BlocksInform
A new annual electric capital venture report shows massive growth in developer activity on four blockchain projects, including two ethereum() competitors.
According to the firm, active developers on the Polygon () and Cosmos () blockchains along with ETH rivals Solana () and Polkadot () shot up in 2022 by more than 400% from five years ago.
Says Maria Shen, an investor at Electric Capital,
“While prices are at 2018 levels, developer ecosystems are multiples bigger.”
The four blockchain projects each saw less than 200 developers per month in 2018.
According to the report, polygon has a little more than 1,000 active monthly developers, cosmos a little less than 2,000, polkadot approximately 2,000 and solana approximately 2,250.
Source: Capital electrique/Twitter. Today, in December 2022, there were 23,343 active promoters per month, up 5% from December 2021, according to the report.
Source: Capital electrique/Twitter.
Says the
“Developers are a leading indicator of value creation. Developers construct applications that offer value to users. Killer apps attract customers, and those customers bring more developers.”
the firm’s development activity tally is likely an undercount since it solely tracks open-source code.
The apps that kill attract clients, and those clients bring more developers." The total business development activity is likely to be an under-coverage as it follows only the free code. 'We concentrate on open source code, so we underestimate the total number of crypto developers and don't include developers, community mods, project managers, etc.
