A blockchain developer is involved with the development of the architect, content and the 3D models on decentralized applications and smart contracts. Developers are the base of the blockchain project as they build magnificent applications to generate interesting use cases and attract people to the blockchain.
Blockchain developer activity is important for each blockchain growth. The three blockchains with highest developer counts are discussed briefly.
Ethereum
Ethereum is leading the race with the highest number of total developers at 5,758. It accounts for 16% of all developers in crypto. A large part of the growth comes from part time and full time developers who grew by 9% and 7%. The Shanghai update can lead to a spike in developer activity.
In a way, it can be said Ethereum has the largest and most active developers’ community in web3. It hosts a variety of dApps, Defi protocols and NFTs. Ethereum had around 3,900 developers in 2021, and since then, it has shown immense growth by increasing the counts. The transaction fee on Ethereum is $2.90. The private information remains on the blockchain in an encrypted form on Ethereum.
It uses Ethereum Virtual Machine (EVM) . Its smart contracts are mostly written in proprietary language like Solidity, Viper etc. Overall, Ethereum has a market cap of $224,215,150,245, as per coinmarketcap.
Polkadot
Polkadot had attracted many developers. And the reason behind is low cost of building, shorter time to market, upgradability, and interoperability. It also aims to mentor NFTs and DAO projects. Polkadot has the second highest developer count. In 2020, it had 840 developers which increased to 14000 developers in 2021. The network is moving ahead with Asynchronous Backing Upgrade which is supposed to increase the throughput on the network.
The programming language provides speed to quickly customize the blockchain. Upgrading chains on this blockchain is faster due to its backward compatibility.
Gavin Wood tweeted that the new ecosystem developer analysis by ElectricCapital shows Polkadot has the strongest developer growth since the launch of any Web3 protocol. It has a current market cap of $6,235,531,605.
Solana
Solana, a high performance blockchain, has the third highest developer count with over 1000 developers in 2021. As per the Electric Capital report, there are 383 full time developers working on Solana at the end of 2022. This number has grown to 10X since 2018. Solana allows fast transaction speeds, low fees, and scalability attracting developers who want to build dApps that can handle high throughput and user demand.
According to a report from the Solana Foundation, the number of developers has increased to 2,053 as of November 2022. These are the active developers working on projects with a Solana integration, with 1,654 focused on Solana based projects.
Solana has shown the highest growth rate, giving a close competition to Ethereum and Polkadot. Solana works with well-known programming languages like C, C++, and Rust, which also provides ease of development by developers in the blockchain. Solana’s transaction fees start at $0.00025 for each transaction. It has a current market cap of $8,937,408,463.
Summary
It is important to note that developers are the source of innovative applications that could translate to bring value to users. Traders and investors use multiple indicators before analyzing the crypto project. Developer activity is one of these metrics. This generally leads to price momentum which draws more developers to the project.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/08/06/explore-3-blockchains-with-highest-developer-activity/