Despite the decline over the past year, more than 1,600 developers are still active in building the top blockchains and decentralized applications during this bear market, writes
The number of daily active developers working on top blockchains and decentralized applications has decreased roughly 57% this year, according to financial data platformIn January, about 3,700 daily developers were active, compared to almost 1,600 on Dec. 14, data from Token Terminal suggests, which tracks daily totals.
“It’s not surprising to see an overall decline in daily active devs,” said Chris Eberle, angel investor and contributor at Coordinape and PleasrDAO who goes byon Twitter. “2022 has been punch after punch for crypto. The impact to the market and the overall brand of crypto is just brutal.” With 192 developers as of Dec. 14, Ethereum currently has the most daily developers among blockchain protocols and dapps. Cardano and Cosmos rank second and third with 144 and 143 active developers, respectively. Bitcoin, the largest cryptocurrency by market capitalization, currently has 18 active developers.
He added: ”Others seem to have some dip but it could well be seasonal as we’re in the holiday zone now.”
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