | See pics

    Rishi Sunak, Akshata Murty’s humble gesture at Third Wave Coffee in Bengaluru wins over fans | See pics

    Central agencies raid Jharkhand CM Hemant Soren aide Sunil Srivastava’s residence ahead of Assembly polls

    Lebanon news: Toddler ‘appears’ alive in bulldozer shovel, 14 hours after being buried by Israeli airstrikes

    Lebanon news: Toddler ‘appears’ alive in bulldozer shovel, 14 hours after being buried by Israeli airstrikes

    Could Sonia Sotomayor be replaced by Kamala Harris on the Supreme Court after Trump’s victory? Who is she

    Could Sonia Sotomayor be replaced by Kamala Harris on the Supreme Court after Trump’s victory? Who is she