Ethereum Developer Ecosystems is still ruling, but the competition is hard
Ethereum Developer Ecosystems is still ruling, but the competition is hard
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- New insights show that Ethereum rules in relation to developer activity with 4,000 monthly active developers of 18,000.
- competitors such as Polkadot, Solana and Avalanche showed faster growth than Ethereum at similar times in history.
The Ethereum (ETH) network, which is only second to Bitcoin in terms of market capitalization, also has the largest number of blockchain ecosystem developers. However, a new report on January 6th shows that blockchains from other old coins quickly come onto the market and Ethereum fight for his money.
according to the crypto research company Capital, The Networks Polkadot, Solana and Binance Smart Chain (BSC) grow quickly with regard to developer activity. The total number of monthly active developers in all chains was more than 18,400, the report says. Of these, over 4,000 open source developers work on Ethereum.
The company also analyzed around 500,000 code repositors and 160 million code commits (code updates). It showed that 2021 had the highest code commits of over 34,000.
Ethereum competitor are strong
In addition, according to Ethereum, the largest developer ecosystems Polkadot, Cosmos, Solana and Bitcoin were. Polkadot has around 1,500 developers, while Cosmos and Solana each have 1,000 developers. Bitcoin occupies fifth place with just over 680 developers.
Other ecosystems with active monthly developers were Near Protocol, Tezos, Polygon and Cardano with over 250 monthly developers. In October, Near himself put on an $ 800 million developer fund that is geared towards the growth of its decentralized financial systems (Defi).
Over 20 percent of the new web developers have recently joined the Ethereum ecosystem and thus further consolidated its management position. However, the report shows that competing networks have experienced better times in terms of growth than Ethereum.
Polkadot, Solana, Near, BSC, Avalanche and Terra grow faster than Ethereum at similar times in its history.
between Dec. 2020 and Dec. 2021, the average number of monthly active developers on Solana has increased by 4.9 times. The numbers on Near have quadrupled, while the polygon numbers have more than doubled. Cosmos and BSC followed the second and first position, which recorded an increase in average monthly active developers around 70 or 80 percent.
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These numbers show impressive development growth in projects in the early phase, while Ethereum, the First Mover, lists less growth. Nevertheless, the network with the largest network of Dapps, protocols and tools kings remains. His developer ecosystem is also 2.8 times larger than its next rival polkadot.
It is noteworthy that the high gas fees on Ethereum have led to developers in other cheaper networks. Last year or so Solana, Avalanche, BSC, Near and Terra developed into defi hubs with increasing crypto acceptance.
In addition, the report emphasizes that the number of monthly active defect-time payers rose by 64 percent last year. Even more, more than 500 new developers took part in the coding of a Defi project every month last year.
Source: Crypto-news-flash.com