As per recent data from the Solana Foundation, the Solana ecosystem currently boasts more than 2,500 monthly active developers. In a report published on January 9th, which analyzed key network metrics for 2023, Solana stated that it had consistently maintained a developer count ranging between 2,500 and 3,000 monthly active developers over the past year.
The report emphasized the importance of having a steady number of developers as an indicator of a healthy ecosystem, showcasing its ability to attract and retain new talent. However, it’s worth noting that this measurement only considers developers contributing to public repositories.
In contrast, data from Electric Capital’s blockchain development tracker, the Developer Report, revealed that as of October 1, 2023, Solana had 946 developers, a decline from its all-time high of 2,634 on December 22, 2022. The Developer Report relies on GitHub data to compile statistics on blockchain developer activity, but their data only extends up to October 1. An Electric Capital spokesperson mentioned that data for the fourth quarter would be updated next week.
On the other hand, Ethereum had a total of 5,769 monthly active developers on October 1, 2023, representing a 22% decrease from its peak count of 7,433 on June 16, 2022, according to Electric Capital data.
Meanwhile, Solana has witnessed a 50% increase in developer retention over the past three months. This coincides with a surge in activity on Solana’s network and a rising price for its native token, SOL, which briefly became the fourth-largest cryptocurrency by market capitalization on December 22. It reached yearly highs of $122 just a few days later on December 26.
During the same period, the Solana network experienced a significant increase in activity, briefly surpassing Ethereum in 24-hour decentralized exchange volumes.
Get $200 Free Bitcoins every hour! No Deposit No Credit Card required. Sign Up