– Monthly active developers in the crypto ecosystem fell 28% year-on-year in October, but some platforms have seen an increase in their developer counts.
– Ethereum layer-2 scaling solutions Starknet and zkSync recorded increases of 3% and 6%, respectively, while Ethereum, Polygon, and Solana saw their counts fall by 23%, 43%, and 57%.
– Total monthly active developers in the cryptocurrency ecosystem fell 27.7% over the last 12 months.
– Chainlink, Stellar, Aztec Protocol, and Ripple also increased their developer counts, although their total monthly active developers were lower than zkSync and Starknet.
– Starknet and zkSync are layer 2 solutions focused on scaling Ethereum through zero-knowledge rollups.
– Starknet’s “Quantum Leap” went live in July, increasing Ethereum’s transactions per second.
– Both Starknet and zkSync are working on zero-knowledge Ethereum Virtual Machine (zkEVM) solutions to further scale Ethereum.
– Developers at zkSync are building a network of “hyperchains” to create an ecosystem of interoperable protocols and sovereign chains.
– The decrease in active monthly developers is mainly attributed to newcomers, while established and emerging developers have remained relatively steady.
– This trend is cyclical, with newcomers dominating during bull markets but declining in numbers during market downturns.
– Electric Capital obtains its data from code repos and code commits on GitHub.