How Solana Beat Out Ethereum to Nab New Crypto Developers in 2024

Episode 749

The 2024 Developer Report from Electric Capital reveals many shifting dynamics. For starters, for the first time in eight years, Ethereum was not the top chain for new developers—Solana was. Meanwhile, Asia has emerged as the leading hub for crypto development, taking the top spot from North America, which dropped to third.

In this episode, General Partner Maria Shen explores how Ethereum's Layer 2 solutions are bolstering its position despite fierce competition, why the Bitcoin developer ecosystem remains steadfast, and how emerging projects like EigenLayer are capturing builders’ attention.

She also delves into the top crypto technologies that are fascinating devs, and how their usage and development activity differ across the globe.

Show highlights:

Maria’s top takeaways from the report
Whether the developer migration from the U.S. will stop under a friendlier regulatory environment
How Ethereum has maintained its dominance despite its high fees and the rise of Solana
What the steadiness of the Bitcoin developer ecosystem shows
Which other smaller ecosystems are growing the most
How ZK contract usage has been increasing over time
Why, despite what one could think, NFT minting activity is higher than ever
How stablecoin usage differs from token to token and also across countries

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

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Guest

Maria Shen, General Partner at Electric Capital
Previous appearance on Unchained: Why Crypto Developer Activity Continues to Grow Despite the Bear Market

Podcast Episode Details

How Solana Beat Out Ethereum to Nab New Crypto Developers in 2024

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