In 2024, Solana has surpassed Ethereum as the top platform for attracting new developers to the cryptocurrency space. According to a report by Electric Capital, Solana has attracted 7,625 new developers, an 83% increase from the previous year. This is about 1,000 more new developers than Ethereum, reflecting Solana’s growing momentum in the developer community.
Ethereum Maintains Its Position Despite Competition
Despite Solana’s advance, Ethereum still holds its position as the largest developer network overall. The number of monthly active developers on the Ethereum network is about 6,244, which puts it in the lead in this area. However, Ethereum saw a 17% decrease in active developers compared to the previous year, indicating the network’s increasing challenges in attracting new talent.
Importance of the overall landscape
Solana’s dominance highlights the market dynamism and technological evolution of the cryptocurrency space. As competition between major networks continues, the future depends on each network’s ability to innovate and provide a conducive environment to attract more developers, reflecting the vital role of technical communities in fostering the growth of blockchain platforms.
