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The 2024 Developer Report from Electric Capital reveals many shifting dynamics. For starters, for the first time in eight years, Ethereum was not the top chain for new developers—Solana was. Meanwhile, Asia has emerged as the leading hub for crypto development, taking the top spot from North America, which dropped to third.

In this episode, General Partner Maria Shen explores how Ethereum’s Layer 2 solutions are bolstering its position despite fierce competition, why the Bitcoin developer ecosystem remains steadfast, and how emerging projects like EigenLayer are capturing builders’ attention.

She also delves into the top crypto technologies that are fascinating devs, and how their usage and development activity differ across the globe.

Show highlights:

  • Maria’s top takeaways from the report
  • Whether the developer migration from the U.S. will stop under a friendlier regulatory environment
  • How Ethereum has maintained its dominance despite its high fees and the rise of Solana
  • What the steadiness of the Bitcoin developer ecosystem shows
  • Which other smaller ecosystems are growing the most
  • How ZK contract usage has been increasing over time
  • Why, despite what one could think, NFT minting activity is higher than ever
  • How stablecoin usage differs from token to token and also across countries

 

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