A report from Electric Capital reveals that Asia contributed 32% of all global crypto developer activity in 2024, a leap from 12% back in 2015.
Meanwhile, North America’s share has dropped from 43% to just 24% in the same period. The report examined over 900 million code commits from developers across the crypto industry.
Interestingly, Electric Capital’s report focused on where the code was created, not who the developers were or where they came from. This means it did not consider factors like nationality or citizenship.
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While Asia leads, the number of active developers globally dropped by 7% in 2024. This means more people are leaving than joining the crypto industry.
Despite this, the number of skilled developers with more than two years of experience grew by 27% over the past year. These developers are also responsible for over 70% of all code commits on major blockchain platforms.
Electric Capital studied 902 million code commits across 1.7 million repositories.
A partner at Electric Capital, Maria Shen, noted on X that the report only counts open-source projects, which means the number of active developers is probably even higher.
One country that stands out is India. The report shows India holds 11.7% of the global crypto developer share, second only to the US, which leads with 18.7%.
Asia’s growth in global crypto developer activity highlights how quickly the industry’s focus can shift. Meanwhile, a recent report from Kraken reveals that 88% of crypto investors feel they’re being left behind. Why do so many report missing out? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
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