Ethereum dominates among developers but competitors growing faster

The total monthly active developers measured hit a record high of more than 18,000 but Ethereum holds the largest number of them.

Ethereum dominates among developers but competitors growing faster

The total monthly active developers measured hit a record high of more than 18,000 but Ethereum holds the largest number of them.

The Ethereum environment still has far more developers than rival networks. but they are catching up with a faster rate of growth.

Ethereum competitors like Polkadot, Solana, and Binance Smart Chain are growing faster in terms of development activity according to crypto research firm Electric Capital which released its findings on the blockchain development environment in a new report on Jan 6.

It uncovered that more than 4,000 monthly active open source developers work on Ethereum considerably more than the 680 who work on the Bitcoin Network. Across all chains, the total monthly active developers estimated was more than 18,400 and the record was broken for the number of code commits by new developers in 2021 with more than 34,000

The measurements were gathered by analyzing around 500,000 code repositories and 160 million code commits, which are changes or updates for the code. The report noticed that Ethereum, Polkadot, Cosmos, Solana, and Bitcoin are the five biggest developer ecosystems overall.

According to the report, Polkadot has approx 1,500 developers in total, while Cosmos and Solana are approx 1,000 each.

Other active environments in terms of monthly developers were Cosmos, NEAR which released an $800 million developer fund in October. Tezos, Polygon, and Cardano each with more than 250 active monthly developers.

While Ethereum is still dominant over 20% of new Web3 developers joined its ecosystem rival networks have seen more growth. 

“Polkadot, Solana, NEAR, BSC, Avalanche, and Terra are growing faster than Ethereum did at similar points in its history.”

The report compared the average monthly active developers between Dec. 2020 and Dec 2021. Solana grew by 4.9 times, NEAR had a 4x growth rate. and Polygon's monthly developers more than doubled Cosmos had a 70% increase in average monthly active developers and BSC 80% over the course of 2021.

While the development growth figures are impressive for more early-stage projects, Ethereum is still the king. The ecosystem continues to retain the largest network of tools, apps, and protocols and is 2.8 times bigger than its nearest rival, Polkadot.

Solana, Avalanche, Bsc, NEAR, and Terra have emerged as Defi centers over the previous year or so, attracting more engineers as adoption increases. Defi's full-time monthly active contributors grew by 64% and more than 500 new developers contributed code to a Defi project every month last year besides January.  

Read: What is Ethereum Blockchain? Function, Utilities & Many More

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