Latest data shows a 26% drop in weekly active developers in the crypto business over the last three months.
Ethereum, Polkadot, Solana, and Cosmos saw developer activity drop by 30.5%, 43.6%, 48.4%, and 48.9% over the last three months, according to blockchain data aggregator Artemis.
Interplanetary File System (IPFS) and the Internet Computer had growth rates of 206.6% and 21.7%, respectively, throughout this era.
Blockchain developers design architecture, maintain and upgrade infrastructure, and build smart contracts for decentralised apps (DApps).
Active developers across all crypto protocols have dropped 30% this yr.
Tourist builders are leaving along w/ tourist investors.
Finally the industry is having some peace & quiet to get real work done.
h/t @Artemis__xyz pic.twitter.com/PAGi6Yh7eo
— Tascha (@TaschaLabs) September 8, 2022
A smart contract platform that lacks developers would certainly struggle to flourish.
Tascha Che, creator of Tascha Labs, told her 173,700 Twitter followers on Thursday that she doesn’t think the trend is of much concern because the exodus of “tourist builders” and “tourist investors” will allow legitimate builders to “get real work done in peace.”
A Binance research researcher said developer activity will be a “essential statistic” in the future due to its “flywheel influence” on the industry.
From April to mid-June, the crypto market cap fell from $2.1 trillion to $890 billion.
